People’s Trust Targets Mid-Guidance Pricing for Debut $100m GWS Re Cat Bond
People’s Trust Insurance Company, a Florida homeowners specialist, is preparing its debut catastrophe bond issuance through Bermuda‑based GWS Re Limited. The $100 million Series 2026‑1 Class A notes will provide three years of fully‑collateralized Florida named‑storm reinsurance with an indemnity trigger. Pricing guidance has been narrowed to a mid‑range spread of 6.25%–6.5%, reflecting strong investor demand. The deal marks the seventh first‑time sponsor this year, underscoring rapid expansion of the cat‑bond market.
July‑August Contracts Hold over Half of Brent Liquidity
More than half of Brent liquidity is in July and August contracts #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities #commoditiesmarket https://t.co/Bw7ModUksF
Compute Futures Inevitable as Financialization Expands
Energy futures are nothing new. So Compute Futures will happen. The financialization of everything continues.
European Gas Traders Rush Into Options as Winter Price Risks Mount
European gas traders are rapidly increasing their purchase of options as winter approaches, seeking protection against heightened price volatility. In the past month, volumes of TTF winter call options jumped roughly 45% year‑over‑year, pushing implied volatility to about 30%, the...
European Gas Traders Hedge Winter Price Spikes with Options
Europe gas traders buy options to hedge for winter price spike https://t.co/j2ETUxgF1I via @priazrocha https://t.co/zKqrjD9rfO
DERIVSOURCE: CFTC to Streamline OTC Derivative Rules
The CFTC, led by Chairman Michael Selig, announced a plan to streamline regulations for the $846 trillion OTC derivatives market. The agency will trim reporting obligations, consider sunset provisions for legacy 2013 swap rules, and clarify obligations for entities clearing swaps....
CME Launches Cash‑Settled Bitcoin Volatility Futures for Institutions
CME Group just announced cash-settled Bitcoin volatility futures. This new product gives institutions a clean way to trade BTC vol directly on the world’s biggest derivatives exchange. Another big step for mature crypto market infrastructure. https://t.co/BP1605bUkl
Perpetuals Extend Prediction Markets Into Continuous Exposure
Math and finance nerds that love prediction markets should love perps even more. Prediction markets : perps :: n! : Γ(z) Perps are simply the analytic continuation of event markets: from discrete terminal bets to continuous mark-to-market exposure.
GraniteShares Adds Biotech, Financials, Tech and Long‑treasury YieldBOOST ETFs
GraniteShares launched four new YieldBOOST ETFs on May 5, 2026, covering biotech, financials, technology and 20‑year U.S. Treasuries. The products use a put‑selling strategy on 3‑times‑leveraged sector ETFs to seek higher weekly income, aiming at investors who want sector‑specific yield in...
Kalshi Rolls Out Facial-Recognition Safeguards to Bar Under‑age Traders
Kalshi announced a suite of new identity‑verification tools—including facial recognition, selfie checks and two‑factor authentication—to keep users under 18 out of its prediction‑market platform. The measures arrive as lawmakers and sports leagues push for stricter age limits on derivative‑style contracts.
UAE Pushes for U.S. Dollar Swap Line as Politicized Hurdles Loom
UAE Trade Minister Thani Al Zeyoudi disclosed ongoing talks with Washington to secure a U.S. dollar currency swap line, a facility currently limited to five central banks. Economists caution that domestic U.S. politics, especially a potential Trump administration, could block...
Oil Futures Markets Still Too Complacent About Supply Shock
Oil futures are trading $20‑$30 per barrel below physical spot prices as the Strait of Hormuz remains closed, underscoring a market underestimation of the ongoing Middle East supply shock. Physical grades like Forties, Troll, Cabinda and Sverdrup have surged to...
MSTR Executes $1B Daily Options in Three Trades
no matter what your fundamental view on $MSTR may be, it is an undeniable fact that there is simply no other company in the world that can trade $1 BILLION NOTIONAL via options in a single day over 3(!) trades...
ISPY: This S&P 500 Covered Call ETF Is Uncompelling For Now
ProShares’ S&P 500 High Income ETF (ISPY) launched in December 2023 and employs a daily covered‑call strategy via swaps to generate income. The fund targets at least a 6 % yield, currently distributing about 7.48 % annually, but carries a 0.56 % expense ratio and...
Traders Ramp Up Bets Warsh’s Fed Could Hike Rates Before Cutting
Bond traders are increasingly betting that the Federal Reserve will raise rates before any cuts, with swaps now pricing a greater than 50% chance of a hike by next April. The shift reflects growing hedging activity in SOFR futures and...
#58912
The Options Clearing Corporation (OCC) has finalized the cash settlement for Magic Software Enterprises Ltd. (MGIC1) options, setting the deliverable at $1,799.70 per contract. The amount represents the U.S. dollar equivalent of 59 Matrix IT Ltd. ordinary shares, calculated from...
