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April 16, 2021  
 
Matt Raebel
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Institutions Build Presence In Cannabis Investments
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John Lothian News talks to Nasdaq IR Intelligence analyst Saleem Daya about the evolving cannabis stock sector, including a steady pick up in institutional interest as the year 2021 unfolds.

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Lead Stories
 
Day Trader Fever Ticking Back Up in Latest Show of Retail Pluck
Lu Wang and Vildana Hajric - Bloomberg
Stock buying sits at high end of one-year range: JPMorgan; Options trading has bounced back following a dip in March
They're back. Or rather, they never went away. In a market where stock indexes hit record highs almost every other day, a new report from JPMorgan Chase & Co. finds that do-it-yourself investors are jumping back in. Strategists including Peng Cheng studied recent equity and option transactions from retail investors and concluded these prominent players in the yearlong bull market are once again ratcheting up their wagers.
/bloom.bg/2Qztucc

JPMorgan Sells an Exotic Quant Trade Chasing Stock-Market Whales
Yakob Peterseil - Bloomberg
JPMorgan Chase & Co. is tapping into retail demand for trend-following by giving rich investors access to a kind of complex stock strategy that's usually reserved for institutional managers.
The New York-based bank has issued $15 million of structured notes that give investors a way to surf S&P 500 trading patterns caused by market whales including options dealers and pension funds.
/bloom.bg/3uVNm8e

JPMorgan Sees 'a Bad Omen' for Chinese Stocks. Here's Why.
Jack Denton - Barron's
Trends in capital flows, the depreciation of the yuan against the dollar, and the underperformance of Chinese equities paint a picture of caution ahead for the Chinese financial market, according to investment bank JPMorgan.
After a prolonged period of inflows into Chinese bonds and equities, there have been recent signs of a slowdown, said analysts led by Nikolaos Panigirtzoglou on Wednesday. This prompts questions about whether Chinese stocks are on track for a crash like the ones seen in 2015 and 2018.
/bit.ly/3tqUwku

Yep, She's Opening Up Option Eyes With NOPE It's Lily
RCM Alternatives
NOPE - we're not just going to be talking to our typical vol guest. NOPE - we're not going over the usual trend following or strategy. NOPE we definitely (did) find today's guest off of VolTwit. @nope_it's_lily is Head Researcher at Salience Capital and the creator of NOPE (Net Options Pricing Effect) a proprietary metric used to measure the notional impact of options hedging on underlying liquidity. In addition to NOPE, we're also talking with Lily about The Bay, PHDs, birth of NOPE from the market crash, Robinhood, GEX and squeezemetrics, bioinformatics and COVID-19, gamma, Salience Capital, and the future use cases for NOPE.
/bit.ly/3glnZIL

 
 
Exchanges and Clearing
 
OCC Elects Executive Chairman, Member and Public Directors at 2021 Stockholder Meeting
OCC
OCC, the world's largest equity derivatives clearing organization, announced the election of three Class II Member Directors and two Class III Public Directors to its Board of Directors. In addition, Mr. Craig S. Donohue was re-elected as Executive Chairman of the Board. The vote took place during OCC's annual stockholder meeting on April 14.
/bit.ly/3smXN2P

Trend towards sustainable investing strengthening derivatives inflows - ESG products hit new trading record in Q1 2021
Eurex
With 562,714 contracts traded, Eurex's ESG products broke a new record in the first quarter of 2021 and continues to be a collective success story. By supporting the global shift towards responsible investing, Eurex has established itself as the leading exchange for local, regional, European and global ESG derivatives. It offers a suite of futures and options for investors looking to gain exposure to indexes that incorporate ESG methodologies such as negative screening or ESG integration. Zubin Ramdarshan, Head of Equity & Index Product Design at Eurex: "As our latest figures show, Eurex maintains a pioneering position in ESG derivatives. With our strong pipeline of new innovative products, we are ready to grow further, and provide our clients with the solutions demanded."
/bit.ly/3mWGHYr

 
 
Technology
 
Lombard Odier bolsters FX trading with smartTrade; The end-to-end liquidity solution by smartTrade will connect Lombard Odier with 130 liquidity providers across FX spot, forwards, swaps, NDFs, options, and precious metals.
Annabel Smith - The Trade
Swiss bank Lombard Odier has teamed up with from smartTrade Technologies to deploy its liquidity platform to boost its FX trading capabilities for clients. Lombard Odier has integrated LiquidityFX, the liquidity aggregation and smart order routing system from smartTrade that will connect the bank with 130 liquidity providers for sourcing liquidity.
/bit.ly/3siL7tO

 
 
Strategy
 
Long Stock vs. Short Put: Trading Lessons From An Engineer | tradeTALK Series
Jermal Chandler - tastytrade
Getting started in trading is never easy, however, regardless of your background you can learn to become an efficient and effective trader. The short put trade might serve as a great starting point. In this TradeTALK, Jermal Chandler explains how he got into self-directed investing, the basics of long stocks and short puts, and how you can decide which strategy is best for your goals.
/bit.ly/3sjgtk4

