| August 23, 2017 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
|
| | | | Lead Stories | | | BOX Trading Floor Launches
PR Newswire
BOX Options Exchange, an innovator in market structure and client services, is pleased to announce the launch of BOX's new trading floor today.
/goo.gl/EkJW7z
Why Options ETFs Are Gaining Traction
Sumit Roy - ETF.com
Options strategies aren't used very often in the exchange-traded fund world. There are only nine ETFs that regularly use options, with total assets under management of a combined $800 millionÂsmall potatoes in the $3 trillion ETF industry.
But that could be changing. Strong inflows into one options-linked ETF this year suggests investors may be taking a closer look at these products as they consider new ways to generate income and hedge against downside risk in a market that is trading at rich valuations.
/goo.gl/Keq6UZ
Barclays: hedge against risk of sell-off in US financials sector
Adam Samson - Financial Times
Barclays is advising clients to hedge against the risk of a decline in US financial stocks given their vulnerability to further setbacks to Donald Trump's pro-growth policy agenda.
on.ft.com/2vfArQ6
Volatility manager Runestone Capital to launch first US fund
Hedgeweek
Volatility management specialist Runestone Capital is to launch its first ever US fund. The systematic strategy buys or sells US equity index volatility on a one-day forward basis based on statistical probabilities.
The strategy allows investors to access pure volatility as an asset class through trading VIX related instruments such as VIX futures, exchange traded notes, and options. Historical returns have been shown to typically be uncorrelated to traditional equities and fixed income since inception in May 2015.
/goo.gl/8W4DXw
****SD: One-day forward basis is the angle on this. And at $500m it's nothing to sniff at in the vol space.
Stock Split Is All But Dead and a New Study Says Save Your Tears
Bloomberg
One minor mystery of the bull market has been the almost complete disappearance of stock splits. New research suggests there's more to it than just passive investors who don't care what a share costs.
A plethora of benefits accrue when equities trade in the three and four digits, says Wolfe Research. High-priced stocks have lower volatility, less short interest and lower transaction costs, the New York-based firm found.
/bloom.bg/2vfXIBk
ETF Flopper: The VIX Goes Low
Crystal Kim - Barron's
As the stock market bounced back, the CBOE Volatility Index, also known as the VIX, retreated.
bit.ly/2wyiekO
$150 Billion: Total Cryptocurrency Market Cap Hits New All-Time High
Coindesk
The combined value of all publicly traded cryptocurrencies has set a new record, surpassing $150 billion for the first time today.
bit.ly/2vfkKbx
Bitcoin Analysts Compete for the Highest Price Forecast
Camila Russo - Bloomberg
Even the skeptics can't avoid weighing in on bitcoin.
It seems like everyone is coming up with a price forecast these days, with some of the biggest banks including Goldman Sachs Group Inc. jumping into the action, while speculators to long-time investors are also making their bets.
/bloom.bg/2vf74gI
| | | | | | Exchanges and Clearing | | | BSE, NSE to give 'do not exercise' option in equity derivatives
LiveMint
New Delhi: Providing more leeway, leading exchanges BSE and the National Stock Exchange (NSE) will provide trading members the option to not exercise certain options contracts in the equity derivatives segment.
The new facility, to be provided on index options and stock options contracts, will begin from 31 August, 2017. The move will help brokers and traders.
bit.ly/2vfgDw8
| | | | | | Technology | | | Nasdaq expands US equity data feeds into UK
Hayley McDowell - The Trade
Nasdaq has made its US equity data feeds available to buy- and sell-side clients in the UK by linking up to a data centre based in London.
bit.ly/2vfycMq
| | | | | | Strategy | | | GOLDMAN SACHS: How to make a killing in the market this September
Joe Ciolli - Business Insider
Earnings season may be winding down, but there's still a proven way to make money trading individual stocks over the next several weeks.
Investors should be keying in on analyst days, which occur frequently in the month of September and offer untapped potential, says Goldman Sachs.
read.bi/2wxQkpc
****SD: Basically Goldman's idea is that buying calls around analyst days is the same idea as looking for upside around earnings.
| | | | | | Events | | | Tools of the Trade: How to Find the Best Options Series for You
OIC
Building upon last week's webinar, this week OIC will present a different approach to selecting an options series and to finding the right strike, month and strategy. OIC will introduce to you three trading technology firms who will demonstrate how each uses their proprietary analytics to guide investors toward choosing the right options series.?
Date: Wednesday, August 23, 2017
Time: 03:30 PM Central Daylight Time
Duration: 1 hour
bit.ly/2nB1MMy
| | | | | | Miscellaneous | | | Trains in Vain: Epic CSX Traffic Jam Snarls Deliveries, From Coal to Fries
Paul Ziobro - WSJ
The freight-train ride from Chicago to Colesburg, Tenn., usually takes a few days. Earlier this month, though, the ride was 18 days, 13 hours and 57 minutes, logs show.
Congestion, delays and erratic service are hitting CSX Corp., one of only two railroad operators that handle nearly all the shipments that move by train east of the Mississippi River. The problems began in May and became much worse this summer, according to customers and weekly performance data reported by the Jacksonville, Fla., company.
on.wsj.com/2wyeJLx
****SD: Thank god the Golden Arches have contingency plans for french fry delivery. For that and more random factoids, read the above article. Very well-paid new CSX CEO E. Hunter Harrison is in the hotseat.
| | | | | | | | | JLN Options is sponsored by: | | | | | | | | | | | | | | | | | | |
|
|
| | | |
| | | | 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 | | | Jim Kharouf
Editor-in-Chief
| | | Sarah Rudolph
Managing Editor
| | | Jeff Bergstrom
Editor
| | | Lysiane Baudu
Editor
| | | Spencer Doar
Editor
| | |
|
|
Disclaimer: All John Lothian Newsletters, JohnLothianNews.com, MarketsWiki.com and MarketsReformWiki.com are products of John Lothian News, a division of John J. Lothian & Company, Inc. The opinions expressed in all John J. Lothian & Company, Inc. publications are strictly those of their respective editors. They are intended solely for informative purposes and are not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade in any commodities or securities herein named. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Security futures are not suitable for all customers. Futures and options trading involve risk. Past results are no indication of future performance. Nothing on any John J. Lothian & Company site should be considered an endorsement by any sponsor of any website or newsletter content.
© 2017 John J. Lothian & Company, Inc. All Rights Reserved. |
|
|
