Revisiting ways to play the impact of a lower “Mortgage Interest Deduction” (MID

I had previously written about possible ways for market participants to play the impact of the prospects to changes in the Mortgage Interest Deduction (MID) in a blog on Oct 21 .    Since this remains a timely topic, I again want to offer two opportunities for fans of the NAR’s … Read More

Eurex Commercial Property Derivatives- lessons to be learned?

Those interested in seeing how other property market derivatives have evolved might it interesting to review the Eurex Property Derivatives Market.  See link.   These contracts are based on the total returns of MSCI-IPD UK Quarterly Indices for individual calendar years.  The contract terms are outlined here.  I’m told that the … Read More

Impact of “neutering” of mortgage deduction on home prices. A trading opportunity?

The Wall Street Journal had an article Tuesday morning (see link) titled “Mortgage Break Faces Irrelevancy” which outlined possible impacts from proposed tax changes.  The author (Laura Kusisto) quoted several sources each of whom suggested that, under the current proposal, fewer taxpayers would be able to take advantage … Read More

CME Futures -post Sept release of Case Shiller #’s

Quotes on the CME  Case Shiller home price index futures are marginally higher this afternoon (relative to yesterday, and as measured by mid-market values) after this morning’s release of the Case Shiller indices.  The biggest gain took place in the LAXX18 contract (where there was one trade today).  DENX18 is … Read More

Mid-month option update

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