| June 17, 2022 | | | |  | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | | Editor's Note: The JLN Options newsletter will not be published on Monday, June 20 in observance of the Juneteenth holiday.
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Veteran Trader Joe Corona Talks Strategy and Matrix Solutions with JLN at 2022 Options Conference
JohnLothianNews.com
Joe Corona is a veteran trader who serves as the chief strategy officer of brokerage firm Matrix Executions. Corona spoke to JLN at the Options Conference in San Antonio, Texas for the JLN OIC Industry Leader video series. We also interviewed him for the Open Outcry Traders History Project, a video which will be released later.
Watch the video »
| | | | | | Lead Stories | | | U.S. super stock options expiry may bring short market respite
Medha Singh - Reuters
An unusually large quarterly expiration of U.S. stock futures and options on Friday is likely to boost trading volumes and add to volatility, market strategists said, with some even expecting it to trigger a relief rally at the end of a turbulent week.
Friday marks the once-a-quarter, simultaneous expiry of stock options, stock index futures and index option contracts, with investors unwinding old positions and putting on new ones.
/jlne.ws/3zL557K
Wall Street Eyes Rebound Ahead of Quadruple Witching
Emma Duncan - Schaeffer's Investment Research
Futures on the Dow Jones Industrial Average (DJIA) look to be in recovery mode, after the index yesterday slipped below 30,000 for the first time in over a year. Investors are also eyeing a potentially volatile session ahead of this quarter's quadruple witching later today.
/jlne.ws/39wFNjk
Volatility ETFs Jump as Fears of a Recession Sink In
Nasdaq
The CBOE Volatility Index and VIX-related exchange traded funds spiked Thursday as the markets cogitated over the ramifications of the Federal Reserve's latest rate hike and the potential for an economic recession.
The iPath Series B S&P 500 VIX Short Term Futures ETN (NYSEArca: VXX) increased 5.9% and the ProShares VIX Short-Term Futures ETF (NYSEArca: VIXY) advanced 6.4% on Thursday. Meanwhile, the CBOE Volatility Index jumped 11.8%, to around 33.1.
/jlne.ws/3mYdm0x
Wall Street plunges as recession fears grow
Chuck Mikolajczak - Reuters
U.S. stock indexes closed sharply lower on Thursday in a broad sell-off as recession fears grew following moves by central banks around the globe to stamp out rising inflation after the Federal Reserve's largest rate hike since 1994.
The benchmark S&P 500 (.SPX) suffered its sixth decline in seven sessions. Stocks had rallied on Wednesday as the Fed delivered an aggressive 75 basis point rate hike, as expected, to help the index snap its longest daily losing streak since early January.
/jlne.ws/3OjpJA7
Biden says a recession is 'not inevitable,' rejects idea that COVID stimulus caused inflation
MarketWatch
President Joe Biden said Thursday the American people are "really, really down" after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline prices that are slamming family budgets. But he stressed that a recession was "not inevitable" and held out hope of giving the country a greater sense of confidence.
/jlne.ws/3xzufUq
Podcast: Hedge Fund Revenge Arrives With Bear Market Volatility
Michael P. Regan and Vildana Hajric - Bloomberg (Audio)
Anastasia Amoroso, the chief investment strategist at iCapital, joined the latest episode of "What Goes Up" to discuss the market volatility that followed the US Federal Reserve's interest-rate hike and how hedge funds are attracting client interest again after years of languishing in the bull market.
/jlne.ws/3Hxxxff
Crypto Winter is Here: 'There's So Much Fear' as Bitcoin Plunges
Charlie Wells, Misyrlena Egkolfopoulou, and Claire Ballentine - Bloomberg
The "fear of missing out" that characterized so much of the investing landscape over the past two years is disintegrating into another, much simpler emotion: fear itself.
For Nikole Vicente, that meant watching her crypto portfolio plunge about 50% since November, wiping away $30,000.
/jlne.ws/3Qw7o4u
| | | | | | Exchanges | | | Launch of Nikkei 225 micro Futures and Nikkei 225 mini Options
JPX
Osaka Exchange, Inc. (OSE) is glad to announce that in response to strong investor demand, it will be launching Nikkei 225 micro Futures and Nikkei 225 mini Options linked to the Nikkei Stock Average, which is calculated by Nikkei Inc. OSE is aiming to launch these contracts in the second quarter of 2023.
/bit.ly/3zGo17T
Moscow Exchange launches options trading on real estate index and Chinese yuan
MOEX
On June 20, 2022, trading on the derivatives market of the Moscow Exchange will begin trading in two new derivative instruments: options on the real estate index and the Chinese yuan-Russian ruble exchange rate.
/bit.ly/3HyPbPP
Arca Options Deep Feed - Reminder
NYSE
With the migration to NYSE Pillar beginning on July 11, 2022, the Arca Options Deep market data product will now be available for the full order book in each series on a real-time basis rather than at the first three price levels.
/bit.ly/3xyx73U
| | | | | | Regulation & Enforcement | | | SEC looks at stricter rules for index providers
Chris Flood - Financial Times
Wall Street's top watchdog is examining whether to impose stricter rules on providers of financial indices that now guide trillions of dollars of investments globally.
The Securities and Exchange Commission on Wednesday formally requested information from the market on whether to impose tougher standards on companies such as S&P Global, MSCI and FTSE Russell, which are considered data publishers at present.
/jlne.ws/3tAxlGv
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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
Editor-in-Chief
| | | Jeff Bergstrom
Editor
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