Us Equities Fall Slightly

By Craig Bewick
NOV 17 2020

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%. 

ABOUT THE AUTHOR

Craig Bewick has spent 25 years in futures and options markets, starting at CBOT and CME working in risk management, regulatory, technology, product management and client development. 

After 8.5 years with WH Trading LLC, Craig returned to CME Group as the Director, Client Development and Sales, working to educate and promote futures trading. Craig currently writes for InFocus Options Corner.

Connect with Craig at activetrader@cmegroup.com

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