| April 18, 2023 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | |
RJO President Dan Staniford talks with John Lothian News about sales, handling volatility, and Johnny O'Brien's induction into the FIA Hall of Fame
JohnLothianNews.com
Dan Staniford, president of R.J. O'Brien & Associates (RJO), talked with John Lothian News at the FIA International Futures Conference in Boca Raton, FL., about sales, risk management, and the culture fit with its newly acquired firm, Lombard Forte.
Watch the video »
| | | | | | Lead Stories | | | Selling Put Options Paying Out Big With S&P 500 Walking Highwire
Lu Wang - Bloomberg
The surprisingly resilient equity market is invigorating a time-honored options strategy, driving it to the best start of a year in two decades.
The Cboe S&P 500 PutWrite Index (ticker PUT), which sells at-the-money bearish options on the benchmark against cash reserves, has climbed in all but one of the past 17 sessions, scoring a win rate not seen in four years. Up more than 7% since January, the strategy has notched a gain bigger than any time since 1999 this far into a year.
/jlne.ws/41Gc1Oa
CME to Add Daily Expirations on Bitcoin and Ether Futures Options Contracts
Helene Braun - CoinDesk
Derivatives marketplace Chicago Mercantile Exchange is adding to its cryptocurrency offerings with daily expirations for bitcoin (BTC) and ether (ETH) futures options contracts, the company said in a press release on Monday. Effective May 22, bitcoin and ether futures options will have expirations Mondays through Fridays. Contracts based on micro-sized bitcoin and ether futures will add Tuesdays and Thursdays as expirations dates to the current slate of Mondays, Wednesdays and Fridays. All of this is in addition to the monthly and quarterly expirations now available.
/jlne.ws/41z4iSa
Stock Market Keeps Going Up, But Skeptics Hold Tight to the Bear Case
Vildana Hajric and Emily Graffeo - Bloomberg
Climbing a wall of worry is one thing. Scaling the towering monolith of skepticism that currently comprises Wall Street's view of markets takes uncommon courage.
The more the S&P 500 goes up â and it's risen 6% in a month â the less people trust it. Hedge funds have been loading up bets against US stocks, with S&P 500 e-mini futures data showing near the most bearish reading since November 2011.
/jlne.ws/3mIeMzM
U.S. debt-ceiling brinkmanship threatens market calm after bout of 'intense volatility' on bank fears
Christine Idzelis - MarketWatch
Equity and bond markets have calmed since last month's regional bank failures sparked contagion fears, but political brinkmanship over the U.S. debt ceiling risks reigniting volatility, warns CreditSights.
"There has been no discernible progress made on a deal, which is likely to result in debt ceiling negotiations coming down to the wire once again," CreditSights analysts led by global head of strategy Winnie Cisar said in a note Monday.
/jlne.ws/3MSeYXW
| | | | | | Exchanges | | | CME Group to Expand Bitcoin and Ether Options Expiries on May 22
CME Group
CME Group, the world's leading derivatives marketplace, today announced plans to expand its suite of cryptocurrency options across its standard- and micro-sized Bitcoin and Ether contracts beginning on May 22, pending regulatory review. With these new contracts, expiries will be available every day of the business week, Monday through Friday.
/jlne.ws/3GTp1Zb
| | | | | | Strategy | | | Tesla's Earnings Will Move the Stock. Options Can Reduce the Risk.
Al Root - Barron's
Earnings from Teslaâthe next report is due on Wednesdayâtend to move the stock big time, so the stakes are high for investors. Stock options can help to take the edge off.
In a Tuesday research report, Susquehanna analyst Christopher Jacobson, detailed how Tesla (ticker: TSLA) stockholders can use a so-called collar strategy to get "low-cost mid-term protection." He recommends buying a put option on Tesla stock with a strike price of $150 that expires in September and selling a call option with a strike price of $240 that expires the same month.
/jlne.ws/3AaaS5P
Behind the Ticker: RiverNorth Patriot ETF
Cboe
/jlne.ws/3ofOntw
| | | | | | Education | | | How to Buy and Sell Bitcoin Options
Alex Lielacher - Investopedia
Bitcoin options are financial derivatives that enable investors to speculate on the price of the digital currency with leverage or hedge their digital asset portfolios. Available on both traditional derivatives exchanges and on crypto trading platforms, Bitcoin options have emerged as a popular investment product among advanced crypto traders.
For individuals looking to trade Bitcoin options, finding the right trading venue that offers ample liquidity and a high level of security is essential. We've compiled the basics every option trader should know, and have structured this guide for trading Bitcoin options so that it should answer the questions most novice option traders have.
/jlne.ws/3oqSMtD
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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. | | | | | | | John Lothian News Editorial Staff: | | | John Lothian
Publisher | | | Sarah Rudolph
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| | | Jeff Bergstrom
Editor
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