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NEOS launched XQQI, a leveraged Nasdaq‑100 High Income ETF that seeks 150% exposure to QQQI’s strategy and aims for a 19‑23% annualized distribution yield. The fund uses synthetic options and direct holdings instead of traditional swaps, which reduces daily performance drag and improves leverage tracking. However, the covered‑call overlay caps upside and amplifies downside, potentially eroding NAV in adverse markets. Analyst Kevin Shan rates XQQI a Hold, citing current market volatility and the fund’s risk‑return profile.
Hedge funds realise some profits as oil prices climb Hedge funds and other money managers sold Brent futures and options last week to realise some of their profits on former bullish positions as prices surged after the United States and Israel...
Either the crash the market is pricing in arrives — or this is peak fear. Why? VIX at 32. SPX moving at 14%. The gap between fear and reality is the 5th widest since 2000: -Jan '09 (GFC): +24.4 -Jan '21 (Meme...
Kalshi has teamed up with Brazil's leading brokerage XP Inc. to launch regulated prediction‑market contracts outside the United States. XP will handle local distribution, client relationships, and regulatory coordination, while Kalshi supplies the trading technology, market design, and risk‑management tools....
Citi has launched its first digitally native structured note on Euroclear’s Digital Financial Market Infrastructure (D‑FMI), marking a pioneering use of distributed‑ledger technology for wealth‑management products. The note, issued under English law by Citigroup Global Markets Funding Luxembourg, demonstrates a...
The March 9 pre‑market report flags a surge in implied volatility across energy ETFs, major oil majors and a cluster of aerospace‑defense names. United States Oil Fund (USO) posted a 30‑day IV of 108, near its 52‑week peak, while ExxonMobil and...
23800 was a crucial support for Nifty50 and it’s been brutally broken today 😬 >> Holding 10 Mar 23900 PE, avg ~195.50. Option already spiked to 325.95, largely driven by gamma expansion + IV spike after the breakdown...💥🔥 >> Current plan: looking for...
ICE Futures US announced a settlement with BofA Securities over an alleged violation of Rule 4.02(c). The issue stemmed from a September 2024 trade where a trader entered simultaneous buy and sell orders that executed against each other, creating a...
CME Group announced the first trade of its South Asia Crude Palm Oil (Fastmarkets) futures, with 100 contracts exchanged between Avere Commodities and Olam Agri on March 5, 2026. The contracts were launched on March 2 as part of four new cash‑settled...
Cboe reported record February trading activity across its derivatives platform. S&P 500 index options (SPX) posted a historic average daily volume of 4.75 million contracts, with zero‑days‑to‑expiry (0DTE) trades accounting for 63% of that flow. Mini‑S&P 500 (XSP) and Russell 2000 (RUT) options also...
Stocks don't open for 12 more hours, but with futures -125 the S&P looks like it will gap down through the Dec. low; a low which became even more significant after Wednesday's bounce off its corresponding support. And if the...
1Y zero coupon inflation swaps have jumped (obvi) as oil prices surged Much more surprising to me is that 1Y1Y inflation swaps have risen That is, this isn’t a “price spike = recession” move All this while the super-backwardation in crude doesn’t...
DBS is urging Singapore‑based SMEs to hedge at least half of their foreign‑exchange exposure amid heightened volatility from the Middle‑East conflict. The bank’s SecureFX facility, which lets companies lock in rates up to US$1 million without credit lines, is already used...
$ES_F down to the 200 day MA and a bounce for now. TBD where it ends up... https://t.co/bWFRDuQQ4U
Here's the spread between spot VIX and the front month future. Positive spread is bearish. https://t.co/598aRc7d3r
Brent prompt futures opened above $108 per barrel on NYMEX, marking a notable price surge. The rally is driven by OPEC+ output cuts, lingering Middle East tensions, and a weakening dollar that favors commodities. Analysts warn the $108 level could...
US equities are only starting to sneeze. When it does, droplets fall everywhere, and you get infected. S&P500 and the CBOE Put/Call ratio. #SP500 #PutCallRatio #StockMarket $SPX $SPY #GlobalMarkets #PutCallRatio #TechnicalAnalysis #indiacharts https://t.co/hkGs4mAlj7
$VX 30 was tested overnight but VIX futures reversed from there. May still be a spicy day ahead of us. https://t.co/NDJwW1XZhG
Bitcoin perpetual futures funding plunged to about -6% on Feb. 28, the most negative level in three months, while BTC‑denominated open interest climbed to roughly 120,260 BTC, indicating a crowded, leveraged short bias. The sharp negative funding signaled that traders...
GAMMA @t1alpha If you don't know where Gamma and its Throttle are, you really don't know how to manage risk like Macro Pros @Hedgeye do https://t.co/fU17MkB83v
Basically; 2026 was supposed to be the year where you bought carry in 26 STIR contracts, and cash bond curves would steepen. Best laid plans and all that.
10 Yr Note Futures fall again (-13.5/32's to 112-00+) Since tagging 114 and seeing the UST Active 10 Yr Note fall under 4%, it has been a steady reversal aided by the war in the Middle East. https://t.co/aX13QG6ARo
Brent crude futures LCOc1 climbed to a high of $119.50 per barrel and U.S. West Texas Intermediate (WTI) CLc1 to $119.48 a barrel.
