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Category Archives: Options

Options news updates from John Lothian News.

The Crowded Short Vol Trade; Earnings drive swings; Monthly volumes Standard

Observations & Insight Cboe Throws Launch Date Punch at Crosstown Rival CME Spencer Doar – JLN Aren’t people supposed be getting into holiday mode? Isn’t December supposed to be slow, with nothing but junior staff running around trying not to mess things up? In the cryptocurrency space, that’s clearly not the case. The CFTC on Friday said CME Group and Cboe Global Markets were okay to launch their respective bitcoin futures products through the self-certification process. CME quickly announced it would launch bitcoin futures on December 18, and then Monday morning, Cboe announced a December 10 launch date and free…

Cboe Plans December 10 Launch of Bitcoin Futures Trading; VIX Options Set New Daily Volume Record on Friday, December 1 Standard

Lead Stories Cboe Plans December 10 Launch of Bitcoin Futures Trading Cboe Cboe Global Markets, Inc., one of the world’s largest exchange holding companies, today announced that Cboe Futures Exchange (CFE), plans to offer trading in bitcoin futures beginning at 5:00 p.m. CT on Sunday, December 10, 2017, at the start of Global Trading Hours. Monday, December 11, will be the first full day of trading, and trading will be free1 through December. /goo.gl/QmQvjD ****SD: From Bloomberg – Cboe Says It Will Start Bitcoin Futures Trading on Dec. 10, Giving it a Week of Exclusivity VIX Options Set New Daily…

Bitcoin certifications; Least Volatilite Year Ever?; Interactive Brokers customers file complaint Standard

Observations & Insight Putting on My Broker Hat About Bitcoin John J. Lothian – JLN Everyone is asking about bitcoin. A journalist called and asked to interview me. A magazine called and asked me to write something. A brokerage firm chief risk manager called to ask me my opinion about bitcoin and bitcoin futures. Two weeks ago, a former employer I have not seen in 10 years called me out in Coindesk.com for my bitcoin qualms. At the dinner table my son Robby opened up about owning not just bitcoin, but bitcoin cash, ether and monero. This is a full-fledged…

VIX-Yield Curve – At the Door of High Volatility?; Limits of Pound Gains; Sector correlations Standard

Observations & Insight What Organizations Need to Know about Risk Culture Audits John Fennell – Risk Management Monitor Today’s risks require more proactive oversight by boards of directors on the issue of risk management. Transitioning to this approach is easier said than done, however. The trouble is that many organizations are weighed down by antiquated risk management frameworks that prevent them from being proactive. Even today, how financial services and other industries address risk is deeply ingrained in organizations’ character, requiring a broader change which extends beyond simply implementing new risk management frameworks. bit.ly/2BuLlVD ++++++ U.S. Securities Markets Coalition Opposes…

Bond wolves; Hedging for the shale boom; Jump Trading shakeup; More BTC Standard

Observations & Insight Jim Kharouf Resigns as CEO of John J. Lothian & Company, Inc.; Will Continue Work with Company in Freelance Role Jim Kharouf is stepping down as CEO of John J. Lothian & Company, Inc. at the end of the year after having assumed the role on January 1, 2017. Kharouf is leaving the company as an employee, but will continue to work with John Lothian News and John Lothian Productions as an independent contributor. He will also be exploring his own bespoke initiatives, including in the Fintech sector. Despite accomplishing much during his tenure at the company…

Short-VIX Trade Shows Few Signs of Fading; More BTC; Sleepy Oil; Markets Numb to Risk Standard

Observations & Insight Bitcoin stirs volatility fears as it heads for $10,000 Hannah Murphy – Financial Times The price of bitcoin soared to record highs on Monday and approached the symbolic $10,000 threshold even as some traditional marketplaces warned they were becoming “uncomfortable” with the volume and volatility of trading in the cryptocurrency. on.ft.com/2BmDb0m ****SD: Some folks must be making that “baby’s first taste of lemon” face. Just two weeks ago – when BTC was trading for less than $8k – LedgerX initiated it’s first long-term bitcoin futures option with a strike of $10,000 (sold/bought for $2,250.25). The contract expires…

‘Stealth hedging’ shows investors not so complacent; Bitcoin’s Trading Star Is Chicago High-Speed Firm Standard

Lead Stories ‘Stealth hedging’ shows investors not so complacent Saqib Iqbal Ahmed – Reuters With the U.S. stock market at a record high and daily stock gyrations near multi-decade lows, some investors have raised concerns about the lack of fear in the market, but U.S. equity options market data suggests investors are far from complacent. bit.ly/2i9NfGv Bitcoin’s Trading Star Is Chicago High-Speed Firm That Nods to the Grateful Dead Alexander Osipovich – WSJ (Subscription) One of Chicago’s largest high-speed traders has taken a central role in the bitcoin market, stepping into the vacuum created by Wall Street’s hesitant response to…

HFTers Jump Into Bitcoin; Oil Volatility; Calm Sterling Standard

Observations & Insight Why ISPs Are About To Spoil Your Thanksgiving Dinners: Food For Thought on Net Neutrality Repeal By Jeff Bergstrom – JLN Yesterday it was announced the F.C.C. plans a net neutrality repeal. This is not a particularly new story. The telecoms have been working towards this for years. But now it seems they are about to achieve their goal and that is not a good thing unless you are a major investor in telecom stocks. It is a truism that the last thing anyone should talk about over Thanksgiving dinner is politics. We all have that crazy uncle…

LedgerX Initiates First Long-Term Bitcoin Option Price at $10,000; Low vol paradox Standard

Observations & Insight FUD on All Sides: In Defense of CME’s Bitcoin Plan William Mallers – Coindesk I’m a member of the Chicago Mercantile Exchange. I’ve also been a bitcoiner since 2013. So, when CME Group announced its intention to launch bitcoin futures in the coming weeks, I thought, “Great! Way to go, CME.” bit.ly/2hSpzG8 ****SD: Pretty much Mallers vs. John Lothian. Go to the comment section for a ton more fireworks. Here’s a Bloomberg piece – A Hacker Warning for Bitcoin – from today in light of the Tether heist. Lead Stories LedgerX Initiates First Long-Term Bitcoin Option Price…