CME Group and Silicon Data Unveil First Compute Futures Tied to GPU Benchmarks
CME Group and Silicon Data announced a joint venture to launch the first compute futures contracts, using real‑time GPU benchmark indexes. The products, pending regulatory approval, aim to let AI builders, cloud providers and investors hedge the soaring cost of AI compute.
Rally Fueled by Mechanical Chase, Not Real Buying
NOTE: “the entire rally from the March lows has been built on a “mechanical chase.” Without real spot buying, market fragility could be exposed quickly when the stratospheric gamma squeeze ends.” My “Flows Over Fundamentals” framing since March 30th lows.
Infrastructure Capital Launches Nasdaq‑linked Option‑income ETF QVOL
Infrastructure Capital Advisors announced the launch of the Infrastructure Capital Nasdaq Option Income ETF (QVOL), an actively managed fund that writes Nasdaq options to generate monthly income while keeping at least 80% of assets in equities. The product adds a...
ICE Extends VaR‑Based IRM 2 Margin Model to ERCOT Power Futures and Options
Intercontinental Exchange (ICE) announced that its IRM 2 Value‑at‑Risk portfolio margining model now covers U.S. ERCOT power futures and options. The move adds Texas contracts to more than 1,000 energy derivatives already using IRM 2, offering anti‑procyclical, capital‑efficient risk management as ERCOT...
UK Life Insurers Push Leverage to 4x in Structured Gilt Derivative Trades
UK life insurers have lifted leverage on structured gilt derivative trades to as much as four times, a response to rising financing costs and a weaker economic outlook. The move signals a broader shift in how insurers manage pension‑buyout funding...
BSE's IT Index Futures and Options Debut Sees Rs 148 Crore ($18 M) Turnover
The Bombay Stock Exchange introduced futures and options on its Focused IT Index, attracting 172 members and generating Rs 148 crore ($18 M) in turnover on the first day. The move adds sector‑specific derivatives for India's booming technology firms and offers new...
Gamma Exposure and S&P500 Return Predictability
A recent study finds that changes in aggregate gamma exposure (GEX) in S&P 500 options predict next‑day equity returns. The derivative of GEX shows a statistically significant relationship with subsequent performance, robust both before and after 2020 though slightly weaker in...
US Treasury Mulls Currency Swap with China to Bolster Dollar Liquidity
US Treasury Secretary Scott Bessent is spearheading discussions on a bilateral currency‑swap line with China, a move intended to shore up dollar funding and counter growing use of the renminbi in trade. The proposal comes as Washington seeks to protect...
China Ramps up Dollar Swaps to Curb Yuan Rise
Bloomberg is reporting a $3b (CNY 17.4b) increase in the use of PBOC swaps in Q1 ... Que forecasts of dollar doom In the first quarter China (PBOC and state banks) bought $180 of fx to keep the CNY from rising --...
Whip Up Profit From Starbucks Stock Using Cheaper-Than-Usual Options
Starbucks (SBUX) is trading with unusually low implied volatility, making out‑of‑the‑money options relatively cheap. A long strangle using a $100 put and $110 call expiring July 17 costs roughly $5.90 per contract, or $590 total risk. Breakeven levels sit near $94.10...
Lossdog Launches AI Platform to Quantify White‑Collar Worth and Hedge Compensation Gaps
Thinkorswim and tastytrade co-founders Tom Sosnoff and Scott Sheridan released Lossdog in April 2026, an AI‑driven platform that delivers a single market‑based compensation figure and a portfolio‑optimization layer for white‑collar professionals. The service aims to counter AI‑induced wage suppression by...
Hedge Funds Go Net Long on US Equities for First Time Since Iran Ceasefire
Hedge funds have moved back to a net long position on U.S. equities, the first such stance since the Iran ceasefire, according to Goldman Sachs prime brokerage data. The shift coincides with record‑high S&P 500 levels, heightened AI‑driven earnings, and...
MCX Gold Futures Slip 0.3% as Silver Holds Near Record, Amid Modi's Gold Appeal
MCX gold futures fell 0.3% to ₹1.52 k per 10 g on May 12, while silver prices edged higher, staying close to all‑time highs. The moves came after Prime Minister Narendra Modi urged citizens to postpone non‑essential gold purchases, a call that weighed...
Mid-Session IV Report May 12, 2026
The mid‑session IV report for May 12 2026 shows a surge in implied volatility for a cluster of tech and mining stocks, with MP Materials hitting a 30‑day IV of 72 and Oklo spiking to 156. Copper prices have risen to $14,000...
Mag 7 Call Sales Hit $45M Today
Since open, there has been some heavy Call-selling on Mag 7. Net $45M Calls sold so far today 👇
This Chocolate Stock Is Beginning to Turn Around After Steep Two-Month Slide. How to Capitalize on It
Hershey (HSY) plunged about 25% over two months, sinking from its March 1 peak of $239.48 to roughly $179. The April 30 earnings report revealed a strong rebound in first‑quarter sales and revenue, sparking a modest price recovery. Technical analysis shows bullish...
