US Equity Indexes were mostly lower today after yesterday’s record-setting rally as only the small-cap Russell 2000 logged gains. The other major indexes closed lower but off of the day’s low levels that we saw this morning. Despite the moderate sell-off in stocks, options implied volatility ticked down today in the CME Group equity indexes. In fact, as you can see in the QuikStrike graph below, 30-day implied volatility in the E-mini S&P 500 options has ticked below the one-standard deviation move over the last 3 months.
Other CME Group markets saw subdued price action today as we were hard-pressed to find markets that saw net changes of more than 1%. The Soybean complex was an exception as Soybean and Soybean Meal futures prices rose by about 1.5%.