I believe that the CME markets saw their first option trade for 2016 over the last few days. Eighteen puts on the CHIQ17 120 strike traded (FYI CHIQ17 = 134.6/139.4 today) at 2.0 points.
This trade played out in a manner consistent with other inquiries. A buyer of slightly out-of-the … Read More
My last blog talked about which contract expirations get most of the (limited) trading. This one shows (see table below) where the tightest bid/ask spreads are (today). That’s important as the markets with the narrowest bid/ask spreads tend to be the ones with the greatest likelihood of a trade. After … Read More
Here’s my long overdue template for option quotes. I wanted to get this done for the month-end report AND to inquiries I’ve had for HCI (CUS 10-city index), LAX and NYM contracts. (I figured that I’d toss in numbers for CHI to show all four regions where one can post … Read More
Prices of CME housing futures were generally higher after this morning’s release of the February Case Shiller indices.
By the close, prices moved higher (as measured by mid-market levels) in 9 of the 11 contracts (all but BOS and LAV). Advances were lead by the 3 California markets (and Miami). … Read More
Over the last few months headlines have simultaneously touted rising AND falling home prices (or at least indices). As seen in the table below, nominal, non-seasonally adjusted (NSA) home prices have continued to grind higher (albeit at ever slower implied HPA) while seasonally-adjusted (SA) home prices index values have declined … Read More
There’s not a lot to update. Bid/Ask spreads have been inching tighter on a number of contracts (see summary table below). Activity seems to be concentrated in the front contracts, and in regions where there was some trading in August (e.g. CUS, LAX, and SFR) but there doesn’t appear to … Read More
There has been unusually high volume in the CHIX13 (Chicago Nov 2013) contract over the last few days. Today (Mon. Oct. 28)26 lots traded at 130.0, following another 10 trades over the last few days between 130.0-130.4. I imagine that traders involved have some expectation (and possibly disagree) as to … Read More
There have been three trades for 8 lots over the last few days in CHIX13 (Nov 2013) CME Case Shiller futures. Since that’s where the action has been, and since the CHI series has the largest open interest of any region, let me review three different approaches to trading that … Read More