| September 19, 2022 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Lead Stories | | | Cboe to Further Expand S&P 500 Index Options Suite with New and Additional Daily Expirations
Cboe Global Markets
Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced the continued expansion of its S&P 500 Index (SPX) options suite with additional expirations for SPX Weeklys Tuesday and Thursday options, beginning September 19 and September 28, respectively. Total volume in SPX Tuesday and Thursday options have surpassed 44 million contracts[1] since their launch in second-quarter 2022, reflecting strong customer interest and trading activity. The additional expirations for SPX Tuesday and Thursday options will align with the number of expirations currently available for SPX Monday and Wednesday options, and meet growing customer demand for Cboe's SPX offerings.
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CME Group Announces Launch of Event Contracts for Trading Global Benchmark Products
CME Group
CME Group, the world's leading derivatives marketplace, today announced the launch of event contracts.
"We continue to see increasing demand from retail investors looking for less-complex ways to gain exposure to and participate in CME Group benchmark products - some of the world's most widely quoted futures markets," said Tim McCourt, Global Head of Equity and FX Products at CME Group. "Our event contracts will provide market users with innovative, lower-cost ways to trade across oil, gold, equity indices and foreign currencies."
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Fed Week Looms Over Market
JJ Kinahan - Forbes
For the first time since July, the FOMC will formally meet this week where they are expected to raise interest rates another 0.75 basis points to 3.25%. Back in both June and July, the Fed raised rates by the same amount at each meeting and this would mark the third consecutive three-quarter point hike. Central banks around the world have also been raising rates this year. In fact, 90 other central banks have increased rates with approximately half of them doing so with at least one 0.75 basis point hike. Put differently, the global effort to tame inflation is in full effect.
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US lawmakers' stock market trades targeted by ETFs
Steve Johnson - Financial Times
Most Americans believe politicians have an "unfair" edge in stock market trading and should be banned from buying and selling equities.
While they have not got their way on the latter, Joe Public will at least be able to piggyback on the former, if two proposed exchange traded funds are approved by the US regulator.
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S&P 500 Weakness Passes Ominous Milestone for Chart Watchers
Vildana Hajric - Bloomberg
In a sign of how severe the market beatdown has been, the S&P 500 has been trading below a key technical level for the longest stretch since the global financial crisis.
The S&P 500's long-term trend has turned "sharply lower recently," and the index has closed below its 200-day moving average for 110 trading sessions, the longest streak since the bear markets of 2008-2009 and 2000-2002, according to Bespoke Investment Group.
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Wall Street flat but trading choppy ahead of Fed rate meet
Devik Jain and David French - Reuters
Wall Street's main indexes were flat in the early afternoon on Monday amid choppy trading, bouncing around as investors waited to see how aggressive the Federal Reserve would be this week with its interest rate hike.
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Stock Market Swings Recall Mid-2020 Volatility
Eric Wallerstein - WSJ
The stock market has become increasingly jittery as traders await more clarity on the pace and direction of inflation and the impact Federal Reserve tightening will have on the economy.
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| | | | | | Exchanges | | | OBTV-MIAX-What Options Do You Have When It Comes to Volatility?
MIAX - YouTube
The MIAX's Shelly Brown talks with Lex about all things options. He shares his expertise on the markets and the innovative MIAX with its new SPIKES product. SPIKES is a new volatility product that is based on the $SPY.
/jlne.ws/3LnS8or
CME Group FX Futures and Options Reach New Volume and Open Interest Records
CME Group
CME Group, the world's leading derivatives marketplace, today announced its foreign exchange futures and options reached a new single-day volume record of 3 million contracts on Sept. 14, 2022. This was the first time CME Group FX futures and options traded more than 3 million contracts in a single day and was 7% higher than the previous record of 2.8 million contracts set on Dec. 3, 2020.
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| | | | | | Regulation & Enforcement | | | Federal Court Orders Defendants to Pay More than $6.6 Million for Defrauding Binary Options Pool Participants
CFTC
The Commodity Futures Trading Commission announced that on August 29, the U.S. District Court for the Northern District of Illinois entered a judgment against William Thomas Caniff, a resident of Ohio, and his company, Berkley Capital Management, LLC (BCM), a Wyoming limited liability company with offices in Ohio, and two investment pools that BCM operated as Delaware limited partnerships with offices in Wintersville, Ohio, BBOT 1, LP (BBOT) and Berkley II, LP (Berkley II).
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| | | | | | Strategy | | | Why stock-market bears are eyeing June lows after S&P 500 falls back below 3,900
William Watts - MarketWatch
There's something special about the 3,900 level and the S&P 500.
The index finished Friday below a crucial chart support level that's served as a battleground in recent years, leading technical analysts to warn of a potential test of the stock market's June lows.
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| | | | | | Education | | | The Options Industry Council (OIC) Celebrates 30 Years of Options Education
OIC
OCC , the world's largest equity derivatives clearing organization, is committed to providing education to investors about the prudent use of listed options. One way OCC supports this part of its mission is through The Options Industry Council (OIC)SM.
"Throughout the years, OCC has been committed to providing options education to market participants and the investing public through the services of OIC," says Julie Bauer, Chief External Relations Officer, OCC.
In 2022, OIC is excited to celebrate an important milestone - 30 years since it was founded by OCC and the U.S. options exchanges. Since its inception in 1992, OIC has continuously evolved its free educational offerings to support investors in their understanding of the benefits and risks of trading options. Today, OIC delivers its educational content through its comprehensive website, OptionsEducation.org, that features courses, webinars, podcasts, trading tools, and videos. In addition, dedicated OCC Investor Education staff deliver live online sessions for all types of investors, along with attending conferences and events around the nation to provide insight on the mechanics of options.
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Understanding Index Options
Steve Sosnick - Traders' Insight
When you do something for a long time, you sometimes fail to appreciate some of its subtleties. One of those subtleties that I have overlooked is the distinction between index options and equity/ETF options. There are key differences, some of which become especially critical as we approach monthly and quarterly expirations. With a quarterly expiration tomorrow, it seems like a particularly opportune time to discuss them. Even if you don't trade index options, or even options whatsoever, it is important to understand how expiring index options can create a sort of magnetism around major expirations, attracting or repelling as major indices approach key levels.
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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
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| | | Jeff Bergstrom
Editor
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