At-a-Glance

Key Takeaways with Craig

It seems like an understatement to say that US Equity prices struggled to find direction today, but when the dust had settled, all four major US indexes closed lower.  After another volatile week, we take a look back on the net price and volatility changes since last Friday’s close in some of CME Group’s major products using QuikStrike data:

  • Implied Volatility was mostly higher, save for grains and cryptocurrency products (FX options volatility was slightly lower)
  • On a relative basis, E-mini S&P 500 volatility rose by more than Nasdaq-100 despite similar % change in prices
  • Gold options volatility saw the largest relative gain among the products we looked at
  • WTI Crude Oil options volatility jumped even though prices were near steady on the week
  • Micro 10 Year Yield was only down a few basis points but traded over 2% earlier in the week

Once again we head into the weekend with tremendous uncertainty in the market.  We will not be publishing on Monday in observance of President’s Day but will be back on Tuesday.  Have a happy and safe weekend.  

Today's Future Price Action

Traders Resources

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