GameStop CEO Says 5% eBay Stake Is Mostly Derivatives, Fueling $56 B Takeover Bid
GameStop chief executive Ryan Cohen told CNBC that the retailer’s newly disclosed 5% stake in eBay is comprised primarily of stock options and other derivatives. The disclosure underscores a high‑stakes strategy to bridge a $44 billion valuation gap as GameStop pursues...
Aspect Capital Opens $550 Million China Futures Strategy to Global Investors
Aspect Capital, the $9 billion hedge‑fund firm, began offering its China absolute‑return systematic futures strategy to international investors in early April. The product, which manages about $550 million and trades across 65 Chinese futures markets, had previously been limited to mainland investors...
#58910
The Options Clearing Corporation (OCC) issued a second adjustment for Adjusted Apartment Investment and Management Company (AIV) options, effective June 4, 2026. AIV announced a partial liquidating distribution of $1.30 per Class A share, payable June 3, 2026. Each AIV1 contract now delivers 100 AIV...
Closing Grain and Livestock Futures: May 5, 2026
U.S. grain and livestock futures closed mixed on May 5, 2026. Corn slipped 5.75 cents to $4.80 per bushel while soybeans fell 11.25 cents to $12.11. Livestock prices rose, with live cattle up $1.47 to $253.22 and feeder cattle gaining $5.70 to $372.30. The...
Meta's $13 B Data‑Center SPV Sends CDS Spread to Record High
Meta is assembling a $13 billion special purpose vehicle, dubbed Sopaipilla, to finance a gigawatt‑scale data center in El Paso, Texas. The move has pushed the company's credit‑default‑swap spread to a record level, underscoring investor anxiety over the tech giant's off‑balance‑sheet debt...
TSPY Enters My Top 3 Buy Write ETFs
TappAlpha’s S&P 500 Growth & Daily Income ETF (TSPY) uses a buy‑write strategy that generates a 14.56% annualized distribution, largely from option premiums and capital gains. The fund’s return‑on‑capital (ROC) averages above 50% each month, giving it strong total‑return potential in...
Fixing Failures to Communicate
At the May 5, 2026 Options Industry Conference, SEC Division of Trading and Markets Director Jamie Selway highlighted the explosive growth of U.S. options markets and announced recent regulatory updates. The SEC approved FINRA’s rescission of the Pattern Day Trading rule on...
OSCR Stays 13‑19, Ideal for Options Sellers
$OSCR has been so good for options seller like literally its ranging between 13-19 for like a year.
Bulls Are Piling Into This Warren Buffett Favorite Ahead of Earnings
Traders are loading up on bullish options ahead of Occidental Petroleum's earnings, with call volume outpacing puts 7‑to‑1. One of the largest trades was a $175,000 call spread targeting a one‑year high. OXY shares rose 2.7% Monday and are up...
Total Return Swaps Thrive; PUT System Delivers $1M Volume
Still personally most exited about Total Return Swaps coming out, but so incredibly happy and proud of the team for shipping all this in under 60 days. The PUT system is working even in these stressed environments, exactly what it was...
#58906
Adjusted Fomento Económico Mexicano (FMX) options (symbol FMX2) have completed a series of corporate adjustments, culminating in a final cash distribution rate of $1.039579 per share. The new deliverable for each FMX2 contract is 100 FMX American Depositary Shares plus...
Credit Spreads Vary 42x Across Data Center Firms
The credit market is the harshest judge of risk. Looking at credit default swaps of data center companies, a few things stand out: • The market is starting to believe there is less risk (although still very high) for Nebius and CoreWeave...
U.S. Futures Slip 0.2% as Brent Crude Jumps Over 5% on Renewed Iran Tension
U.S. equity index futures slipped 0.2% and Brent crude surged more than 5% to over $113 a barrel on Monday, after Iran’s Fars agency claimed missiles hit a U.S. patrol boat and President Trump announced a “Project Freedom” escort for...
Cocoa’s Recovery Rally Faces a Growing Wall of Supply
ICE Cocoa July 2026 contract closed at $3,596 per tonne, a 4.81% weekly gain, pushing the price above its 50‑day moving average for the first time in months. The rally occurs despite a projected global surplus—ICCO expects a 75,000‑tonne surplus...
She Built $45T CDS Market, Now Betting on Blockchain
She built the $45T credit default swap market by 28, led JPM’s top commodity desk, then bet big on blockchain. The woman who rewired finance.
#58904
The Options Clearing Corporation (OCC) announced that binary options will be listed as a sub‑classification of index/other options, identified by the BINY tag and settled via Cash Fixed Return (CFR). At expiration, calls pay a fixed cash amount if the...
