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JLN Options
January 11, 2024  
 
Jeff Bergstrom
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Observations & Insight
 


Term of the Week: Option Style, A Driver for the Value of an Option Contract
JohnLothianNews.com

This video explores the key distinctions between European and American style options and touches on some exotic options like Asian, Bermuda, and Canary styles. Understanding these different styles is crucial for anyone trading or investing in options, as they can significantly impact the value and flexibility of your contracts. Let's dive in and demystify the world of option styles.

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Futures Discovery: Careers in the Futures Industry
JohnLothianNews.com

In episode 4 of Futures Discovery, we're diving into the diverse world of careers within the futures industry. From the fast-paced world of trading to the analytical realms of risk management and technology, there's a multitude of career paths in this dynamic field.

Watch the video »

 
 
Lead Stories
 
Bitcoin ETF Fans Sees Options Trading Approval as Next Hurdle
Carly Wanna - Bloomberg
As the first cryptocurrency exchange-traded funds begin trading, Wall Street is on stand by for the next stage of evolution in digital assets: options.
As the world's largest options exchange, Cboe Global Markets Inc., has already filed for approval to offer options tied to exchange-traded products holding Bitcoin. The derivatives are favored by investment pros — as well as increasingly sophisticated retail investors — as a way to make wagers on future gains or hedge against losses.
/jlne.ws/3HeJzLf

The SEC just approved bitcoin ETFs: Here's how they work and how to start trading
Tessa Campbell - Business Insider
The US Securities and Exchange Commission just greenlit spot bitcoin ETFs. So far it has approved bitcoin ETF proposals as part of its initial announcement. Approved applicants for bitcoin ETFs include Grayscale, Bitwise, BlackRock, Fidelity, Hashdex, BZX, VanExk, WisdomTree, and Franklin.
Applications for bitcoin ETFs first popped up in 2013, but had been repeatedly rejected by the SEC up until now.
/jlne.ws/3NYUHjo

Bitcoin ETFs just won the SEC's approval. Here's everything you need to know about the watchdog's groundbreaking decision.
George Glover - Markets Insider
The US's top financial watchdog on Wednesday approved 11 exchange-traded funds that track the price of bitcoin, meaning it'll now be much easier for mainstream investors to buy the cryptocurrency.
The Securities and Exchange Commission's announcement officially brings big, institutional players such as BlackRock and Fidelity into the digital-asset space for the first time — and bulls hope their spot bitcoin ETFs can help the large-cap token to extend the stellar run it's been on since October. Here's everything you need to know.
/jlne.ws/3Hg3QQM

Why a US bitcoin ETF is a game-changer for crypto
Hannah Lang - Reuters
The U.S. Securities and Exchange Commission (SEC) on Wednesday approved exchange-traded funds (ETFs) that track the price of bitcoin in a game-changer for the cryptocurrency industry which has been trying for more than a decade to launch such a product.
Multiple asset managers have applied for bitcoin ETFs since 2013, but the SEC rejected them on the grounds they would be vulnerable to market manipulation. In August, however, a court found the SEC was wrong to reject Grayscale Investments' bitcoin ETF application, forcing the agency to rethink its stance.
/jlne.ws/3TWfc3P

 
 
Exchanges
 
Miami International Holdings Reports Trading Results for December and Full-Year 2023; MIAX Exchange Group Sets Record Volume and Market Share Levels in Options and Equities Markets
Miami International Holdings
Miami International Holdings, Inc. (MIH) today reported December 2023 and full-year 2023 trading results for its U.S. exchange subsidiaries - MIAX, MIAX Pearl and MIAX Emerald (together, the MIAX Exchange Group), and Minneapolis Grain Exchange (MGEX). December 2023 and Full-year 2023 Trading Volume and Market Share Highlights
/jlne.ws/3HzvLvf

CBOE Approves Bitcoin ETFs To Start Trading, Receives Green Light From The SEC
Harrison Miller - Investor's Business Daily
The Chicago Board Options Exchange on Wednesday approved all six of its prospective bitcoin ETF applicants and announced trading will start on Thursday. The Securities and Exchange Commission confirmed approval of the instruments Wednesday afternoon.
/jlne.ws/47yLncT

Cboe Options Exchange to list options on ETPs holding Bitcoin
Maria Nikolova - FXNewsgroup
Cboe Options Exchange (C1) has submitted an SEC rule filing to permit it to list options on exchange-traded products (ETPs) holding Bitcoin, including those for which SEC approval is expected during the week of January 8, 2024.
/jlne.ws/48R2Pu0

 
 
Strategy
 
Traders pile into bets stocks may fall as inflation data looms
Jamie Chisholm - MarketWatch
Investors piled into bets that stocks may fall as the S&P 500 neared a record high ahead of crucial U.S. inflation data.
The equity put/call ratio on Wednesday spiked to 1.55 from 0.61 the previous session, closing at its highest level in more than 12 months, according to data from the Chicago Board Options Exchange.
/jlne.ws/41Sxq8c

 
 
Miscellaneous
 
Why the Bitcoin ETF Was Such a Long Time Coming
Olga Kharif - Bloomberg
The US Securities and Exchange Commission's decision to approve exchange-traded funds that invest directly in Bitcoin will likely bring a new wave of investors to the oldest and biggest cryptocurrency. ETFs have become an enormously popular way for Americans to invest their money in equities, bonds, commodities, currencies and real estate. Once spot Bitcoin ETFs are available from the likes of Fidelity Investments and the world's biggest asset manager, BlackRock Inc., they're expected to attract people who kept crypto at arm's length until now.
/jlne.ws/47ABJX0
 
 
 
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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.
 
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John Lothian News Editorial Staff:
 
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