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Tag Archives: SPY

VIX Manipulation Class Actions Recap; Goldman and Barclays personnel moves Newsletter,Options

Observations & Insight The Options Industry Leader Series 2018 – BOX’s Ed Boyle Brought to you by the OCC In this video from the 36th annual Options Industry Conference (OIC) at Amelia Island, Fla., Ed Boyle, CEO of BOX, talks about constraints placed on the market making community, forward-starting daily options and the impact of the OIC. Watch the video here » ++++++ February 5 and 6 – “When the Wheels Came Off the Bus” Click for larger image It’s VIX expiration day and things don’t seem newsworthy, which is nice. As mentioned last week, we will occasionally be throwing…

Options Market Structure Issues; Timely VIX Hedging; No SPY Alternative for Traders Newsletter,Options

Observations & Insight Turn Yourself In, It’ll Be Easier: Bank Cooperation On Spoofing Charges Saves Millions Jim Kharouf – JLN Over the past several months, there has been a fair amount of talk about the Commodity Futures Trading Commission’s push on the so-called “self-reporting” initiative launched last September and aimed at taking it easier on firms that come forward with wrongdoing. Yesterday’s announced spoofing charges and fines include one of the first such self-reporting cases, with HSBC Securities settling for $1.6 million, Deutsche Bank for $30 million and UBS for $15 million. For the rest of the commentary, click HERE…

Sterling Options Signal More Turmoil; Another Year of Positive Momentum for OCC; Will Donald Trump Break the VIX? Newsletter,Options

Lead Stories Sterling Options Signal More Turmoil David Goodman and Masaki Kondo – Bloomberg Pound slides toward 31-year low after ‘hard Brexit’ report; Supreme court ruling could trigger ‘violent’ rally, BTMU says A measure of anticipated swings for the pound climbed to the highest in three months before U.K. Prime Minister Theresa May’s speech on Brexit plans Tuesday and a court ruling this month on whether the British leader or Parliament carries the power to invoke the exit. jlne.ws/2ixV9s9 ****SD: I found this quote from Mark Carney (link to Reuters article) over the weekend hilarious – “The best I can…

By One Measure, Traders Are the Most Bullish on Stocks Since at Least 1997; CME prepares to close New York options trading floor; Hedging Is an Afterthought for Traders With S&P 500 Near Record Newsletter,Options

Observations & Insight EDITOR’S NOTE: JLN Options is happy to have Henry Schwartz, President of Trade Alert, as a guest editor this week. Complex orders (continued) Henry Schwartz – Trade Alert Yesterday we noted the steady growth option volume coming from complex orders, which now accounts for about 1/3rd of daily flow. Today’s chart shows November volume stats from the largest complex order books, and includes a snapshot of which types of spreads were the most common in yesterday’s session. (Click the image below for a larger display.) As many would expect, simple vertical call and put spreads lead the…

Half Full: Trade Alert’s Schwartz Says Options Industry Has Growth Opportunities Blog,Commentary,Options

Jim Kharouf

Today’s options market is a mixed bag of some strong products gaining traction but, in general,  the industry has slowed dramatically over the past decade. Henry Schwartz, president of Trade Alert, speaking at the 34th Annual Options Industry Conference in Palos Verdes, California on Wednesday, told the audience that options industry volume growth has slowed from 14.7 percent over the past 20 years, to 8.5 percent over the past 10 years, to just 2 percent in the past 2-year period. Schwartz attributed the slowdown over the past couple of years to the continued ripple effect from the 2008 financial crisis,…

JLN Options: No Hedges? No Problem for Stock Traders Used to Resilience; Emerging-Market Stock Volatility Surges Most in 224 Weeks; The January SPY Strikes That Could Pose a Serious Threat Newsletter,Options

Observations & Insight VIX Weekly Futures Prices Rose 42% in First Week of 2016 Matthew Moran, CBOE Options Blog Jan. 10, 2016 – The first week of 2016 was a challenging one for many financial markets worldwide, as (1) It was the worst opening week of the year in history for both the S&P 500 Index (SPX) and the Dow Jones Industrial Average, (2) The Shenzhen Composite Index of Chinese stocks fell 14.2%, (3) Crude oil futures (Feb. WTI) fell 10.5%, and (4) The U.S. dollar posted its biggest weekly loss vs. the yen since August 2013. bit.ly/1ndtRFh ***DA: For…

Better Volatility: Scott Nations and ISE Look to Launch a Better Volatility Contract Interview,Video

There is a regular drum beat in the financial services arena about a “new asset class” or the “next asset class”, many of which really aren’t actually new. In recent years, volatility has checked most, if not all, of the boxes for a new asset class. The space has been dominated by the CBOE Volatility Index, better known as the VIX or “fear gauge.” But now a new volatility instrument has emerged, the VolDex, which teams Chicago-based options index firm NationsShares with the International Securities Exchange (ISE). Scott Nations, president and CIO of NationsShares, says his VolDex index, on which…

JLN Options: Options Week in Review Jan. 31, 2013 Newsletter,Options

The International Securities Exchange renamed its product development group ISE ETF Ventures, to emphasize its expanded efforts in the ETF business, Barron’s reported. The ISE calculates a number of indexes used as the basis for various ETFs, the most widely owned ETF that uses an ISE index being the First Trust  ISE Revere Natural Gas Index Fund (FCG), which manages $422 million. With ISE ETF Ventures, however, ISE is expanding beyond just developing indexes into helping to bring new ETFs to market with capital commitment, business development, and marketing support, according to an ISE press release. New York banks and…

JLN Options: First US ETF celebrates 20th birthday Newsletter,Options

LEAD STORIES First US ETF celebrates 20th birthdayBy Chris FloodThe first US listed exchange traded fund marked its 20th birthday on Tuesday having developed into into a $125bn giant and becoming one of the world’s most widely traded securities over the past two decades.The SPDR S&P 500 ETF, known as SPY, which is managed by State Street Global Advisors, has spearheaded the development of the ETF industry worldwide since its launch in 1993.…SPY also generates a huge volume of turnover in derivatives markets with 585.7m contracts in 2012, around 16 per cent of US equity options volume last year.http://jlne.ws/VnzCgI VIX…