SEBI Proposes Early Pay-In in Commodity Options
The Securities and Exchange Board of India (SEBI) has issued a consultation paper proposing to extend the early‑pay‑in (EPI) settlement mechanism to commodity options, a benefit that currently exists only for futures contracts. The proposal was examined by the Working...
#58903
The Options Clearing Corporation (OCC) announced that its Etsy, Inc. flex options series currently listed under the symbol 1ETSY will be consolidated to a new ticker, ETSY C, effective at the opening of business on May 6, 2026. The adjustment applies to...
SPY Shows Strong Positive Gamma Around $722‑$725
Positive gamma exposure across the board on $SPY this morning. Elevated positive exposure remains at $725, with considerable exposure from $722-$725. Expecting some chop in this range.
VRP Ratio & Spread Chart Classified by IV Levels
I asked the moontower agent (https://t.co/uk1QwX5UsC) to plot a list of names by VRP both as a ratio and a spread and classify by IV level (MRVL has earnings end of May & I only excluded upcoming earnings names) https://t.co/SvRklwOhqO
VIX Jumps to 35.3 as Iran Tensions Revive Options Market Fear
The CBOE Volatility Index (VIX) surged to 35.3 after renewed U.S.–Iran confrontations, signaling extreme anxiety among options traders. Hedge funds reported one of their toughest months in March, while UK investors pulled £1.44 billion (≈$1.8 billion) from funds, underscoring the global ripple...
Early Bitcoin Call Finally Gains Momentum
Two weeks early on this Bitcoin call, which for a trader means I was wrong (since timing is just as important as the trade idea). But here we are, finally in motion. $IBIT $BTC.X
Daily Tracking of Largest Option Trades 2022‑2024 Updated Study
After blood, sweat, and tears working with data we finally updated a study following the largest option trade each year daily from 2022 - 2024. Screens for delta, time to exp, and liquidity were performed as well. More here -...
Palantir Live On Hotstuff After $1.63B Revenue in Q1
Palantir Technologies reported Q1 2026 revenue of $1.63 billion, an 85% year‑over‑year increase and the strongest growth among public companies. The data‑analytics firm’s market capitalization rose to about $350 billion, marking it as a heavyweight in the tech sector. Palantir’s stock was...
Algo Sells September Calls, Signaling Rally Overwrite Phase
An algo just sold September calls to open across a dozen or so names, likely getting to part of rally where see overwrites
Micron Call Premiums Outpace SPY and QQQ Combined
massive call premiums in. dominating the options complex today $MU $SNDK $INTC the chase extends
The Market Brief
U.S. equity futures rose Tuesday while oil prices slipped, reflecting a tentative rebound amid heightened Middle‑East tensions. Institutional investors are rotating out of mega‑caps into small‑caps, which now trade at their widest valuation discount in two decades. Systematic long/short managers...
Rolled Short GOOGL Calls to Higher June Strike
rolled short $GOOGL May Exp 385 calls up and out to June 5 Exp 395s (against long June 375s)
Buy May 8 128/132 Call Spread, Sell 114 Put
$SHOP "Trade Idea 2: Buy the May 8 Expiry 128/132 Call Spread ($2.25) and sell the May 8 Expiry 114 Put for 5 cents." a bust looks to expire.
FINRA's New Intraday Margin Rule Eliminates $25K Day‑Trader Minimum, Hits Options & Futures Traders
FINRA adopted new intraday margin requirements effective June 4, 2026, removing the $25,000 minimum equity rule for day traders and mandating a 25% maintenance margin throughout the trading day. The change, with an 18‑month transition, directly affects active options and futures traders,...
Potential Recovery on PLTR Call Spread After Bust
$PLTR "Trade Idea 2: Buy the May 8 Expiry 148/152.50 Call Spread ($1.95) and sell the May 8 Expiry 130 Put for 65 cents." looks to be a bust, may be able to recover cost based on typical IV by...
Huge 25x BTC Short Faces Liquidation at $1.4k Rise
THIS IS INSANE: Somebody just opened a $25,349,000 BTC short position with 25x leverage. If Bitcoin’s price goes up just $1,400 they will get completely wiped out. https://t.co/BnOsSCjGQd
CFTC’s Selig Sets Out Agenda for Leaner Rules and Faster Markets
CFTC Chairman Michael Selig used his ISDA keynote to push for a slimmer, more proportionate derivatives rulebook, ending reliance on temporary no‑action relief and tightening SEC‑CFTC coordination. He highlighted the need for clear, final rules on swap reporting, materiality thresholds,...
Hedgeye Signals Bond Volatility Breakout, Review at 9 AM
Big @Hedgeye TREND Breakout for Bond Market Vol that I'll review on The Macro Show 9AM https://t.co/niZaSORuLS