| October 10, 2023 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | |
Vermiculus CEO Nils-Robert Persson Discusses Company's Current State in FIA EXPO Interview
JohnLothianNews.com
In an exclusive interview with John Lothian News at the FIA's EXPO at the Sheraton Grand Riverwalk hotel in Chicago, Vermiculus CEO Nils-Robert Persson provided insights into the company's current state and direction.
Persson discussed Vermiculus' ongoing projects and completed deals, highlighting the company's ability to serve clients with microservices and customized solutions.
Watch the video »
| | | | | | Lead Stories | | | Wall Street's Famous Fear Gauge (VIX) Is Muted by Options Strategy
Lu Wang - Bloomberg
For two decades, Amy Wu Silverman has tracked fear and greed across Wall Street by keeping a close eye on the twists and turns in the Cboe Volatility Index.
But last year, she spotted something odd: As stocks plunged in the great inflation crisis, the gauge known as the VIX â which reflects how options traders are betting on swings in the S&P 500 â barely budged. In recent weeks, things have got stranger still.
/jlne.ws/3tyZv7p
Smoothing the Options Liquidity Cycle
Phil Mackintosh - Nasdaq
In a recent study, we noticed that options liquidity is concentrated close to expiry as traders close out and roll, instead of taking delivery, on expiring positions. However, for a hedger, that creates problems (as we show in today's charts).
/jlne.ws/48XeaK6
Bank of Israel Interventions Reverse Shekel Selloff; Shekel stabilizing after rout on Monday and Israel stocks gain; Central bank unveiled $45 billion program to limit volatility
Netty Idayu Ismail - Bloomberg
The shekel regained its footing as the central bank dueled short sellers to contain the market fallout from Israel's conflict with militant group Hamas.
/jlne.ws/3Fbuglr
Bitcoin (BTC), Ether (ETH) Options Order Books Signal Calm Amid Mounting Risks
Omkar Godbole - Coindesk
Crypto traders seem unperturbed by the escalating tensions in the Middle East, which threaten to add risks to the already murky global economic outlook.
That's the message from the order flow in the bitcoin (BTC) and ether (ETH) options market, which shows a bias for selling options, a strategy aimed at profiting from low volatility or price turbulence.
/jlne.ws/45pEXM3
Morgan Stanley Sold Option at Heart of Glen Point FX Fraud Case
Chris Dolmetsch - Bloomberg
Morgan Stanley sold and paid out the $20 million option that federal prosecutors allege motivated Glen Point Capital co-founder Neil Phillips to manipulate the foreign exchange market, a case that goes to trial next week in New York. The bank wasn't identified in the indictment or earlier court filings, but its name emerged late last month in a fight over which expert witnesses will be allowed to take the stand at Phillips's trial. The former hedge fund chief is seeking to have an ex-JPMorgan Chase & Co. trader testify for the defense that Morgan Stanley would have been expected to hedge against the option.
/jlne.ws/3Q9zOmL
| | | | | | Exchanges | | | Major Options Exchange to Launch Ripple (XRP) Pairs in January: Details
Dimitar Dzhondzhorov - CryptoPotato
The leading cryptocurrency exchange - Deribit - announced its intentions to launch linear options for Ripple (XRP), Solana (SOL), and Polygon (MATIC). The company used X (Twitter) to disclose its plans as it also vowed to apply for a brokerage license in the European Union (EU).
In a recent interview, Deribit's CCO Luuk Strijers said the upcoming offering will see the light of day in January, describing the European region as "the best environment to launch new products."
/jlne.ws/46lKYKU
| | | | | | Regulation & Enforcement | | | Deutsche Bank's Spanish FX Swap Sales Examined by Regulator
Rodrigo Orihuela and Steven Arons - Bloomberg
Deutsche Bank AG's sales of foreign-exchange derivatives to small companies in Spain are being examined by securities regulator CNMV, adding to scrutiny of the lender over the matter. The focus of the assessment is whether the sales complied with rules that effectively ban marketing complex derivatives to inexperienced buyers, a spokesman for the regulator said. He declined to provide further details on the analysis being undertaken.
/jlne.ws/48XTFNo
SEC Investigates Twitter 2018 Security Lapse Before Musk Took Over
Sabrina Willmer and Jef Feeley - Bloomberg
The Securities and Exchange Commission is investigating how Twitter Inc. managed a 2018 security lapse that exposed personal user information before billionaire Elon Musk bought the social media platform last year.
The agency has been scrutinizing whether the former top executives failed to adequately disclose those privacy issues to shareholders or put in place proper controls, according to people familiar with the matter who asked not to be identified discussing a confidential investigation. A bug on the social media platform had let outsiders view user email addresses during password resets, which revealed the identity of users, said one of the people.
/jlne.ws/3ZMrUTP
| | | | | | Strategy | | | A New Equity Index Options Volatility Cycle?
Seeking Alpha
For the past 30 years, implied volatility and yield curves have been locked in a repeating cycle.
S&P 500 options volatility appears to alternate between high and low volatility regimes.
Implied volatility on S&P 500 options has been exceptionally low recently. But is that about to change?
/jlne.ws/3F9PfoX
Probability of Expiring ITM - Options Jive
tastylive (Video)
If you want to trade like a tastylive trader, you have to learn how to talk like a tastylive trader. Sit down with Tom and Tony as they dish out and discuss popular trading topics that give you an edge when opening, closing and managing your trades.
/jlne.ws/3F9uidR
Calm Markets
Cboe
In #Vol411, Tim Biggam @Delta_Desk lets us know that 20 seams to be looking like the ceiling for the $VIX Index, the term structure of the #VIX Index appears to be back to the normal contango with a 4% differential and more.
/jlne.ws/3FclW4V
| | | | | | Miscellaneous | | | Hamas Militants Behind Israel Attack Raised Millions in Crypto
Angus Berwick and Ian Talley - WSJ
Hamas's lightning strike on Israel last weekend has raised the question how the group financed the surprise operation. One answer: cryptocurrency.
During the year leading up to the attacks, three militant groupsâHamas, Palestinian Islamic Jihad and their Lebanese ally Hezbollahâreceived large amounts of funds through crypto, according to a review of Israeli government seizure orders and blockchain analytics reports.
/jlne.ws/46rwucw
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