Daily Futures Trading Update
Futures Market Insight w/John Caruso – 05/30/2019Posted 05/30/2019 12:06PM CT |
27% implied volatility PREMIUM vs 30 day realized – what does this mean? It means Wall Street is pretty well hedged against more near-term market volatility. We like shorting into an implied volatility DISCOUNT – because that means the market has moved into a state of complacency and is discounting the idea of any more near-term volatility vs 30-day realized. According to our market range on the S&P 500 – you could absolutely see a 2-3% bounce in the near-term. Watch out for Richard Clarida banging on the gong later today – could be a catalyst for an afternoon market pump in stocks. Stay patient.
Oil: flat on the day, following a fairly strong bounce off of the lows late yesterday – watch OVX – the Oil volatility index is now bullish trend above 36.00= Not usually indicative of higher prices in the Energy space
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