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
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
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
As I noted in previous blogs, the CME has recently made it slightly easier to trade options in the “new 7” regions (BOS, DEN, LAV, MIA, SDG, SFR and WDC). While it was possible in the past to trade a minimum of 20 lots ex-pit, one can now electronically trade … Read More
Last week, the CME cleared the first options trade in the “new 7 regions” since their February announcement (see Jan 16 blog). Recall while options trading in home price futures was re-introduced in 2012 for CUS, CHI, LAX and NYM, that now options can also be traded* in … Read More
The CME announced on Thursday (Jan 12) that it was expanding electronic trading of Case Shiller options to all 11 regional contracts (the one CUS-10 city index, and each of its 10 regional components). Electronic trading in the complete list of options can begin on Feb 5. See this link … Read More
In my Sept 2 blog I noted that I’ve started to populate quotes for puts. Recall that there are only four regions with electronic quotes (CUS-10 city, CHI, LAX and NYM) and that most of the inquiries that I’ve received has been for short-dated (e.g. <2 year) protection. Here, I’d … Read More