At-a-Glance

Key Takeaways with Craig

Due to conference schedules, we’re writing the Key Takeaways column a bit early, but as of mid-afternoon trading, US Equity Index prices were lower again, but this time, Treasury yields were lower as well.  With the decline in prices, implied volatility in CME’s Equity Index options has risen over the last couple of days, though it has risen off of relatively low levels and remains below the 6-month average, as you can see in the QuikStrike graph of 30-day, ATM implied volatility in the E-mini Nasdaq-100 options below. CVOL in CME’s Treasury options has also risen over the last couple weeks, but also remains low relative to the last 6 months. 

Since we’re writing today’s edition from the Consensus cryptocurrency conference and have had a first-hand view of the enthusiasm around the space here, we feel compelled to touch on CME’s cryto futures markets, which remain volatile.  After declining yesterday, Bitcoin futures rallied today by about 3.25% and are trading back near 70,000.  Similarly, Ether futures prices were higher today and are trading back above 3,800.  Implied volatility in the options of both cryptocurrency futures products has fallen recently, though in the Ether options, it remains above the 6-month average.  

Today's Future Price Action

Traders Resources

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