| | | | | | | | December 16, 2024 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | |
Access global volatility benchmark indices, derived from the world's most actively traded options on futures across asset classes. Explore CVOL, the global volatility benchmark index here. | | | | | | Lead Stories | | | BlackRock Bitcoin ETF Put Options at $30, $35 Price Levels See Volume Spike
CoinDesk via Business Insider
Surging volumes in put options linked to BlackRock's Nasdaq-listed spot bitcoin ETF (IBIT) could be interpreted as bearish sentiment. That's not necessarily the case.
On Friday, more than 13,000 contracts of the $30 out-of-the-money (OTM) put option expiring May 16 changed hands as the ETF rose 1.7% to $57.91, according to data from Amberdata. Volume in the $35 put option expiring Jan. 16, 2026, topped 10,000 contracts.
/jlne.ws/3ZTIXVs
Wall Street Eyes 2025 Volatility Spikes on Trump Tariffs, Geopolitics
Christian Dass and David Marino - Bloomberg
Investors anticipating another calm year in 2025 should be on guard for more shocks like the one seen in August as uncertainty around Donald Trump's tax and tariff policies threaten to roil markets. Strategists at Bank of America Corp., JPMorgan Chase & Co. and Spain's Banco Bilbao Vizcaya Argentaria SA expect the continued flow of option selling to generally keep a lid on volatility, with JPMorgan seeing the Cboe Volatility Index averaging around 16, compared with around 15.5 across 2024.
/jlne.ws/3ZTAxNX
Crypto, Stocks, and Wacky ETFs Are Going Wild. Will Things End Well?
Randall W. Forsyth - Barron's
Vindication-that's what stock market bulls are feeling, especially since Donald Trump's election victory. It's readily visible in major stock-market indexes passing round-number mileposts, such as the Nasdaq Composite index topping 20,000 this past week, and, perhaps even more extreme, with Bitcoin back over $100,000. So says Peter Atwater, who pens the Financial Insyghts newsletter and is an adjunct professor of economics at the College of William and Mary. He's a keen observer of how investor confidence drives prices, often beyond what supposedly rational actors in perfectly efficient markets would do.
/jlne.ws/4gE8veH
ETF savings plans look set to take Europe by storm; A monthly regular ETF investment habit that started in Germany is catching on across the continent
Emma Boyde - Financial Times
A revolution in the way people invest is starting to spread through Europe, sparking widespread adoption of exchange traded funds by retail investors, industry observers and research analysts say. The agent of change is the modest-sounding regular monthly savings, or investment plan, which has been credited with a surge in retail adoption of ETFs in Germany. Now industry observers say the concept appears to be beginning to take off in other European countries, including the UK.
/jlne.ws/3Pj3xJ3
Hedge Funds' Big Bets on European Gas Risk Triggering Slump
Priscila Azevedo Rocha - Bloomberg
Hedge funds piled into Europe's gas market in the aftermath of the energy crisis, drawn to the intense price volatility. Their clout has grown so big that it now risks triggering a slump. Funds including Izzy Englander's Millennium Management, Ken Griffin's Citadel and Balyasny Asset Management have beefed up hiring and collectively raked in billions through their commodities businesses in recent years. Overall, the sector is heading toward the end of 2024 loaded with record volumes of long positions - effectively a bet that prices will rise.
/jlne.ws/41AWp1G
| | | | | | Strategy | | | The S&P-500 Index Skew Steepens on Defensive Year-End Flows
Ed Tom - Cboe
Interest rate volatility led the across-the-board advance in cross-asset volatilities last week driven by the increase in the PPI for the 2nd consecutive month (PPI=0.4% vs 0.2% consensus). Despite indications of lingering inflation, Fed Fund futures are pricing in a steadily higher chance of a rate cut (93% now vs 87% last week and 62% 2 weeks ago). Crypto demand continues unabated with the 10 largest Bitcoin ETF holdings within the Cboe CBTX recording its 12th consecutive inflow totaling $18B. As the alt-asset forges ahead into uncharted territory, options sentiment remains bullish with CBTX call open interest outpacing puts by 2:1.
/jlne.ws/3ZEGjSb
From $45,000 to $500,000, here's the bull and bear case for bitcoin in 2025
Matthew Fox - Markets Insider
Bitcoin has been on a tear in 2024, surging 145% year-to-date and breaching the psychological $106,000 in recent days.
The volatile cryptocurrency has been a polarizing asset, but with an incoming Trump administration, combined with the launch of bitcoin ETFs earlier this year, it seems more and more investors are starting to embrace bitcoin.
/jlne.ws/4fgVnvf
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