SwapsInfo First Quarter of 2026 Review
SwapsInfo reports a 38.1% year‑on‑year rise in interest‑rate‑derivatives (IRD) notional to $174 trillion in Q1 2026, driven largely by overnight index swaps. Index credit‑derivative notional surged 39.8% to $7.4 trillion, while security‑based credit‑derivative volume remained flat with a modest 3% increase. Trade counts...
CME to Launch Compute Futures Market This Year
CME Group $CME just announced plans to launch "compute futures market later this year, pending regulatory review."
MEMX’s Kellner Sees Tech Clients – and Rivals – as Growth Engine for Options Push
MEMX CEO Kellner says the firm will tap technology companies and even rival exchanges as the primary engine for expanding its options business. The strategy arrives as the broader derivatives market eyes new product launches, including a compute futures market...
AI Super Rally Has Retail Investors Acting the Most Aggressive Since Trading Frenzy During Covid
Retail investors are driving the latest AI‑fuelled market rally, snapping up call options on Cboe’s “Mag 10” stocks at the strongest 10‑day pace since 2021. New positions were 52% calls and only 17% call‑selling, signaling aggressive bullish bets. The Nasdaq‑100 surged...
Oil Funds Build Shorts Betting Hormuz Reopening Cuts Prices
Oil funds boost short positions anticipating re-opening of Strait Investors made few significant changes to their aggregate position across crude oil and refined fuels for the third week running as the ceasefire between the United States and Iran remained in place...
Dealer Gamma Surge Mirrors 2021 Upside Momentum
Fascinating data from GS: “On March 27, dealer gamma positioning hit -$7.24bn – the 2nd most negative GEX print on record. Six weeks later, dealer gamma closed Friday at +$21.3bn, now the 8th highest positive GEX reading ever recorded. To put...
Eurodollar Market Faces Stress as Energy Shock Fuels Swap and Futures Strain
Jeff Snider of Eurodollar University warned that the Eurodollar system is under growing strain from energy price volatility and geopolitical risk, threatening dollar‑funded interest‑rate swaps and Eurodollar futures. He highlighted Brent crude at $130 a barrel and futures near $75,...
GPTY Owns The Hottest AI Trade - That's The Problem
YieldMax’s AI & Tech Portfolio Option Income ETF (GPTY) concentrates on AI‑hardware semiconductor stocks, delivering strong exposure to the sector’s recent rally. Its active portfolio has outperformed both QQQ‑based covered‑call ETFs and the QQQ index, thanks to the premium collected...
In Diversification Push, NCDEX Eyes Equity Derivatives Debut in 12 Months, Cash Segment by Year-End
The National Commodity & Derivatives Exchange (NCDEX) announced plans to launch equity derivatives within the next 12 months, targeting a June 2027 debut, and to introduce equity cash‑segment trading by the end of 2026. The rollout will start with a weekly...
How to Unlock the Value of Your Employee Stock Options (and Help Avoid Taking a Financial Hit)
Employee stock options give private‑company executives the right to buy shares at a fixed strike price, turning compensation into a potential wealth‑building asset. Timing the exercise—favoring low‑strike, near‑expiry grants—can protect against downside while preserving upside. Tax treatment varies dramatically: Incentive...
Markets Slide; SPX Futures Test 8‑day Support
Mostly red arrows around the World as markets are allowed a down day. Europe and Asia lower $spx futures -29 as we see if 8day holds to keep current upper speed and composure or does it change a bit. ...
SNDK's 40x Surge Makes Volatility Spike, Options Cheap
Appreciating what high volatility means... SNDK is up ~40x in a year. The vol has justifiably exploded. If you want to bet on it halving by December (ie up 20x from where it was a year ago), the put spreads offer...
WisdomTree Lists Its New ETP on Systematic Put Option Selling on Borsa Italiana, Xetra and the London Stock Exchange
WisdomTree launched the 1‑Day Equity Put Premium ETP on Borsa Italiana, Xetra and the London Stock Exchange, charging a 0.34% annual expense ratio. The product tracks the Daily US Equity Put Premium Total Return Index, which reflects a systematic strategy...
Strike and ATM Vols Drop Amid Market Sell‑off
Seeing this across a lot of ETFs and stocks...strike vols and floating ATM vols are both down which is unusual for such a sell-off but not shocking since we were in spot up/vol up backdrop lately https://t.co/qHBtlXU3vp
SPX Volatility Won’t Decline Without Single‑Name Vol Drops
In other words, difficult for SPX vols to fall without the singles vols coming down
Marex Launches Relative Value Execution Desk
Marex has unveiled a dedicated relative‑value execution desk to serve hedge funds and banks tackling complex fixed‑income and futures strategies. The offering bundles execution, clearing, repo financing and balance‑sheet support into a single principal‑counterparty model, powered by purpose‑built pre‑trade, execution...
