What Happened This Week?

By Craig Bewick
MAY 21 2021

After a volatile week in several different asset classes, we thought it would be appropriate to look at the weekly net price and volatility changes in some of CME Group’s major products.  Once again, the net changes don’t do justice to how much the prices in these products moved as we saw a lot of up and down price action.  One exception to that is in Bitcoin which, at the time of this writing in mid-afternoon, was trading below 37,00

Net price changes on the week were relatively muted as only 2 of the 10 featured products moved by more than 3% and net implied volatility changes were mixed.  The drop in Bitcoin price represented a 27% decline and the Put skew is as much as we’ve seen in the last year. 

On Monday, we’ll explain the answer to yesterday’s “Question of the Day” here in the Key Takeaways section.  We hope all of our readers have a happy and safe weekend and, for those here in the Chicago area, enjoy the summer-like temperatures!

 

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. 

Connect with Craig at activetrader@cmegroup.com

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