At-a-Glance

Key Takeaways with Craig

Both US Equity Index prices and Treasury Yields were little changed to begin the week.  In fact, the day’s trading range in CME’s 2-Year Treasury yield futures contract was less than two basis points and the range in the 10-Year was just over 5.  Despite the narrow trading range though, CVOL ticked up in the Treasury options markets. 

Commodity markets at CME saw a little more price action however, as Ag, Energy and Metals markets were mostly lower on the day (Natural Gas futures being an exception).  Specifically, we saw the approximate net price changes on the day:

  • Corn: -3.89%
  • Soybeans: -2.7%
  • Wheat: -3.4%
  • WTI Crude Oil:  -1.1%
  • Gold: -1.3%
  • Silver: -2%
  • Platinum: -3%

Thursday brings us the latest reading on domestic inflation with the release of the CPI number scheduled for 7:30 AM Central time.  The QuikStrike graph below shows E-mini Nasdaq-100 volatility curve currently (blue line) and as of Friday’s close (orange line).  As you can see, implied volatility traded higher today than Friday’s close, but also, that the market is placing a premium on the options that expire Thursday, after the CPI release.  

Today's Future Price Action

Traders Resources

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