 
 
Education
 
OIC 2021 Educational Series: Volatility, Covered Calls and Protective Puts
OIC
During the second quarter, The Options Industry Council will present an entirely new series of educational webinars for option investors of all experience levels. The second quarter's offerings will begin with a presentation on volatility analysis, then be followed by deep reviews of the covered call and protective put, two essential strategies in the options universe. For each of our webinars in April, May and June, OIC's educators will share what they learned in their many years of real-world option trading to help you understand the benefits and risks of exchange-listed options. Whether you've never invested with options, or you've used them for years, OIC's live instructor-led presentations can enhance your understanding of key option themes.
/bit.ly/3x2Ne8v

Fundamentals of Futures & Options (also applicable to Series 3 Exam)
IFM
For more than 30 years, IFM has consistently provided learners with a solid foundation and understanding of futures and options markets and trading including terminology, risk management, pricing, and basic trade strategies. This instructor-led virtual course includes lectures from an engaging instructor with real-world expertise and supported by class discussion, practice exercises and educational materials. The course fee includes two must-read industry books - "Futures and Options" and the "Guide to U.S. Futures Regulation."
Dates: May 10, 2021 through May 14, 2021, 12:00 p.m. to 2:00 p.m.
Location: Virtual Live. 2-hour sessions over 5 days.
Early-bird $495
Fee $595
Instructor: Marti Tirinnanzi
Class size registration is limited to approximately 20 participants to promote student participation and interaction.
/bit.ly/3fcGe2D

 
 
Events
 
Clearing 101: Exchanges, Clearinghouses and CCPs
IFM
Join us for a short program (90 minutes each day for 2 days) that explains the multilateral systems that provide the infrastructure for transferring, clearing and settling payments, derivatives and other financial transactions among financial institutions and end users. Following Dodd Frank, clearinghouses became designated as Systemically Important Financial Market Utilities, vital to the operations of the financial markets and subject to heightened regulatory scrutiny. Buyers and sellers in exchange transactions rely on clearinghouses to intermediate transactions and to manage credit risks between trading parties. As such, clearinghouses promote transparency, efficiency, and stability by providing market-based pricing, daily settlement, and ensuring adequate capitalization for markets to function.
/bit.ly/3gimCun

Q1 2021 ETD Volume
FIA
May 5, 2021; 10:00 a.m. to 11 a.m. ET
The webinar will highlight the main trends in trading activity in Q1 2021 in the global exchange-traded derivatives markets, with category and regional breakdowns as well as exchange and contract rankings. The webinar also will feature two guest speakers from UBS discussing the rise of retail participation in the U.S. ETD markets.
/bit.ly/3msVZEj

A New Virtual Experience
OIC
The Options Industry Conference is Going Virtual in 2021. Join OCC and the options exchanges for the 39th annual Options Industry Conference, April 28-29, 2021. While the conference will be held virtually for the first time in its history, the focus will continue to be the key topics facing the options industry today, from the regulatory shifts in the U.S. and Europe to the technological developments that are driving monumental change in markets around the globe.
jlne.ws/2PPGgQh

The Covered Call Options Strategy
OIC
Date: Wednesday, May 12, 2021
Time: 3:30 p.m. CT
Duration: 1 hour
Speakers:
Mark Benzaquen - Principal, Investor Education - OCC
For options investors, the covered call is one of the core strategies for income generation, but there are many details to consider before opening a position. On May 12, join The Options Industry Council's Mark Benzaquen, a former pit broker who now focuses on options education, for a detailed overview of the covered call.
/bit.ly/328tLoZ

 
 
Miscellaneous
 
Most CEOs at S&P 500 companies got paid $13 million or more in 2020, thanks to median pay climbing 15% on stock rises and bonuses
Anna Cooban - Markets Insider
CEOs at more than 300 of the top public companies in the US received median pay of $13.7 million in 2020, up 15% from $12.8 million the year before, according to an analysis by the Wall Street Journal.
Executive pay rose thanks to a revived stock market and changes to compensation structures. Less than 10% of total pay was accounted for by salary for most CEOs, the Journal found. CEOs instead added to their pay from increases in the value of their shareholdings and performance-linked stock awards.
/bit.ly/2OVCqbl

(Podcast) TWIFO 245: Crypto, Equities and Energy - Oh My!
This Week In Futures Options - Options Insider
On this episode, Mark, Sean and Tim discuss: The movers and shakers this week in futures options, top volatility movers, Russell 2000, new Nasdaq weekly options, bitcoin and ether futures, silver, nat gas, and much more.
/bit.ly/3snynCb
 
 
 
JLN Options is sponsored by:
       
OCC OIC Russell Investments
       
TradeAlert Trading Technologies ADM Investor Services    

OCC


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Russell Investments


TradeAlert


Trading Technologies


ADM


OIC



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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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