At-a-Glance

Key Takeaways with Craig

We are writing the Key Takeaways section a bit earlier again due to conference schedules, but in mid-afternoon action, US Equity Indexes are mixed again and US Treasury Yields are higher.  Implied volatility in the Treasury options continued higher while it was near steady in CME’s Equity Index options. 

CME Gold futures prices declined again and are now down by about 4% in the last couple weeks.  CVOL levels in Gold options declined today though the Puts were bid over the Calls according to CVOL skew measurements. 

Finally, despite the palpable enthusiasm for Bitcoin and cryptocurrencies down here at the Bitcoin 2023 conference in Miami, Bitcoin futures prices fell again today and are down by about 10% in the last two weeks.  Even with the decline in price, implied volatility in CME’s Bitcoin options market traded down to levels we last saw in the middle of February as you can see in the blue line in the QuikStrike graph below.  

Today's Future Price Action

Traders Resources

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