Average Daily Options Volume jumps to an all-time high.
Source: Barchart @Barchart
ALL DAY TRADING IS COMING??
This start-up stock exchange just won approval from the US SEC to allow nonstop trading 23 hours a day, 5 days a week. Trading technology pioneer Dmitri Galinov's 24 Exchange has secured regulatory approval to launch what could become America's first near round-the-clock equities trading venue, marking a potential watershed moment for US market structure. The extended hour trading is subject to Equity Data Plans making changes that would facilitate overnight trading hours and 24X National Exchange making an additional rule filing with the SEC confirming the changes and the Exchange’s ability to comply with the Securities Exchange Act. The Securities and Exchange Commission (SEC) has greenlit 24X National Exchange, the latest venture from Galinov, who previously founded FastMatch - now Euronext FX - and held senior roles at Direct Edge. The approval represents a significant milestone for the firm, which has been steadily expanding its trading offerings since its 2019 launch. The exchange will roll out in two phases, with initial trading hours from 4:00 AM ET to 7:00 PM ET on weekdays, starting in the second half of 2025. The second phase would extend trading from 8:00 PM ET Sunday through 7:00 PM ET Friday, subject to approval from Equity Data Plans and additional SEC requirements. A one-hour operational pause will occur during each trading day to accommodate routine software upgrades and functionality testing. (Source: www.liquidityfinder.com)
Options traders are betting 10-Year Treasury Yields could rise as high as 4.9% in the coming months
Source: Barchart, Bloomberg
🚨MARKET SPECULATION LEVEL HAS RARELY BEEN GREATER🚨
Retail traders' activity share in the options market SPIKED to 20% last week, the highest level ever recorded. Retail is piling into options at a much faster pace than during the 2020 retail trading bonanza. Source: Global Markets Investor, JP Morgan Quant
Investors are currently holding one of the lowest long positions in WTI oil contracts in the last ten years.
Surce; Bloomberg, Tavi Costa
Is the SP500 trading out of sync with other markets?
Source: zerohedge, Morgan Stanley
Goldman Sach's Head of Global Markets Scott Rubner believes the "pain trade" for US stocks is higher
Source: Bloomberg
CTAs are projected to sell global stocks in every single scenario over the next week, up to a total of $64 billion if the market trades lower, warns Goldman Sachs!
Source: GS, Barchart
