Know What's Happening in Options & Derivatives
Know What's Happening in Options & Derivatives
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Tuesday recap
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
Cboe has filed a proposal with the SEC to re‑introduce binary “yes/no” options that pay a fixed amount if a condition is met and nothing otherwise. The design mirrors the odds‑style pricing popularized by crypto‑native prediction markets, turning a belief into a single tradable number. By embedding the contracts in the regulated exchange stack, Cboe hopes to tap broker distribution channels and make probability trading a mainstream retail product. The initiative’s fate will depend on liquidity, regulatory acceptance, and the ability to list relevant contracts without triggering gambling restrictions.
U.S. GAS futures prices have retreated to the lowest for almost four months after spiking during Winter Storm Fern. Front-month futures have fallen back to just $3 per million British thermal units (the lowest since mid-October). The front month has...
Note that there are 1.3 bln euro options at $1.1850 that expire today. The $euro just tested the strike and it held.
In Episode 414 of The Weekly Option, host Eric reviews last week’s option trades on Open Door Technologies, Ocular Therapeutics, Ford Motor Company, and Bank of America, then presents four new trades for March expirations involving Cypher Mining, Core Scientific,...
The episode dissects the current QQQ options market, highlighting that skew and risk reversals are at historic highs, indicating expensive downside protection and a defensive bias among investors. Despite heavy put activity, call participation remains steady and speculative far‑out‑of‑the‑money buying...
Decentralized perpetuals exchange Lighter saw its native token LIT surge 13% after rolling out unified collateral accounts for spot and futures trading. The upgrade enables users to use a single collateral pool across trading pairs and marks the first phase...
Brent crude option skew—which many have been treating as a proxy of oil market Iran risk perception (see comp to June 2025)—continues to deflate. Down more than half from a week ago, with prices down ~$3/bbl from Wednesday high. Gives a sense...
The iShares Expanded Tech-Software Sector ETF (IGV) has slumped more than 20% as investors fear AI coding tools could upend software businesses. The ETF’s top five holdings—Microsoft, Palantir, Oracle, Salesforce and Applovin—are collectively down about 40% from six‑month highs, pushing...
The episode reviews the recent rebound in gold and silver prices, with gold back above $5,000 per ounce and silver futures climbing to $77.89. It delves into the Indian silver market, highlighting rapid price spikes, profit‑taking, and a sharp correction...
Prediction market aggregator Stand introduced a new feature that automatically places opposite bets to traders who consistently lose. The tool aims to replace traditional copy‑trading, which has become ineffective as top wallets can front‑run followers. Research shows about 70% of...
$USD enjoys a firmer tone ahead of the US CPI. Over 5 bln euro options at $1.1850 expire today. Session low so far is slightly below there. GBP530 mln options at $1.36 expire today. Session low so...
The episode examines how the correlation between the S&P 500 and the VIX is not static but varies across four distinct market regimes defined by levels of volatility (VOL) and volatility‑of‑volatility (VOV) risk. The authors propose a regime‑switching model that shows...
Don't do this to me...I need my coffee. KC futs have tentatively held up the midpoint of the 2023-2025 bull run (around 290) https://t.co/9M9FIFrM6A
Notable FX option expirations tomorrow: 5.25 bln euros at $1.1850 $1.8 bln at JPY152.00 GBP530 mln at $1.36 https://t.co/JP6hOX0qdC
Natural‑gas futures surged early Thursday after the Energy Information Administration reported a 249 Bcf net withdrawal for the week ending Feb. 6, marking a second consecutive week of above‑average draws. The data lifted front‑month prices as traders priced in tighter supplies, but...
U.S. natural‑gas forward prices slipped again this week as the market eases from the January cold snap. Prompt‑month contracts fell 26.7 cents, while regional basis spreads showed mixed movement. SoCal Citygate basis peaked near $1.90/MMBtu for 2028 deliveries, whereas Malin remained...
In this episode the host shares resources for both learners and active traders, highlighting the free CME Trading Simulator and educational posts on implied forwards and Jensen's inequality. The main focus is on using AI tools to transform textual insights...
#Bitcoin funding rates on Binance have turned negative. Leverage traders are feeling the pressure. https://t.co/YnIZStZZvF
Massive 50x and 100x #BTC longs are sitting on Binance, according to CoinGlass data. https://t.co/4Fk16lEAJl
The episode delves into a recent study examining multifractality in major cryptocurrency markets, revealing that the complex scaling behavior of assets like Bitcoin, Ethereum, DEX tokens, and NFTs is driven chiefly by long-range temporal correlations rather than merely heavy‑tailed return...
The episode explores how income investing has shifted from relying solely on dividends to incorporating options strategies like covered calls and cash‑secured puts to generate cash flow, especially from non‑dividend‑paying growth stocks. It explains the mechanics of these strategies, their...
This episode explores herding behavior beyond equities, focusing on cryptocurrency markets during geopolitical shocks and commodity ETFs across different asset classes and time scales. Recent research shows strong, asymmetric herding in crypto—especially in bearish periods and when perceived geopolitical risk...
On February 9, 2026, veteran options strategist Larry McMillan released a market‑update video reviewing the latest equity trends, inflation pressures, and Federal Reserve policy stance. He highlighted persistent volatility that keeps option premiums attractive and outlined sector rotation toward energy and technology stocks....
The episode delves into the dynamics between the VIX spot index, VIX futures, and the implied volatility of VIX options, highlighting a unidirectional causality chain where spot VIX leads futures, which in turn lead option volatility. High‑frequency analysis shows that...
The episode reviews the mixed early‑trade futures landscape, noting grain prices slipping while soybeans rose on expectations of sustained demand despite uncertain Chinese imports. It highlights Brazil's soybean dynamics—rising harvests but limited exports due to domestic crusher buying and a...
Patrick Kazley’s new paper argues that the apparent drag from buying put options is largely a hidden short‑beta exposure, not an inherent cost of long volatility. By neutralizing this beta, a pure long‑volatility factor delivers positive returns over time. The...
