| August 10, 2021 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | |
Bruce Williams - He Found Love of Open Outcry Trading Through Tennis - Part Two
JohnLothianNews.com
Bruce Williams met Blair Hull when both were on a joint CBOT-CBOE committee for a new equity product where different versions would trade at the exchanges. Williams was in the Major Market Index (MMI) trading pit at the Chicago Board of Trade when Hull came into the trading pit during the 1987 stock market crash and started to buy the market. Williams said Hull had never been in the MMI pit before, but Williams knew better than to fade Hull's buying, Hull being a legendary trader. So Williams bought the market too.
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| | | | | | Lead Stories | | | 2 leading economists used option prices to identify 20 years of stock market bubbles and build a 'bubble riding' trading strategy that beat buying and holding. Here's how it works.
Marley Jay - BusinessInsider
The options market can reveal a lot about the stock market. According to two decorated economics professors, it can not only warn investors about market bubbles, but also illustrate how to use bubbles advantageously.
Dr. Robert Jarrow, a professor of investment management and finance at Cornell University, and Dr. Simon Kwok, a senior lecturer at the School of Economics at the University of Sydney, looked through 20 years of standard options data from the European market from 1996 to 2015 and found that the data could point out market bubbles.
/bit.ly/3CBCl0j
AMD Stock Is on a Tear. Why One Critic Says He Was Wrong.
Max A. Cherney - Barron's
A glance at the stock chart shows Advanced Micro Devices had a less-than-inspired beginning to the year. Shares were nearly flat through the second quarter, leaving investors with not many reasons to be excited about the pricey buy.
But the stock has done an about-face in the past couple of weeks, since the company posted strong earnings on July 27. Shares of Advanced Micro Devices (ticker: AMD) have surged 22%, setting new highs along the way.
/bit.ly/3fLDqsL
Robinhood's growth hinges on loyalty of next-gen traders
Madison Darbyshire - Financial Times
Robinhood has made it big by persuading a new generation of investors to have a go at trading. Now it just has to convince the successful ones to stick around.
The US-based broker listed its shares last month, capitalising on a flood of demand for a commission-free app that made stock trading so easy it has been compared to a game. Last week Robinhood shares soared 50 per cent in a day, a move that evoked volatile "meme stocks" such as GameStop that have been popular among its customers.
/on.ft.com/3jDMwc9
Gold's little flash crash shows symptoms of wider malaise
Clyde Russell - Reuters
Gold suffered something akin to a flash crash in early Asian trade on Monday, and while the volatility was largely a result of thin, holiday-affected trade, the slump underscores the challenges facing the precious metal.
Spot gold dropped as much as 4.4% in a short period when Asian trade started on Monday, falling from its close of $1,762.69 an ounce on Aug. 6 to as low as $1,684.37.
/reut.rs/3AvLrtH
| | | | | | Regulation & Enforcement | | | Cryptocurrencies And The Commodity Futures Trading Commission
JD Supra
As previously discussed, there are quite a few regulatory schemes surrounding Digital Assets and Cryptocurrencies. In addition to the FinCen Rulings, each State has its own regulations. The Internal Revenue Service ("IRS") has its stance on taxation of Digital Assets and Cryptocurrencies, and the Securities and Exchange Commission ("SEC") is also further developing its stance on the industry. Another federal agency with some regulatory oversight of Cryptocurrencies is the Commodity Futures Trading Commission ("CFTC"). This article will provide a brief introduction to the CFTC, its stance on Cryptocurrencies and why it is important to be aware whether you or your business is subject to CFTC regulations.
/bit.ly/3iCQqTs
| | | | | | Strategy | | | Wall Street is starting to worry that the market's best days are behind it (Opinion)
Lu Wang - The Sydney Morning Herald
The relentless rally in US equities has driven bears almost into extinction. But to say bullishness is ubiquitous would be a stretch.
From options trading to stock preferences to the direction of retail money flows, signs of trepidation are budding in a market where $US27 trillion ($37 trillion) has been added to equity values in a little over a year.
A once-abandoned option trade that profits in a go-nowhere market is back in vogue, signalling caution. Funds that employ the strategy are receiving money at the fastest pace in nine years. And while reopening stocks roared ahead on Friday thanks to positive jobs data, the retail-investor crowd have been losing their taste for the trade amid the spread of the Delta virus variant.
/bit.ly/3s500kZ
| | | | | | Education | | | The Differences Between Index Options and Stock Options
Breaking down how the different types of options available
Schaeffer's Digital Content Team
Index options and stock options are quite similar, but there are quite notable differences. For instance, with an index option, traders know for a fact whether the position is long or short the market. On the other hand, traders utilizing stock (or equity) options are not dependent on a full market outlook and are instead focused on predicting the direction of a specific underlying stock or equity.
/bit.ly/3CxVSyJ
| | | | | | Events | | | CME Group Chief Commercial Officer, Global Head of Commodities and Options Products, and Global Head of Financial and OTC Products to Present at UBS Financial Services Virtual Conference
CME Group
CME Group announced today that Julie Winkler, Chief Commercial Officer; Derek Sammann, Global Head of Commodities and Options Products; and Sean Tully, Global Head of Financial and OTC Products, will present at the UBS Financial Services Virtual Conference on Wednesday, August 11, 2021 at 8:00 a.m. (Eastern Time).
/bit.ly/2VFUiKs
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| | | | John Lothian News (JLN) is the news division of John J. Lothian & Company, Inc. (JJLCO). The online media and financial services firm is staffed by derivatives industry, journalism and technology professionals. | | | | | | | John Lothian News Editorial Staff: | | | John Lothian
Publisher | | | Sarah Rudolph
Editor-in-Chief
| | | Jeff Bergstrom
Editor
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