At-a-Glance

Key Takeaways with Craig

US Equity prices were mixed today with the Nasdaq trading lower and the other major US indexes registering slight gains.  Implied volatility in CME’s E-mini S&P 500 and Nasdaq-100 continues to trade at multi-year lows.  US Treasury yields were lower today, with the 2-Year Yield future down about 5.5 basis points and the 10-Year down by about 7 bps. 

It was a bit of a quieter day in many of CME’s financial and commodity markets, although Natural Gas futures did fall by nearly 4%.  With this move, Nat Gas prices are trading at 1-year lows, as you can see in the top CVOL graph below.  Nat Gas options volatility is also trading near 1-year lows, as is illustrated in the middle graph that depicts the CVOL level over the last year.  Finally, the graph of Nat Gas options skew looks similar to the CVOL graph, as Puts have been bid relative to Calls as volatility has come down, though the options still trade with a Call skew. 

Today's Future Price Action

Traders Resources

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