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Category Archives: Options

Options news updates from John Lothian News.

Market Makes History; More Bitcoin; Cboe Mini-SPX XSP Options Record Standard

Lead Stories The stock market just made history Akin Oyedele – Business Insider The S&P 500 on Monday broke its previous record of the number of days without a 3% drawdown. As it’s continued to make new highs, it has broken records of other percent-move sizes. These illustrate the rock-bottom volatility that has characterized stocks this year and is showing few signs of rising anytime soon. /goo.gl/arAFs9 ****SD: Feels like it makes history every day now… Bitcoin Meets OTC Derivatives Tod Skarecky – Clarus Financial Technology I attended the FIA event last week in Chicago. Much of the same stuff….

VIX Bits: The Thermometer Isn’t Broken Standard

On the 30th anniversary of the ‘87 market crash last week, Cboe, in collaboration with ProShares, hosted a panel discussion “Current Dynamics of the VIX Market.” There was a lot to glean – from the applications of VIX ETPs to unique characteristics of VIX futures to general perceptions of volatility. Dominic Salvino, Group One’s VIX options specialist, had an analogy for the current low levels of VIX, comparing it to high February temperatures in Chicago. On February 18, the thermometer reached 70 degrees Fahrenheit, only the fourth time that’s happened since 1971. Is that weird? Yes. Is it worth noting?…

Whoah, That was Fast; Cryptocurrencies Move a Step Closer to the Mainstream Standard

Observations & Insight VIX Bits Spencer Doar – JLN On the 30th anniversary of the ’87 market crash last week, Cboe, in collaboration with ProShares, hosted a panel discussion “Current Dynamics of the VIX Market.” There was a lot to glean – from the applications of VIX ETPs to unique characteristics of VIX futures to general perceptions of volatility. Dominic Salvino, Group One’s VIX options specialist, had one of the best analogies for the current low levels of VIX, comparing it to high February temperatures in Chicago. On February 18, the thermometer reached 70 degrees Fahrenheit, only the fourth time…

Exceed targets Cboe in trade secrets case; New options broker Matrix eyes China; Risk Alchemy Standard

Lead Stories Exceed Investments targets Cboe Options Exchange in trade secrets case Maria Nikolova – FinanceFeeds Exceed accuses Cboe Options Exchange of Fraudulent Inducement, Promissory Estoppel, Breach of Contract, Misappropriation of Trade Secrets, and violations of the Federal Defend Trade Secrets Act. bit.ly/2yCxEV3 Derivatives broker Matrix eyes China’s options market Jack Ball – Global Investor Group Matrix in talks with ‘three or four’ Chinese exchanges for options listing – CEO New derivatives broker Matrix is targeting China’s nascent options market, one month after US electronic broker ITG took a minority share in the project. Speaking to FOW, chief executive officer…

Greed, for Lack of a Better Word, Is Taking a Big Hit Today; Federal Reserve’s Moves May Ignite Volatility Standard

Lead Stories Greed, for Lack of a Better Word, Is Taking a Big Hit Today Cormac Mullen – Bloomberg One of the best performing trades this year reversed course Thursday as stocks fell and volatility bounced back. The VelocityShares Daily Inverse VIX Short-Term exchange-traded note, ticker XIV, which lets investors bet on continued low volatility, fell as much as 4.5 percent Thursday, after closing at a record high the day before. jlne.ws/2xQUhkW Federal Reserve’s Moves May Ignite Volatility Wall Street Craves Goldman Sachs (GS) Predicts Bradley Keoun – TheStreet U.S. President Donald Trump’s tweets haven’t done it. North Korean leader…

Adi Agrawal is Optionus Prime Standard

Adi Agrawal is Optionus Prime, the chief transformer of the Options Clearing Corporation. More formally he is not a child’s toy or the star techno-actor of a hit movie series, but rather the Chief Transformation Officer of the OCC. He is the chief transformer in my book. As Optionus Prime, Agrawal has a new role at an organization that is trying to reinvent itself based on the challenges of Dodd-Frank. I had never heard of such a title before, so I sat down with Adi and asked him what it was all about. He was in human form for the…

Derivatives Industry Joins Forces to Launch Futuresfundamentals.org Education Resource Standard

Lead Stories Derivatives Industry Joins Forces to Launch Futuresfundamentals.org Education Resource CME Grouop Today at FIA Expo, the largest gathering of futures market participants in the world, futuresfundamentals.org was launched to provide information and curriculum for learners of all levels to understand the role that derivatives markets play in the global economy and our everyday lives. With initial support from the FIA, CME Group, NFA, the Institute for Financial Markets (IFM) and CME Group Foundation, futuresfundamentals.org will be a leading online resource for derivatives education, providing interactive tools, a trading simulator and curriculum for a wide variety of audiences. jlne.ws/2yx2I8A…

The World’s Largest Oil Hedge Is Complete; Cboe says bye bye to Bats brand Standard

Observations & Insight Deep Dive With JLN: How Can The Financial Industry Draw In The Next Generation Of Talent? JohnLothianNews.com John Lothian News’ CEO Jim Kharouf sat down with Brian Mehta, chief marketing officer at Trading Technologies, and Doug Monieson, partner at Hyde Park Angels, to talk about what will attract the next generation of traders and professionals into this space. From college outreach programs like TT CampusConnect to a variety of new education, training, competitions and platforms that open the world to new traders with new ideas, both see the financial markets as having much to offer. “Getting companies…

The Trouble With Those Can’t-Miss Trades; Short VIX bets hit record high Standard

Lead Stories The Trouble With Those Can’t-Miss Trades; With the VIX skidding lower, shorting the fear gauge seems like a sure thing. As market history shows, that’s an unsettling prospect. Randall W. Forsyth – Barron’s “It’s quiet, too quiet.” That movie cliché hangs over the financial markets these days, as the volatility of virtually everything—stocks, bonds, and currencies—is apparent in its very absence. You might think this placidity is because peace on earth and goodwill toward all had become a year-round reality rather than a wistful holiday wish. Or that our elected officials had taken seriously the people’s business to…