At-a-Glance
Key Takeaways with Craig
US Equity prices traded near the unchanged mark for most of the day and wound up slightly lower. Implied volatility in CME’s Equity Index options markets ticked higher, particularly later in the week when the market will get several employment reports, culminating on Friday with the February Employment Situation report. US Treasury Yields rose today, with a larger move on the shorter end, where CME’s 2-Year Treasury Yield future was higher by about 7.5 basis points.
Gold futures prices rose by nearly 1.5% today to an all-time high. With today’s move, prices are up by about 4% since last Wednesday. CVOL levels in Gold options also popped today and the Calls are trading as high relative to the Puts as they have since the beginning of January according to the CVOL skew. Thethree images below depict one year of Price, CVOL and Skew levels in CME’s Gold markets.
Finally, Bitcoin and Ether futures prices continued to climb, with Bitcoin prices up by about 6.5% from Friday and Ether up by about 3.2%. Implied volatility in both options markets is trading at recent high levels and both options markets continue to trade with a Call skew.
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