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JLN Options
October 02, 2023  
 
Jeff Bergstrom
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Observations & Insight
 


Intro to the Collar Strategy; Doug Ashburn, Executive Editor at Britannica Money, Discusses the Different Components of a Collar and Its Use in the Options Industry
JohnLothianNews.com

Intro to the Collar Strategy; Doug Ashburn, Executive Editor at Britannica Money, Discusses the Different Components of a Collar and Its Use in the Options Industry In this Options Discovery full interview, Asma Awass sits down with Doug Ashburn, executive editor at Britannica Money. Asma and Doug discuss Doug's career, the basics of a collar, when a collar is used, different versions of the strategy, and more. To learn more about an options collar, check out Doug Ashburn's article here: https://www.britannica.com/money/option-collar-strategy

Watch the video »

 
 
Lead Stories
 
Trade in 'fear gauge' at high as investors hedge amid fragile markets; Vix trading is headed for a record amid uncertainty over rally and the impact of rising rates on economic growth
Nicholas Megaw - Financial Times
Trading in options tied to the Vix volatility index - popularly known as Wall Street's "fear gauge" - is on course to hit a record volume this year, as cautious investors look to protect themselves from the risk of a sudden stock market reversal. So far this year, investors have traded an average of 742,000 options tied to the Vix each day, according to exchange operator Cboe, up more than 40 per cent year on year and above the full-year record of 723,000 set in 2017.
/jlne.ws/45b29xn

Asset Management: The hedge fund bet that's scaring regulators
Harriet Agnew - Financial Times
Inside the 'basis trade' on the Treasuries market
Over the past month, the Bank for International Settlements, a convening body for the world's central banks, and US Federal Reserve researchers have pointed to a rapid build-up in hedge fund bets in the $25tn US government bond market.
/jlne.ws/3Q0KZOQ

Cboe reports +10% increase in monthly FX volumes
Abdelaziz Fathi - FinanceFeeds
Cboe's institutional spot FX platform today announced its trading volume for the month ending September 2023, which showed resurgence in activity following two consecutive months of reduced trading volumes.
/jlne.ws/46dRAeq

Bitcoin Touches Six-Week High; Ether Futures ETFs Begin Trading
Suvashree Ghosh - Bloomberg
Bitcoin touched a six-week high before paring gains, while the first-ever US exchange-traded funds based on Ether futures began to trade.
Smaller peers including Ether, Litecoin and Solana were also initially higher before turning negative. The volatility comes as traders await the trial of Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, which is scheduled to begin Tuesday.
/jlne.ws/3LK2gJm

 
 
Exchanges
 
From Encore to Ovation
OCC
Before OCC launches its forthcoming clearing platform Ovation in the cloud, industry-wide testing will take place with all of OCC's clearing members and participant exchanges. OCC's Mike Hansen, Chief Clearing and Settlement Services Officer, and Karen Glad, Executive Director, Technical Certification & Documentation Services, spoke with Global Investor to discuss how testing will take place and who will be impacted.
/jlne.ws/3PZgdFM

The OCC Internship Experience
OCC (Video)
At OCC, we believe in empowering interns to make a real impact, acquire valuable skills, and build connections within the industry. Don't miss this video where a few of our interns share their firsthand experiences of their time at OCC.
/jlne.ws/3LJHb1I

Building the foundations for successful derivatives markets
FIA
Opening remarks of Walt Lukken, President and CEO of FIA, at its Expo conference in Chicago on October 2, 2023.
Welcome to Expo, and welcome to the Sheraton Grand Chicago Riverwalk. Rolls right off the tongue!
There is so much about the city of Chicago that I love. It's a city of hard-scrabbled individuals who work hard and play hard.
It's a city of risk takers and innovators who aren't afraid to break glass. And there are examples of this everywhere.
/jlne.ws/48FA3NV

ICE Completes First Delivery of London Cocoa Using Fully Electronic Warehouse Warrants Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, and home to the largest soft commodity futures and options markets in the world, today announced the successful delivery of London Cocoa using fully electronic warehouse warrants, replacing for the first time the paper-based systems historically used by customers in the delivery process.
/jlne.ws/3LLFroC

 
 
Strategy
 
Hedge Funds Haven't Made a Bet This Big in 5 Years
Todd Salamone - Schaeffer's Investment Research
The hedge fund world is at a multi-year extreme in betting against the 10-year note
/jlne.ws/3ZCji1W

 
 
Miscellaneous
 
US hedge fund provides record loan for environmental lawsuits; Gramercy's $552.5mn funding will support pollution cases against BHP and Vale, and 14 carmakers over 'dieselgate'
Brooke Masters - Financial Times
US hedge fund Gramercy has struck one of the largest ever litigation funding deals to back separate trials starting next year in mass environmental claims against miners BHP and Vale and 14 global carmakers. The $552.5mn funding is in the form of a secured loan to law firm Pogust Goodhead, and is the largest ever to a UK law firm in the nearly $16bn litigation funding market.
/jlne.ws/3LJm9jH

Young Wall Street Executives Reveal Their Career Mistakes and Lessons
Alex Morrell, Alex Nicoll, Bianca Chan, Dakin Campbell, Daniel Geiger, Emmalyse Brownstein, Hayley Cuccinello, Rebecca Ungarino, William Edwards, and Bradley Saacks - Business Insider
Making mistakes doesn't feel great, but they can provide some lessons you might not have learned otherwise.
We asked this year's rising stars of Wall Street to open up about the biggest missteps of their careers so far and what they took away from them. Some shared their rookie errors — like slamming their laptop shut after forgetting to save their first big pitch deck or duplicating a trade — while others gave more reflective answers about how early career mistakes impacted their paths.
/jlne.ws/46grKX6
 
 
 
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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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John Lothian News Editorial Staff:
 
John Lothian
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Sarah Rudolph
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Jeff Bergstrom
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