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
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 posted a recap of activity in the CME S&P Case Shiller home price index futures and options for May. The recap is in the Reports section or one can link here.
The key themes in recap include:
–There were 12 futures contracts traded in April across 6 regions and … 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
I’ve posted a recap of activity in the CME Case Shiller futures contracts through April 27. I realize that it wasn’t quite month-end, but as there no trades on the 28th (although I’d not that there were 7 on May 1!) the April 27 quotes are a good reference point … Read More
The CME Case Shiller Futures market reacted quietly to this morning’s release of the February numbers. The MIA and WDC X17 markets are lower (as measured by mid-market values, as of 1 PM ET) from yesterday, primarily as offered levels declined, while SDG and SFR X17 quotes are higher, primarily … Read More
I posted a recap of activity in the CME Case Shiller home price index contracts for March in the Reports section (or you can link here).
The key observations include:
–There were 13 futures and 6 option contracts traded in March.
–Futures trades were concentrated in 5 regions, but … Read More