I posted a (late) recap of activity in the CME Case Shiller home price index futures for Jan today, so that people can have a more recent reference point to compare quotes before and/or after Tuesday CS #’s. You can see the “mini” recap in the Reports section, or view here.
To summarize the key observations:
–There were 9 futures contracts traded in January in 4 regions across 3 expirations. There were no options trades.
–Activity remains slow with most activity in the SFR contracts.
–For Jan, bids and offers generally rose across most regions and expirations (except CHI, and SDG).
–Bid/ask spreads were about unchanged during Jan.
–Front contract (G18) bid/ask spreads have narrowed, except in SDG/SFR.
–OI on futures inched higher from 34 in Dec to 36 (a/o Feb 22). OI for options remains unchanged at 17.
I hope to get a recap for February posted on a more timely basis, but will not get to it until at least March 5th (when I return from a ski trip).
Meanwhile, I’d share that I moved to Washington DC this past week, and would love to meet with anyone in the area who has an interest in this sector. Please feel free to contact me (email@example.com) if you have any questions from this recap, or on the subject of hedging home price indices.