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
As readers of the monthly recap may have noted I’m trying to drum up interest in the Case Shiller home price index -options that can be traded on the CME. Retail interest seems as much focused on options as (among other points) there’s no risk of being on the wrong … Read More
I’ve updated a table of option pricing on the CME Case Shiller futures for Feb ’18 expiration. I’ve picked Feb ’18 as the index released that month (the value the options/futures will settle on) is the Case Shiller index value for Dec ’17. Thus we can get into debates not … Read More
Related to accessing a new broker……
I’m in an awkward situation where the CME has rolled out option trading on the Case Shiller home price index futures for certain regions, but I’m not able to post quotes on those new put contracts (i.e. the ones for BOS, DEN, LAV, MIA, … Read More