| October 01, 2021 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | |
ICE FUTURES EUROPE'S STUART WILLIAMS RECAPS IDX UK EXCHANGE LEADER PANEL DISCUSSION
JohnLothianNews.com
Stuart Williams was on the exchange leaders panel for U.K. regulated exchanges at the FIA's IDX 2021 this week, along with London Metal Exchange CEO Matthew Chamberlain and London Stock Exchange Group CEO Murray Roos. John Lothian News caught up with Williams over Zoom after the panel for details on what he and his fellow exchange leaders discussed.
Watch the video »
| | | | | | Lead Stories | | | A Bad Month for Stocks Ends With Few Signs the Drama Is Over
Lu Wang - Bloomberg
The end of the September in the stock market was a time of volatility, accelerated hedging and economic unease. It did not, however, spur an extreme reordering in trader sentiment, and to some of Wall Street's old guard that's worrisome.
While the S&P 500 posted its worst monthly performance since March 2020, there was no sign of the kind of cathartic surrender that contrarians look for in trying to call bottoms.
/bloom.bg/3ipaXKA
Stocks Soured in September, While Inverse And VIX ETFs Scored
Nasdaq
With the last day of September more than halfway over, stock indexes and ETFs have continued to fall as investors prepare to finish a challenging but predictable month.
The Dow Jones Industrial Average shed another 370 points, or over 1%, after climbing at the open. Meanwhile, the S&P 500 fell 0.5%, while the tech-heavy Nasdaq Composite improved almost 0.5%.
/bit.ly/3B0LVbS
Giant S&P 500 Options Trade Made to Guard Against 20% Swoon
Lu Wang - Bloomberg
A trader just established a massive hedging position via options to protect a portfolio of stocks in the event that the S&P 500's losses snowball toward 20% during the fourth quarter.
The trader Thursday morning bought 45,300 put-spread collars -- options cocktails that combine various strike prices in a single strategy -- on the S&P 500 for $94 million. The order involved selling calls with a strike price at 4,505 while buying puts exercising at 4,135 and selling puts at 3,480, which all expire on Dec. 31.
/bloom.bg/3mmU3xw
Meme-stock traders revel in more anti-Citadel and Robinhood drama as old names come back to life
Thornton McEnery - MarketWatch
Retail investors rallying around a bad news cycle for some of their least favorite people also managed to buck the larger indices and put major meme stocks back in the green as September drew to a close.
With hashtags like #KenGriffinLied and #CitadelScandal still dominating retail investment social media, Citadel used its suddenly hyperactive Twitter account to both defend itself and make clear that Robinhood acted alone in restricting access to certain meme stocks at the height of January's short squeeze.
/on.mktw.net/2Y1C477
Opinion: September was a terrible month for stocks. Here's what you can expect in October.
Mark Hulbert
October is typically the U.S. market's most volatile month
October looms large in U.S. stock market lore. Yet there's only one way the month lives up to its outsized reputation: It really is particularly volatile.
Before I summarize the historical data supporting this reputation, let me first dispel two Wall Street stories about October that turn out to be myths.
/on.mktw.net/3FbDg9a
| | | | | | Exchanges | | | Cboe Recovers from Summer Lull, September FX Volume Jumps 18.5%
ADV for the month came in at $34.3 billion, compared to the Q3 ADV of $31.96 billion.
Arnab Shome - Finance Magnates
Cboe FX Markets has published trading statistics for September, reporting a healthy surge of 18.5 percent in spot trading volumes. In absolute terms, the total trading volume for the month came in at $754 billion, which is the highest since March 2021.
/jlne.ws/39T9O9w
Margin Rates Update for Ice Futures U.S. Gas Contracts
ICE Futures U.S.
The Exchange is changing the margin requirements for the Energy Contracts listed below effective from the close of business on Monday, October 4, 2021 and reflected in margin calls made on Tuesday, October 5, 2021. Accordingly, Firms carrying accounts with positions in the following contracts should be collecting margin using the updated ICE Risk Model margin parameters: ⢠ICE Futures US Gas Contracts The updated ICE Risk Model margin parameters can be found at: https://jlne.ws/3D5a8yw
All other ICE Risk Model margin parameters remain unchanged.
/jlne.ws/2Y6grTk
| | | | | | Strategy | | | OB 1034: Selloffs, Silver and the Murder of Crickets
Option Block
Most active indices; Dt soon to be $1.50 tree;
Earnings volatility in bbby, pep, levi;
Unusual options activity in bldp, tril, mtch;
Trading straddles
/jlne.ws/2Wv47vd
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Publisher | | | Sarah Rudolph
Editor-in-Chief
| | | Jeff Bergstrom
Editor
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