The second day of the week saw the second consecutive rally day for global equities, the first such streak in more than a week. Emerging market etf flow dominated the action in the options markets. …
Continue readingRSX
Earlier today, we closed our bullish play on Russian equities into the Crimea vote with RSX calls for a gain. The idea was that the news was already known to some extent and we doubted that …
Continue reading
On Friday we thought that sentiment towards Russian equities got a tad too pessimistic heading into the the weekend referendum on Crimea’s future. We wanted to play from the long side, but with defined risk. …
Continue reading
The situation in Ukraine is likely to get some clarity after Sunday’s referendum vote by the voters of Crimea as to whether they want to be annexed by Russia. Russian equities have been the hardest …
Continue readingLast Thursday in this space I described my amazement that risk assets did not appear to be pricing in a whole heck of a lot of concern relating to the heightening tension in Ukraine (read …
Continue reading
The Russia hate has been piling on pretty hard over the past week. Russia and Mr. Putin have over the news headlines after the Ukraine invasion. Along with it, Russian markets have tanked and the …
Continue reading
In a day that saw generally risk off activity, there was some interesting options activity that suggested some market participants were closing bearish bets or monetizing hedges in ETFs and Index options that dominated most …
Continue reading
In case you missed it, things continue to heat up in the Ukraine. Here is the headlines we woke up to this morning from the WSJ.com: With the last couple weeks’ violence in the Ukraine …
Continue reading
Despite the weakness in the broader stock market to start 2014, the CBOE put/call ratio has remained below 1 for every session since October 15th. That’s the longest such streak since late 2001/2002 (the real …
Continue reading