Slow overnight trade and minimal option activity. Eurodollar STIR futures traded higher without any real data points.
Minimal action overnight as futures trade in a tight range. That changed after the release of the September CPI data. Algos initially read the headline number as weak, and futures ticked up. However, core CPI, at 2.4% YoY, was the strongest reading since late 2008, and futures traded down to the bottom of the day’s range.
Futures traded on their lows for the session prior to the pit open. After a disappointing PPI release, futures moved progressively higher throughout the trading session, closing off mid-morning highs.
Trades we are monitoring today. If you’re also looking at the Silver Options this might be a trade that’s worth a look.
Trades we are monitoring today. this structure caught our attention, as being one of few value trades that was being executed. The market focus seems to be entirely centered on ramming up the value of Call structures.
It seemed the market had a hard time deciphering the Payroll data, as interest rate futures traded their entire range immediately after the number. Blame it on the algos and low liquidity.
Futures were relatively quiet overnight, hovering around the day range lows. They then marched steadily higher over the day as talk turned to economic weakness both at home and abroad.
Relatively quiet overnight session as futures hover above range lows. That all changed with the release of the ISM Manufacturing numbers, which disappointed with the lowest reading since 2009. Futures spiked to their session highs and settled near those highs.
Very quiet overnight session, only 10K options volume prior to pit open. Futures traded near their session lows prior to a weak Chicago PMI number that rallied us to the top of our day range, where we ended the session.
Slow day as markets took in geopolitical news. Majority of Eurodollar futures curve trades in 5 tick range. Very low options volume.