Prior to the the UK’s Brexit vote in late June, I took a fairly apathetic view to the prospects of a Leave vote, and expected the people of the UK to vote to Remain in the …
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Until the S&P 500 (SPX) makes a new all time high (less than 2% away), or fails in and around 2100 for the 7th time (since the all time high) in May 2015, I’ll just shut …
Continue readingLeader of the U.K. Independence Party and guy who led the charge for the Leave vote, Nigel Farage, took his Muppet Show on the road to EU headquarters in Brussels yesterday. Farage agreed to an …
Continue readingThe largest options trade on the tape today is an opening purchase of 100,000 of the FXI Jan 37 strike calls for 38 cents when the etf was $35.60, amounting to $3.8 million in premium. This trade …
Continue readingClearly, all markets are more volatile than they have been for at least 18 months. Not much to add, just wanted to add the table showing that all implied volatilities are now above their 52 …
Continue readingEven though the SPX is actually 10 handles higher week-over-week, implied volatility has held up better than would be expected across global equity markets. Vol for the major equity indices are right around their 52 …
Continue readingWSJ Market tone: Stock futures mostly flat; euro slightly higher against the dollar; Nymex crude futures up 36 cents at $100.04 a barrel. Overnight action: Sears to close 100 to 120 Kmart and Sears stores; …
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