Key Takeaways with Craig

US Equity Index prices fell slightly and US Treasury yields rose to end another relatively quiet week in the financial markets. Looking back on the week using QuikStrike and CVOL data, we find that implied volatility fell in every product we looked at.  Here are some highlights:

  • E-mini S&P 500 and Nasdaq-100 were nearly unchanged on the week while vols in the options markets fell.  In fact, 30-day implied volatility in the E-mini Nasdaq-100 options is the lowest it’s been in over a year.
  • After nearly hitting all-time highs this week, Gold futures prices fell today and were also near steady on the week.  CVOL levels came down in the options markets.
  • Micro 10-Year Treasury Yields were down by about 7% and the CVOL level declined by over 20% to near 2-month lows.
  • Nat Gas prices came off of recent lows but the CVOL level fell by 14%.
  • Bitcoin futures prices continued to rise; up 8.4% on the week.

We hope those of you in Chicago have enjoyed the early taste of summer this week; it seems the markets fell into a bit of historically quieter summer price action as well!  Have a great weekend and we’ll be back on Monday, but wearing our jackets here in Chicago as the forecast calls for possible snow showers!!

Today's Future Price Action

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