At-a-Glance
Key Takeaways with Craig
US Equity Prices began the day lower but recovered throughout the day to finish mixed as trading resumed after a long holiday weekend. Implied volatility in CME’s E-mini Nasdaq-100 and S&P 500 options that have 30 days until they expire were little changed, but we do see the options that expire on Wednesday and Thursday, after the CPI and PPI numbers are scheduled to be released, trading at much higher volatility levels, reflecting the potential for those inflation numbers to impact the futures price. US Treasury yields were slightly higher today, with the Micro 2-Year up by about 6 basis points (“bps”), while the Micro 10 and 30-Years were both up by about 4 bps.
In other CME markets, the US Dollar was higher versus most major currencies and Gold futures prices declined by about 1%. CME cryptocurrency markets were active today as Bitcoin futures prices rose by about 4.5% from Thursday’s closing price while Ether prices were up by just under 2%. Bitcoin futures are now trading at the highest price we’ve seen since last June while volatility in the options markets jumped today as well. Bitcoin futures prices are depicted in the orange line in the QuikStrike graph below while implied volatility in the Bitcoin options market is graphed in blue.
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