 | | | | | | | | December 23, 2024 | | | |  | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | | EDITOR'S NOTE: JLN Options will not be published the rest of this week. We will be back on Monday, December 30. Have a great holiday! ~JB
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Volatility Insight of the Week: Access global volatility benchmark indices, derived from the world's most actively traded options on futures across asset classes. Track how markets are responding to events as they occur here.
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William M. Farrow III, chairman of Cboe Global Markets, Inc. and a director of WEC Energy Group, Inc. and CoBank, was selected by The National Association of Corporate Directors (NACD) as one of its D100, which recognizes the top 100 corporate directors. Farrow, the former CIO of the CBOT, was nominated for this honor by Cboe, he shared on LinkedIn.
FIA has announced Devexperts as its newest member via a post on LinkedIn. Devexperts specializes in trading software and services for brokerages, wealth management firms, and exchanges across equity, options, futures, forex, and cryptocurrency markets. With over 800 engineers operating from offices in Europe, the US, and Asia, the company's flagship product, DXtrade, serves as a comprehensive multi-asset trading platform for brokers. ~JJL
| | | | | | Lead Stories | | | Options traders grow more bullish on big tech names
Saqib Iqbal Ahmed - Reuters
Trading in a key technology fund's options showed signs of growing bullishness on Monday ahead of earnings reports this week from big names in the sector, including Apple Inc , International Business Machines and Microsoft Corp .
Shares of the Technology Select Sector SPDR exchange traded fund were up 29 cents at $43.73 on Monday, just shy of the all-time high of $43.81 set on May 27.
/jlne.ws/3VSdzUU
Max Pain-Largest Bitcoin Options Expiry in History to Conclude a Volatile Year
Jamie Redman - BitCoin.comNews
In a note sent to Bitcoin.com News, Luuk Strijers, Deribit's CEO disclosed that the put-call ratio for the expiry stands at 0.69, reflecting seven puts for every 10 calls. He noted that December's expiry dwarfs others, with 146,000 contracts outstanding-double the next largest expiry in March 2025, which holds 73,000 contracts.
/jlne.ws/3Duf8SN
Investment Advisers to Supplant Hedge Funds as Top BTC ETF Holders in 2025: CF Benchmarks; Investment advisers, the gatekeepers to retail and high-net-worth capital, are seen overtaking hedge fund managers in owning BTC and ETH ETFs next year.
Omkar Godbole - CoinDesk
Investment advisers will probably overtake hedge funds as the biggest holders of U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) next year, CF Benchmarks said Monday. A total of 11 spot BTC ETFs debuted in the U.S. on Jan. 11, providing a way for investors to gain exposure to the cryptocurrency without personally having to hold and store it. Since their inception, they have accumulated over $36 billion in investor funds.
/jlne.ws/4gQWanx
Questions raised over business model of Goldman's ETF Accelerator; The platform secured its first client last year but the bank is now assessing long-term options
Steve Johnson - Financial Times
Goldman Sachs may have overestimated demand for its exchange traded fund platform and been hindered by its relatively high-cost base, industry figures believe. The bank has said it is assessing options for its ETF Accelerator, with a potential sale believed to be one possibility. Goldman's Accelerator launched in November 2022 and secured its first client in October 2023. It currently hosts 10 ETFs with combined assets of $4.1bn, including four funds operated by GMO and three by Brandes.
/jlne.ws/41IZxc7
Bitcoin Posts First Weekly Decline Since Trump's Election Win; Digital asset fell as central bank pared rate-cut projections; FalconX says looming options expiries may spur more volatility
Suvashree Ghosh - Bloomberg
Bitcoin marked its first weekly decline since Donald Trump's election victory as the Federal Reserve's cautious policy outlook tempered optimism over the president-elect's embrace of the crypto sector.
The largest digital asset was down 9.5% for the seven-day period through 10 a.m. Monday in London. A wider crypto market gauge, encompassing smaller tokens such as Ether and meme-crowd favorite Dogecoin, suffered a sharper decline of about 12%.
/jlne.ws/4gPjEcN
MicroStrategy continues its bitcoin buying spree for the 7th straight week as the crypto dips below $100,000
Matthew Fox - Markets Insider
MicroStrategy continued its bitcoin buying spree for the seventh consecutive week, announcing that it purchased an additional 5,262 bitcoins.
The company sold about $561 million worth of shares in its at-the-market equity offering and then used the proceeds to add to its bitcoin pile, according to a filing made with the Securities and Exchange Commission on Monday.
/jlne.ws/4iRu6T6
| | | | | | Moves | | | The National Futures Association (NFA) is celebrating the retirements of several veteran employees this month, it shared on LinkedIn. In New York, Shuna Awong, Director, and Dahai Yu, Senior Quantitative Specialist, are retiring from the OTC Derivatives department. In Chicago, Joe Taylor, Director of Information Systems, and Kurt Krueger, Director of the Office of Professional Development, are also departing after years of dedicated service. ~JJL
| | | | | | Strategy | | | China's Stock Market Faces Another Year of Turmoil. How to Profit From the Volatility.; More bad news on trade could actually help Chinese stocks, at least in the short run, as it could push the government toward more economic stimulus.
Reshma Kapadia - Barron's
China's economy and markets could be in for another rocky year.
The Asian giant faces the challenges of a possible escalation in the trade war and increased friction with the U.S. While that could mean more volatility, more bad news might end up helping Chinese stocks-at least for a bit.
/jlne.ws/3BGCRi6
| | | | | | Miscellaneous | | | How investments may fare during Trump 2.0 and Fed easing
Saqib Iqbal Ahmed - Reuters
U.S. investors are preparing for a swathe of changes in 2025, from tariffs and deregulation to tax policy, that will ripple through markets as President-elect Donald Trump returns to the White House, putting the focus on whether the U.S. economy can continue to outperform.
The changing of the guard in Washington has big implications for how stocks, bonds and currencies fare in the new year and may require investors to rejig portfolios.
/jlne.ws/4iSJRsM
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| | | Jeff Bergstrom
Editor
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