At-a-Glance

Key Takeaways with Craig

As we head into the halfway point of April and into an extended weekend due to tomorrow’s Good Friday holiday, we thought we’d check in on Month-to-Date price and volatility changes using QuikStrike data.  Of note, so far in April:

  • US Equity Index future prices are down with Nasdaq-100 down 6% and S&P 500 down 3%.  Implied volatility in the options is higher, but not dramatically. 
  • WTI Crude Oil futures prices are higher but implied volatility has fallen.  Implied volatility still remains elevated relative to historical norms.
  • Natural Gas futures prices, about which we’ve written lately in the Key Takeaways section, are up by 30% and 30-day implied volatility is trading at over 70%!
  • Micro 10-Year Yield has risen nearly 50 basis points!

We hope that all of our In FOCUS readers enjoy the Holiday weekend and we’ll be back on Monday!

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