Key Takeaways with Craig
And that’s a wrap on October trading as neighborhoods fill up with dressed up trick or treaters. After another active month in CME’s financial and commodity markets, we’ve recapped the monthly net price and volatility changes in some of CME’s major products using QuikStrike and CVOL data below.
- After an extremely volatile September, we saw monthly declines in options volatility in all of the products we looked at except for Natural Gas
- US Equity indexes gained, though the Nasdaq lagged a bit, up about 4% on the month
- WTI Crude Oil futures prices gained about 8% but are still trading under $90 per barrel
- US Treasury Yields rose with the Micro 10-Year Yield futures up about 27 basis points. The 2s versus 10s are still inverted; currently at about 36 basis points.
- Bitcoin futures prices are up by about 5% and implied volatility in the options continues to decline
Please enjoy a safe Halloween night and we’ll be back tomorrow to see what the beginning of November brings us!
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