Oil and S&P 500 Futures Extend Tumble to Start the Week – Is Sentiment Giving Way? Wrote this week ahead article on an airplane with awful wifi... https://t.co/PoHGRgI2oL
The Brent crude prompt timespread is currently over *$9/bbl*, a new all-time record. Timespreads measure the steepness of the crude futures curve, which at the front (prompt) reflects how tight—loose if neg—the spot market is. The oil market has literally never been...
Reminder, oil futures once traded at negative $42 a barrel. And if the meme stock traders get a hold of this thing who knows where it can go?
US oil futures are now on track to rise +60% this month, marking their largest monthly gain in history. https://t.co/P4ciDNwr85
Losses for stock futures accelerating Nasdaq futures now down 2.3% S&P 500 futures down almost 2%
Every single time the VIX soars and panic ensues there has been a tremendous opportunity for investors. Buckle up. That moment may be coming soon. 🙏🏻👊🏻💪🏻
After adding more than $40 a barrel in a little more than five trading sessions, the nominal record for West Texas Intermediate futures—$145.29, set on July 3, 2008—no longer seems out of reach @WSJmarkets https://t.co/rlxj1lnh5N
📈Speculative bullishness across U.S. grain/oilseed futures is at a three-year high, but funds haven't even begun to tap the potential that lies in corn. Does this mark the start of a run-up in corn? What could be the limiting factors? I covered...
If the front-month WTI crude oil future matches natural gas’s 100% gain in 2026 to its January peak, it would reach about $115 a barrel -- then what by the midterms? Gas has reversed all of those gains. Spiking crude can be...
“We see no reason to actively add equity exposure at this time as risk/reward will improve from either price action or a path to de-escaltion forming:” Citi’s Kaiser. The oil VIX reached its highest level other than during COVID since...
OK. Pending apocalypse or local bottom? @Nations_Indexes TailDex ($TDEX aka crash put) hit 30 on Friday with $VOLI (ATM vol) at 22.58. TDEX level is 97th percentile and spread above VOLI also 97th percentile. You don't need to look far...
Kalshi markets on oil futures is crazy because it’s a 2nd derivative. Current oil price-> CL futures (first derivative) -> Kalshi (2nd derivative). Leads to very odd dynamics if Kalshi markets get big enough
Understanding @flyingtulip_ new raise model; TLDR; Market Cap: $2k FDV: $175m Volume: $33.5m 2 weeks in (and brutal markets) and yet the token looks boring (by design). Volume is tiny (by design). Comparative projects that raised and TGE'd in the same time-frame are on average significantly...
With vol high/skew high but OTM calls also high and with equities in a minor drawdown those with undiversified max long U.S. equity portfolios are whipping around "options" trade ideas as the solution. Looking for ways to hedge. ...
If you sold long stocks on Friday and bought 10d 3 month calls at equal notional you are going to underperform badly in most right tail events. Doing it delta neutral is highly likely to get destroyed in most...
[looks at Brent curve] Gary Gorton voice: "investors can earn a risk premium by buying distant commodity futures at a discount to spot"
Hey energy experts, what's the lag, in days, from a change in wholesale gasoline futures to retail (AAA average) prices? And what's a good rule of thumb on the spread/mutiple between the two? (Answer in DM's if you prefer.)
Oil futures surge above $100 for the first time since 2022 🚨 🛢️ Brent contract jumps more than 10% as the conflict in the Middle East continues https://t.co/KgPOv96YdC
🚨 BITCOIN CME GAP Current price: $67,000 CME open: $68,400 As it stands, Bitcoin will open a sizeable gap tonight https://t.co/rOL85QHEJw
Moontower Sunday pitchfork CLAWback In this issue: 🌙half-baked AI thoughts 🌙making your own teacher 🌙a satisfying derivation of the 80% straddle rule https://t.co/K5xTbWQpU1 refs: @outlieroptions
And here's my version using $VIX, VX30 (constant maturity VIX futures) and SPX RV21 that's ~ 30 calendar days. https://t.co/e8dCY61qju
The $VIX: $VXV ratio spiked to 1.07 on Friday. That's the biggest volatility spike since the April 2025 crash low. Last March it had an initial spike to 1.08, dropped to 0.90, then spiked to 1.27 in April, but this...
Market stress is surging at a rapid pace: The spread between the average 9-month volatility of S&P 500 stocks and the S&P 500 index's 9-month volatility is up to 18 points, the highest since 2008. This spread has DOUBLED over the last...
One interesting thing I noticed in Friday’s EOD option chain for Nifty50 (10 Mar expiry)...🤔 >> Look at the marked Option, closing around ₹439.85. Based on basic OTM risk premium / volatility structure, this option’s theoretical fair value appears much higher... >>...
VIX closed at its highest since the Apr'25 tariff (and above the +1 StD level).
Since my client warning, VIX has risen 70%. and because I warned two weeks ahead that IRAN RISK IS NOT PRICED IN, clients got to take full advantage of every dollar of the largest weekly gain on record in data going...
If Citrini publishes a substack post this weekend about an extended Strait of Hormuz closure scenario S&P futures are going to open Sunday night limit down huh
