TODAY'S FUTURE PRICE ACTION

Prices are as of 3:15 p.m. CT
TODAY'S FEATURED VIDEOS
KEY TAKEAWAYS WITH CRAIG

A relatively quieter day in the financial and commodity markets as US Equity indexes recovered from earlier losses to trade slightly higher in late afternoon trading, WTI Crude Oil futures prices were near steady on the day as were Treasury future prices and Bitcoin futures prices recovered a fraction of the recent declines, trading about 2.5% higher at around 3700.  Implied volatility in the E-mini S&P 500 options was initially higher with the earlier price declines but was trading near yesterday’s levels in late afternoon action. 

We want to keep a spotlight on the British Pound futures and options markets as volatility remains elevated while uncertainty over the Brexit deal lingers.  As you can see from the graph below that depicts January implied volatility in British Pound options, the current level of 13.19% is substantially higher at this point in December than in any year since 2007, other than 2009 when Europe was in the midst of the financial crisis.  Incidentally, the bottom graph shows that the price level is a the lowest level, save for 2007 as well. 

Craig Bewick has spent 20 years in futures and options markets, starting at CBOT and CME working in risk management, regulatory, technology, product management and client development. 

After 8.5 years with WH Trading LLC, Craig returned to CME Group as the Director, Client Development and Sales, working to educate and promote futures trading. Craig currently writes for InFocus Options Corner.

Connect with Craig at activetrader@cmegroup.com
MARKET HIGHLIGHTS

Equity Indexes

U.S. Stocks Rise Amid Trade Talk; Dollar Advances: Markets Wrap

(Bloomberg) -- Stocks rose as investors assessed the chances for a detente in the U.S.-China trade tussle. The dollar gained, while Treasuries edged lower.The S&P 500 advanced for a second day in
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Energy

Crude Sputters as Supply Outlook Darkens and Trade Woes Multiply

(Bloomberg) -- Oil closed a volatile day back in negative territory, weighed down by uncertainty over OPEC’s appetite for curbing output as the rising dollar and renewed trade tensions diminished crud
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