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Tag Archives: WTI

China/HKEX battle heats up; ETFs Unlikely to Cause Widespread Mkt Disruption John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The JLN Team was saddened to learn of the passing of FIA employee Bernadette Connolly, who passed away after a long illness. Bernie was loved and very respected, as FIA so appropriately shares in their tribute further down the newsletter.~JJL Thinking about purchasing a foreign car in the United States? You should consider putting the pedal to the metal on that urge as the WSJ reported that U.S. dealers expect an imported vehicle to cost $5,800 more after a 25 percent tariff increase. ~SD For the first time since 2008, 3mo T-bills hit…

Trump-Iran Showdown and Oil Options; Need a CAT “Tsar”; 3% Bond Yields Newsletter,Options

Lead Stories Trump-Iran Countdown Finds Investors More Bearish in Oil Options Todd White and Alex Longley – Bloomberg Volatility has jumped for both bullish and bearish options; Demand for protection against a slump rose in recent days In the hours before President Donald Trump announces to the world whether he pulls the U.S. out of the Iran nuclear agreement, bears are driving the oil options market. /goo.gl/tRJujV ****SD: Sources are reporting he’ll leave the accord. CAT ‘Tsar’ May be Required to Break Gridlock James Rundle – WatersTechnology Regulators may need to step up their efforts to push forward on the…

The Spread – Week of 4/23 to 4/27 Video,video

Who likes TV show theme songs (especially older ones that still live on through syndication)? If you don’t, well, shame on you, but watch this week’s episode of The Spread anyway for some updates on happenings in the options world. The stories referenced can be found below:  -Bloomberg – Options Traders Pile Into $80 Oil Bets as Trump Wild Cards Mount -OCC – A Decade After the Financial Crisis, These Lessons Can’t Be Forgotten -Cboe – Letter from Cboe CEO Ed Tilly and President Chris Concannon regarding VIX activity -Press Release – Matrix Executions Announces the Creation of a High Touch Trading Desk for…

Surge in oil options trading; Belief in cryptocurrencies; FX vol collapsing Newsletter,Options

Lead Stories Oil Options Trading Surges After Funds Buy Into OPEC’s Rebalancing Alex Longley – Bloomberg Brent, WTI option volumes hit multi-month highs on Monday; Funds seen drawn by tightening oil market, Mideast tensions Options trading for crude oil this week jumped to the highest in five months as money managers backed OPEC’s effort to rebalance the oil market and as regional tensions flared in the Middle East. jlne.ws/2AqPTLV ****SD: More on the fund buy in from John Kemp of Reuters, who lays out more on the overall action in the petroleum realm, not just WTI and Brent. Saxo’s Ole…

Uncovering the Secret History of Wall Street’s Largest Oil Trade; Cowen Group to Buy Brokerage Firm Convergex for $116 Million; Hedge funds square up most of their former record bullish position in oil Newsletter,Options

Observations & Insight March Marketshare via OCC ++++++ No Garfield Needed – A Good Case of the Mondays at CME Spencer Doar – JLN Yesterday was the first trading day for CME’s Monday weekly options on the S&P 500 and E-Mini S&P. The launch comes after the success of the Wednesday weeklies that were launched in September 2016 — now some 50-60k of the Wednesday contracts are traded daily. The CME debuted Mondays this month ahead of the French elections after seeing how much trading activity other political events of 2016 caused during off-hours. “What’s interesting is that even though…

Multi-Asset Trading Now in Vogue for the Buy Side?; Exploring the Rare Action in the S&P 500 Put / Call Ratio; Bets surge on WTI playing catch-up with Brent price Newsletter

Observations & Insight EDITOR’S NOTE: JLN Options is happy to have Henry Schwartz, President of Trade Alert, as a guest editor this week. Building Blocks Henry Schwartz – Trade Alert The flip side of smart-routed sweeps we discussed yesterday is high-touch institutional block trading. While fragmentation and automation are primary features of our market at the exchange level, hedge funds and pension managers care very little about maker-taker fee models and rebates – they simply want efficient executions and a smooth trading experience. Today’s chart breaks total single-stock option volume by order size. The top line is 10 lots and…

2016 Exchange CEO Series: Nasdaq Futures’ Magnus Haglind Bullish On Energies video

Nasdaq Futures (NFX) shook up the energy futures space last year with its entry into the energy exchange space in July 2015. Now the company is looking to gain some ground on its established competitors, CME Group and Intercontinental Exchange. With gas oil and natural gas futures now attracting acceptable volumes for NFX, Magnus Haglind, CEO of Nasdaq Futures, Inc. told JLN that the exchange is focusing its attention on Brent, WTI and other energy futures. Beyond that, Haglind said it plans to set its sights on options on those products as well. Haglind said the market is growing, in…