Key Takeaways with Craig
Due to speaking engagements down here in Sao Paulo, Brazil this afternoon (and because we know a lot of our readers are beginning their holiday weekends early), we are writing the Key Takeaways at mid-day today. Below is a recap of this week’s net price and volatility changes in some of CME’s major products, using QuikStrike and CVOL data. We thought it was a nice follow up to yesterday’s monthly recap as it shows the difference that the last week has made in some of these products.
- US Equity prices rose this week, muting some of the losses that they incurred earlier in the month. Additionally, implied volatility in CME’s Equity Index options fell dramatically.
- WTI Crude Oil futures prices rose by 7% this week, though CVOL in the options remains low.
- The magnitude of the inversion between the Micro 2-Year and 10-Year fell by about 13 basis points.
- Natural Gas futures prices were up by about 5%, though CVOL fell by 8%.
As you can see, the theme this week was lower volatility as we head into Labor Day weekend in the US. We hope all of our readers have a happy and safe holiday weekend and we’ll be back on Tuesday reporting on what September brings!
Todays Featured Videos
Today's Future Price Action
The information in the market commentaries have been obtained from sources believed to be reliable, but we do not guarantee its accuracy and expressly disclaim all liability. Neither the information nor any opinions expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts. The information on this site compiled by CME Group is for general purposes only. All information and data herein is provided as-is. Additionally, all examples on this site are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience. CME Group assumes no responsibility for any errors or omissions. CME Group, its affiliates and any third party information and content providers expressly disclaim all liability with respect to the information and data contained herein including without limitation, any liability with respect to the accuracy or completeness of any data. You use the data herein solely at your own risk. All data and information provided herein is not intended for trading purposes or for trading advice. All matters pertaining to rules and specifications herein are made subject to and superseded by official CME, CBOT, NYMEX and COMEX rules. Current rules should be consulted in all cases concerning contract specifications.
Neither futures trading nor swaps trading are suitable for all investors, and each involves the risk of loss. Due to the leveraged nature of futures trading and swaps trading, it is possible to lose more than the amount deposited in a position. Therefore, traders should not deposit more funds than they can afford to lose without negatively affecting their lifestyles. A trader cannot expect to profit on each trade, and should only devote a small amount of their available funds to each trade. All references to options refer to options on futures.
Past performance is not necessarily indicative of future performance.
CME Group, the Globe Logo, Chicago Mercantile Exchange, Globex and CME are trademarks of Chicago Mercantile Exchange Inc. CBOT is the trademark of the Board of Trade of the City of Chicago, Inc. NYMEX is the trademark of the New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other marks are the property of their respective owners. Each of Chicago Mercantile Exchange Inc. (ARBN 103 432 391), The Board of Trade of the City of Chicago Inc (ARBN 110 594 459), the New York Mercantile Exchange Inc (ARBN 113 929 436) and Commodity Exchange, Inc. (ARBN 622 016 193) is a registered foreign company in Australia and holds an Australian market licence.
This site does not constitute a prospectus, product disclosure statement or legal advice, nor is it a recommendation to buy, sell or retain any specific investment or to utilise or refrain from utilising any particular service. Readers should consult their legal advisors for legal advice in connection with the matters covered on this site.