Key Takeaways with Craig
US Equity prices were little changed as we wind down the holiday-shortened, first week of September. On the week however, major US Indexes were down, with the E-mini S&P 500 losing about 2.5% and the Nasdaq-100 off by about 3%. It was a relatively uneventful week in CME’s markets otherwise, as illustrated by the recap below that we put together using QuikStrike and CVOL data.
- As noted, Equity Index prices were lower and implied volatility in the options rose, though from low levels. Implied volatility remains below the 6 month average closing level.
- WTI Crude Oil futures prices rose slightly and remain at multi-month highs.
- Gold futures prices remain range-bound, losing about 1% on the week.
- Both WTI Crude Oil and Gold CVOL continue to trade at multi-year lows.
- Soybean futures prices were near steady on the week but CVOL increased by 8%.
- Bitcoin futures prices recovered a bit and implied volatility in the options came off of historic low levels.
As always, we hope all our readers have a safe and happy weekend and we’ll see you all on Monday!
Today's Future Price Action
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