VX Futures Ignore Hot Inflation, Expect Transitory Rise
Live from DFW on the way to LAX. $VX futures don't seem to give much of a 💩 about inflation running hot. Must be transitory. https://t.co/VDTd7Pcjyz
Free May Put Spread: Sell on Strength, Capture IV Drop
$ONON "Trade Idea 1: Buy the May 34/32.50-32 1×2 Put Spread for free." sell to close a 34/32.50 put spread near $1.50 on any strength in stock, let IV fall then can buy to close remaining put or watch
Backwardation in Oil: Fading Supply Concerns or Underpricing Risk?
CME Group released a video examining the recent backwardation in crude oil, questioning whether easing supply concerns are driving the shape of the curve or if market participants are underpricing risk. The discussion highlights tighter near‑term pricing versus longer‑dated contracts...
CME and Silicon Data Launch Computing Power Futures
Big news 🧵: CME Group Inc., the largest US derivatives exchange, and Silicon Data are teaming up to create a futures market for computing power, a key factor needed to help power the AI boom. 1/
Wondering How Quickly Warrants Will Accelerate
Starting to wonder just how fast those warrants are going to get accelerated, happy problems in the eucalyptus tree
The $7 Billion Bitcoin Yield Almost Nobody Is Collecting — Yet
The article highlights a framework‑driven strategy that can extract a 7% annual outperformance on the roughly $1 trillion of Bitcoin sitting idle in wallets, translating to a theoretical $70 billion opportunity. Even a modest 10% market capture would generate about $7 billion in...
Silver Futures Break $83.84, Bulls Anticipate Further Rise
The move above $83.84 (4/17 HOD and matching the 12/29/2025 $83.77 HOD) in July Silver Futures has the Silver Bulls fired up again looking for a spike or grind higher. For me, the verdict is still out........ https://t.co/IXv9NqTS6C
Gold Poised for 1980‑Level Peak by 2026
A Peak Like 1980? Gold Is Leaning That Way Gold futures started trading in 1975, peaked near $873 an ounce in 1Q80 and did not breach that high until 1Q08. I see peak parallels in 2026. Full report on the Bloomberg here:...
Wall Street Trades Record $2.6 Trillion in S&P 500 Calls, Boosting Bitcoin Correlation
Wall Street logged an unprecedented $2.6 trillion of S&P 500 call options in one day, a surge that has pushed the rolling correlation between the index and Bitcoin to 0.96. The options frenzy is feeding fresh capital into Bitcoin ETFs and digital‑asset...
Gamma's Throttle Nearly Crushed SPY Bears Yesterday
Do you know where Gamma's Throttle is? It pushed $SPY Bears to the brink yesterday @t1alpha https://t.co/zfPNFKk7Tc
Japan Denies Oil Futures Intervention, Keeps Option Open
Japan has publicly denied it had intervened in the oil futures market Speaking overnight, Finance Minister Satsuki Katayama said Tokyo hadn’t intervened but added the government had never ruled out such an option.
Stock Market Today: Nasdaq, S&P 500, Dow Futures Fall as Wall Street Braces for CPI Inflation Data
U.S. stock futures slipped on Tuesday as the tech‑heavy Nasdaq 100 fell 0.7% and the S&P 500 slipped 0.4% ahead of the April Consumer Price Index release. Investors are watching the CPI, expected to rise 3.7% year‑over‑year, for clues on...
Markets Price Probabilities, Not Perfect Price Predictions
Some will say the collapse of Brent dated futures is evidence that markets are very wrong about oil prices But markets are not designed to produce “correct” answers. They are mechanisms for pricing probabilities under uncertainty and optimizing near-term profit. Why...
Judge Warns Absurd Outcomes From Expanding Swap Definition
Wisconsin federal judge highlights the "absurd results" that could flow from defining a 'swap' to include sports-event contracts," noting that the CEA makes it "unlawful for any person to enter into a swap" outside of a DCM. https://t.co/FLWyiU7RPy
Mochatrade Launches INR‑funded US Stock Futures with 50x Leverage
Mochatrade (@mochatradeapp) is a perpetual futures trading platform that gives Indian traders access to 50+ US stocks (Tesla, Nvidia, Apple), indices and crypto - funded in INR via UPI, with up to 50x leverage, available 24/7. Congrats on the launch, @theblackmanda,...
Haters Become Admirers: Embrace Criticism for Growth
First Officer Finris gets in BMNR....now posting VIX, same one Nikko said you couldn't use to gauge the market & I was wrong🧐 Imitation is the sincerest form of flattery🤗 This is why you must always love your haters they are confused...
VIX Crash Didn't Trigger Market Decline, Stocks Rose
HISTORIC CRUSHED VIX $VIX just went from above 31.50 to below 16.20 within 27 trading days (intraday, not at the close). A massive turnaround in a very short time. How massive? There's only been one time in the history of $VIX that...
Record S&P Highs Paired With Rising Hedge Demand
S&P 500 closed above 7,400 for the first time ever today. New all-time high. And on that exact same green day, the VIX surrogate (VXX) rose 1.5%. Friday it rose 0.6% on the prior ATH. Two consecutive record closes where...