At-a-Glance
Key Takeaways with Craig
US Equity Index prices struggled to find a clear direction today and, as we near the 3 o’clock hour here in Chicago are mixed, but little changed on the day. Meanwhile, implied volatility in CME’s Equity Index options continued lower. US Treasury yields traded lower with the Micro 2-Year, 10-Year and 30-Year Treasury Yield futures down by between 6 and 9 basis points. CVOL in CME’s 10 and 30-Year Treasury options was lower while it was up by about 7% in the 2-Year options.
WTI Crude Oil futures prices declined by about 4.6% while CVOL in the options market increased. As you can see in the CVOL graph below which depicts the skew in WTI Crude Oil options, the Puts gained relative to the Calls as the skew has traded down to near neutral. Gold futures prices gained by over 1% today, though CVOL declined a bit in the options market.
CME Group Cryptocurrency markets remain active as both Bitcoin and Ether futures prices were down by over 4%. Implied volatility in the Bitcoin options markets, which has spiked since the middle of October remains elevated, but declined slightly today.
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