There’s have been 7 options trades this month (to go with 10 from August).
Here’s a table of my suggested offering labels. (Note table was updated for current spot values on Sept 21). Again, given the huge number of potential contracts (combining strikes, expirations, puts and calls) I’m only going … Read More
It seems incongruous that the only CME Case Shiller home price index contract that doesn’t have any OI (open interest) is LAV (Las Vegas). After all LAV is the mecca for placing bets on many events, yet there’s been no “action” on LAV. One might expect future LAV prices to … Read More
I recently did a trade in DEN.G18.P2000 (that is, puts on the Feb ’18 DEN contract with a strike of 200. Here’s a graph that shows the P&L of the trade, were one to sell (write) those options at a price of 4.0.
I think that this is a useful … Read More
I’ve just posted a recap of CME activity in the Case Shiller futures and option for July and August. You can find in the Reports section of link here.
This is a short review of a much longer time period as I spent much of August on vacation, to … Read More
Quotes on the CME home price index futures were generally lower this morning (relative to last Friday) after the monthly release of the Case Shiller indices. The table below shows bids, offers and mid-market levels for the 11 Nov ’17 contracts. The mid-market values for the BOS, NYM and SFR … Read More
Inquiries from traders looking to hedge (sell) housing futures (or buy puts) continue to dominate. As such, I’m (unabashedly) putting forth an idea to try and bring in some interest from the long side (on forward contracts).
First, the graph below shows the closing prices on the Nov ’17 contracts … Read More
I posted a recap of activity in the CME Case Shiller home price futures contracts for June. You can access in the Reports section or via this link.
The 28-page report contains numerous tables and graphs of relevant information, including a section with graphs, prices and put option quotes … Read More
I’ve updated my table (see below) of suggested offering levels for CME Case Shiller puts. Note that I’ve eliminated puts for Aug ’17 expiration as there’s too little time and volatility to justify prices other than intrinsic value. Furthermore, some quotes show up as “1.0” in red, as the theoretical … Read More
I’ve noticed a few quotes appearing in the CME futures before the market opens in the morning, and wanted to remind traders how quotes are displayed. Recall that trading opens at 9:15 (Eastern). Until then, the only quotes that show overnight are outright orders. The effect of calendar spreads, and … Read More
Quotes on the CME Case Shiller futures contracts generally slipped lower after Case Shiller #’s were released Tuesday morning. The one-day changes(mid-market) may be the best indicator of changes as they incorporates lower offers and lower bids, even if closes don’t change. (Note that I’m highlighting the Nov ’17 contract … Read More