US Equity Indexes were little changed today as we begin the last full week of trading before Thanksgiving week. Implied volatility in CME’s Equity Index options ticked up slightly. In other CME Group markets:
On Friday, we mentioned that Wheat futures prices have risen to levels we last saw in 2012. To illustrate how high the current prices are, we used QuikStrike data to graph the price and volatility of the December Wheat contract. The graphs below show the current Price (upper) and Implied Volatility (lower) of Dec Wheat in the dotted red line with Days to Expiration on the horizontal axis. The other lines on the graph represent December Wheat in each year since 2011. As you can see, only in 2012 was the price as high as it currently is and only in 2011 was implied volatility as high.