Category Archives: option
Someone Just Made $60 Million Betting That The Crowd Is Wrong
Over the weekend we warned that just as everyone was convinced that the yield curve can only flatten from here, and was positioned massively on the long side of the 30Y future, the opposite was about to happen, and in a tweet highlighting the record net spec long positioning in 30Y futures, we said “here […]
Eric Peters: “We Are Investing As If 1987 Will Happen Tomorrow, Because It Will”
Excerpted from the latest weekend notes from One River Asset Management, courtesy of CIO, Eric Peters Speculation “People are no longer investing, they’re speculating,” said the CIO. “Is that wrong?” he asked, not waiting for an answer. “Depends on what you’re speculating in.” Investors are implicitly worried about further price gains, they’re not really forecasting […]
It Has Never Been Cheaper To Hedge A Market Crash Using This One Trade
In mid-August, at the height of the North Korea geopolitical turbulence, and amid uncertainty about the Fed balance sheet unwind, fears of a government shutdown and the US debt ceiling, as well as the fate of Trump tax reform and Obamacare repeal, when the VIX soared following a series of missile launches by Kim Jong […]
How To Hedge A Near-Term Market Shock: Here Are The Best Trades
As we showed earlier today, last Thursday’s unexpected, historic VIX explosion, driven by a surge of geopolitical worries about North Korea, and subsequent collapse was remarkable in both how fast and furious it was both on the way up and then, on the way down.As Bank of America said “both the spike in vol and […]
CFTC Approves Options Trading In Bitcoin
US regulators aren’t yet comfortable with bitcoin ETFs (although a quad-levered S&P ETF is just fine for mom and pop), but apparently options and swaps are another story. This week, the CFTC took a bold step forward in terms of granting institutional investors access to the bitcoin market, approving the creation of the first SEF […]