| August 15, 2022 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | |
Registration is open for FIA Expo taking place this 14-15 November at a new location - the Sheraton Grand Riverwalk Chicago. Experience compelling panels that build your knowledge, product demos that deliver innovative solutions, and networking opportunities that celebrate human connections. Whether you're a trader chasing the latest trends affecting the markets, a back office manager seeking ways to increase operational efficiency or a business strategist looking for what's next, you'll find it at Expo. This year, FIA is offering full conference, single day and exhibits plus registration options. Learn more and register by 2 September for the best rates!
Register HERE
| | | | | | Lead Stories | | | Institutional Investors Are Increasingly Using Crypto Options Trading to Hedge Their Bets in Bear Market
Michael Bellusci - Coindesk via Yahoo
In the current bear market, crypto options trading has been a rare bright spot, building momentum even as crypto prices have plunged. A number of crypto exchanges have noted rising trading volume after reaching lows earlier this year. Options strategies have figured prominently among institutional investors and even miners as they try to weather crypto's usual volatility and a downturn that could last for months, or longer, despite recent hopeful macroeconomic signs. More recently, traders have been using the crypto options market to bet on ether (ETH) and hedge positions as the Ethereum blockchain's hotly anticipated Merge approaches. Panama-based derivatives platform Deribit, which is among the world's largest exchanges for crypto options trading volume, told CoinDesk demand is surging ahead of the Merge.
/yhoo.it/3SOFwtD
Meme-Stock Investors Are Back! Sort of, Anyway; Individual investors are back to scooping up stocks, including meme favorites like Bed Bath & Beyond and AMC. Don't expect the frenzy of 2021, though.
Caitlin McCabe - WSJ
Individual investors have waded back into the stock market after laying low through the worst of this year's selloff. But don't call it a comeback yet. So-called retail investors in the last two weeks have ramped up purchases of stocks and bullish call options, helping send meme stocks, such as Bed Bath & Beyond Inc. and AMC Entertainment Holdings Inc., AMC skyrocketing. So far in August, both stocks have logged gains of at least 68%, putting Bed Bath & Beyond on pace for its best month in history.
/jlne.ws/3ApwGLX
JPMorgan's Income ETF Sees $266 Million Exit After 87 Straight Inflows; Income ETF sees record outflow as risk appetite rebounds; JEPI has hauled over $6 billion in 2022 in income boom
Emily Graffeo - Bloomberg
A revival of risk appetite has halted a lengthy streak of cash flowing into one of JPMorgan's largest exchange-traded funds.
After gulping in money for 87 straight trading sessions, the JPMorgan Equity Premium Income ETF (ticker JEPI) suffered a record $266 million outflow last week. The move slashed the fund's assets by 2.2% to $12.1 billion, according to data compiled by Bloomberg.
The outflow is a rare divergence from the fund's activity for most of 2022, as volatility in stocks and bonds pushed investors toward ETFs that somewhat guarantee a stable income. Although slipping Monday, stocks are off their June lows, and may have some investors ditching income strategies for more risky bets like meme stocks and options.
/jlne.ws/3zVkuRz
| | | | | | Exchanges | | | MIAX Exchange Group - Options Markets - Delisting of Radius Health, Inc. (RDUS)
MIAX
Radius Health, Inc. (RDUS) will be de-listed from the MIAX Options Exchange, MIAX Pearl Options Exchange and MIAX Emerald Options Exchange effective on Tuesday, August 16, 2022. All GTC orders resting on the MIAX order books in RDUS will be canceled at the close of business on Monday, August 15, 2022.
/jlne.ws/3wWeXsv
| | | | | | Moves | | | People moves: BNP Paribas reshuffle, Tradeweb gains Pluta, and more Latest job changes across the industry
Natasha Rega-Jones - Risk.net
BNP Paribas has appointed Joe Squires to the newly created role of head of developed markets rates institutional sales for the Americas - creating a minor reshuffle of roles. Squires joined the French bank in 2009 as head of UK interest rate sales and co-head of interest rate sales for Europe, before being promoted to head of institutional G10 rates sales for Europe in 2015. For the past two years, he has been co-head of G10 rates for Europe, the Middle East and Africa and global head of G10 rates sales - having previously served as deputy head of G10 rates for EMEA between 2018 and 2020. In his new role, he will be based in New York and report to Heather Orrico, acting Americas head of global macro.
/jlne.ws/3pl2mvx
| | | | | | Strategy | | | Fundamentals, Technicals, And Tactics For An Ugly Market
Michael Gettings - Seeking Alpha
This article will be divided into three sections: Fundamentals, Technicals, and Tactics. In the section on tactics, it will explore a simple structure of partial covered calls with SPXL, a leveraged S&P ETF, to show how options protection can enable large gains with relative safety. And since some like to keep it simple, we'll also look at how a simple SPY investment would have produced gains in this miserable 2022 market.
/jlne.ws/3SVHuIH
Shopping For A Rally
JJ Kinahan, Senior Contributor - Forbes
After four consecutive winning weeks, stocks are trading lower in premarket following disappointing news out of China. Retail sales, investment and industrial output were all weaker than expected; however, it's worth noting stringent lockdowns in China to combat Covid may have contributed to the disappointing number. Along with equities, commodities are also down premarket with oil leading the way, off by nearly 5%. While the drop in commodities may potentially bode well for inflation, we'll have to first see if this is a temporary drop or longer trend.
/jlne.ws/3w5Rbuk
| | | | | | Miscellaneous | | | Former co-CEO of Deutsche Bank, Anshu Jain passes away at 59
India New England News
Mumbai - An investment banker and former chief executive officer of Deutsche Bank, Anshu Jain, passed away on August 13. He was 59-year-old.
"It is with great sadness that we learned of the passing of Sh. Anshu Jain this morning. Mr. Jain was a crucial supporter of @watch_tiger and numerous other #wildlifeconservation interventions across #India. We have lost a dear friend and India's wildlife an ardent champion," said Tiger Watch, the wildlife conservation group which was closely working with Jain, in a statement.
/jlne.ws/3C4jM7j
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