| September 24, 2021 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | | Small Exchange Says It Plans to List Crypto Stock Index Futures Contract
Adds another dimension to the universe of derivatives products circling cryptocurrencies
Suzanne Cosgrove - John Lothian News
The Small Exchange said Thursday it has filed a notice with the Commodity Futures Trading Commission to list a stock index futures contract based on an index of 17 cryptocurrency-related publicly traded companies.
The index, which comprises companies behind various cryptocurrencies, not the cryptocurrencies themselves, includes Advanced Micro Devices (AMD), PayPal (PYPL) and Taiwan Semiconductor Manufacturing Company (TSM), as well as Coinbase Global Inc. (COIN), Riot Blockchain Inc. (RIOT) and Grayscale Bitcoin Trust (GBTC).
To read the rest of this story, go here.
| | | | | | Lead Stories | | | Bitcoin Likely to Rally After September Options Expiry: Deribit Poll
Bitcoin options contracts worth $3.3 billion are set to expire today.
Omkar Godbole - Coindesk
Traders expect bitcoin to rally after Friday's monthly options expiry, a Twitter poll conducted on Thursday by Deribit, the world's largest crypto options exchange, showed.
Nearly 50% of the 517 votes favored "UpOnly", or the cryptocurrency extending its bounce from recent lows near $40,000. Meanwhile 21% voted for "Nuke" - indicating for a price drop.
/bit.ly/3i4jC52
Stock, Currency Volatility in Sync as Fed, China Risk Take Hold
Jill Ward and Vassilis Karamanis - Bloomberg
Volatility in U.S. stocks and major developed currencies is swinging in lockstep by the most in more than a year, as risks from China compete with central banks to drive market moves.
The Cboe Volatility Index, or the VIX, -- a measure of expected swings in U.S. stocks -- climbed this week to the highest in nearly four months. A JPMorgan gauge of one-month implied volatility in Group-of-Seven currencies touched a seven-week high. While both measures have since receded from those peaks, their relationship is the strongest since June 2020.
/bloom.bg/3ER0yAQ
HITE Hedge Fund Bets Oil Just Saw 'Biggest Dead-Cat Bounce'
Frances Schwartzkopff - Bloomberg
When it comes to being skeptical about oil stocks, few are more bearish than James Jampel.
Jampel manages HITE Carbon Offset, a $187 million hedge fund with short-selling fossil-fuel assets as its central focus. The fund returned almost 30% last year when the the S&P 500 Energy Index, which includes Exxon Mobil Corp., Chevron Corp. and ConocoPhillips, dropped 35%. This year, the fund was down about 9% at the end of July, compared with the energy index's 33% increase in the same period.
/bloom.bg/3o5buoD
Investors Bet Environmental Fears Will Crunch Commodity Supply, Lifting Prices
Amrith Ramkumar - WSJ
Investors are ramping up wagers that a global push to lower carbon emissions will hamper commodity production, pushing up prices for everything from natural gas to aluminum.
/on.wsj.com/2ZkAGwW
What September Seasonality Could Mean for the VIX
A transcript of Adam Warner's podcast on the VIX
Patrick Martin, Managing Editor - Schaeffer's Research
September is an alliteration paradise; replete with September scaries, a September selloff, whatever you want to call it, the three major indexes all sport monthly losses of 1% already. Amid this September seasonality, Adam Warner stopped by the Market Mashup podcast to unpack what it means for the Cboe Volatility Index (VIX), how options traders can play seasonal trends, and what volatility could look like heading into 2022.
/bit.ly/3AErCRm
| | | | | | Exchanges | | | SGX named Commodity Exchange of the Year at Energy Risk Awards
SGX
Award comes amid turbulent year for global commodities, marked by intense price volatility across energy, freight and bulk commodities; SGX receives accolade for fourth time, highlighting leadership in innovating and delivering comprehensive risk-management solutions for industry
Singapore Exchange (SGX) has been named "Commodity Exchange of the Year" at the Energy Risk Awards 2021, recognising its leadership in energy risk management across the global commodity supply chain and service to producers, physical and financial traders, as well as consumers.
/bit.ly/3AzrPFv
| | | | | | Regulation & Enforcement | | | FIA contributes comments to UK HM Treasury's Wholesale Markets Review
Futures Industry Association
FIA commented on the HM Treasury's (HMT) Wholesale Markets review as part of the UK government's efforts to establish how UK markets should adapt following the UK's departure from the EU. In the response, FIA noted that resilient and robust markets are of key importance to FIA members, and therefore supports Treasury's stated ambitions for MiFID requirements to remain sound and to ensure continued market integrity in the UK.
/bit.ly/3i2NVZI
| | | | | | Moves | | | Former BofA director joins Broadridge to oversee derivatives clearing product management
New global product manager of derivatives clearing previously spent 30 years at Bank of America.
Annabel Smith - The Trade
A former Bank of America derivatives specialist has joined Broadridge Financial Solutions to head up the product management of its derivatives clearing business globally.
Mike Johnson joins Broadridge after serving at Bank of America for over 30 years, spending half of that tenure in exchange-traded derivatives and 10 years in repo trading.
/bit.ly/3ua7uUH
| | | | | | Strategy | | | Opinion: Put a 'collar' on your stocks to protect yourself from a market correction
Kenneth Roberts - MarketWatch
The S&P 500 is within 3% of a record set in early September, and with the benchmark index doubling since its pandemic low in February 2020, the risk of a correction is growing.
Some investors are wondering what steps they can take to protect their positions and portfolios, without trying to time the market by selling before it drops and buying back in before a recovery is in full swing.
There are ways for investors to hedge their positions and protect their profits. The term "hedging" goes back to medieval times when property owners would plant hedges around their home like a fence for protection.
/on.mktw.net/39xvasM
How Options ETFs Can Be Utilized In An Investment Portfolio (Podcast Transcript)
Paul Kim, CEO of Simplify ETFs discusses the strategy behind options based ETFs.
Seeking Alpha
Podcast Transcript:
Jason Capul: Welcome to Let's talk ETFs. I'm your host Jason Capul, and I've been monitoring the investment space throughout my entire career. Here at Seeking Alpha, I'm an ETF strategist, and my role is to uncover and bring forward news and information to the investor community that is meaningful and actionable. Each week, a different guest and I will take an in-depth look at a particular aspect of the rapidly evolving exchange traded funds space, with a focus on how investors can best utilize ETFs to reach their investment goals.
/bit.ly/3AEFDhP
| | | | | | Miscellaneous | | | Melvin Van Peebles, Filmmaker, Playwright and Options Trader, Dies at 89
While Van Peebles was known for the film 'Sweet Sweetback's Baadasssss Song,' and other films and plays, he also worked as an options trader and wrote a book on the subject
Allison Prang - The Wall Street Journal
Melvin Van Peebles, an independent filmmaker known for the film "Sweet Sweetback's Baadasssss Song," died Tuesday in Manhattan. He was 89.
A statement from film distributor the Criterion Collection and Janus Films made on behalf of Mr. Van Peebles's family confirmed his death. The cause of death wasn't disclosed.
Mr. Van Peebles made other films over his decadeslong career, including "The Story of a Three Day Pass," "Watermelon Man" and "Don't Play Us Cheap," the latter of which was an adaptation of his Broadway musical.
/on.wsj.com/2XYUrtN
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