The Nov 2018 (X18) contracts will stop trading on Monday Nov. 26th at 3 PM EST (note – one hour before other contracts) after a 5-year run. There is open interest of 18 contracts across 7 regions, so some traders may want to close out positions, or extend hedges, before … Read More
I’ve updated two-sided CME quotes for puts on 11 regions, for Nov 2019 expiration (x19 contract), at strikes near spot levels. The table is shown below and is in the Options tab.
There’s been no volume and near no open interest, so this is as much price discovery as it … Read More
Someone looking to hedge home price index exposure might find one of the ten regional contracts listed on the CME (plus one for the 10-city index) useful, but what if you’re looking to gain exposure (long or short) to another area? There are another ten, public regional indices (that with … Read More
The DC press has been all abuzz about the prospects of Amazon picking the DC/ Northern Virginia area as the site of their HQ2 and the potential impact on home prices in the region. However, speculation on how to play the real estate market in the run-up to the anticipated … Read More
Quotes on the CME Case Shiller home price index futures are generally lower by about 1/2 point per contract, after this morning’s release of the monthly Case Shiller numbers. The table below shows prices for the 11 Nov. 2019 contracts (X19) comparing yesterday versus today. The LAV and WDC contracts … Read More
I have not received many inquiries on the MIA (Miami) set of Case Shiller futures contracts, and there is zero open interest, so I thought I’d give the MIA index and contracts one day in the spotlight to prompt some possible comments or trading ideas.
Without trades, or even many … Read More
Laura Kusisto challenged home price bears in a thoughtful WSJ piece a few days ago called Housing Market Positioned for a Gentler Slowdown Than in 2007.
Let me offer my two cents (and agree, for the moment) by showing how different Case Shiller home price futures look today versus … Read More
While Thursday’s blog focused on the more recent markdown in CME home price futures as the stock market fell, with the Mortgage Bankers Association meeting starting this weekend in DC (my new home), I thought that I’d give attendees one comprehensive table, covering a longer timeframe, to chew on.
The … Read More