TWIFO 202: The Next Big Thing - Options on Micro E-Minis

TWIFO 202: The Next Big Thing - Options on Micro E-Minis    

• HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
• CO-HOST: SEAN SMITH, FTSE RUSSELL
• CME HOT SEAT: TIM MCCOURT, MANAGING DIRECTOR AT CME GROUP, GLOBAL HEAD OF EQUITY PRODUCTS 

ON TODAY'S EPISODE, MARK, SEAN AND TIM DISCUSS:

EQUITIES:

• HAPPY 1 YEAR ANNIVERSARY TO MICRO E-MINIS
• CME TO LAUNCH OPTIONS ON MICRO E-MINIS
• CME S&P 500 OPTION BLOCKS
• PRELIMINARY US INDEX ADD & DELETE LISTS POSTED TO THE FTSE RUSSELL WEBSITE AFTER 6PM US EASTERN TIME ON JUNE 5. CLICK ON THIS LINK FOR INFORMATION ON THE RUSSELL RECON

CRYPTO

CME BITCOIN FUTURES

• AVERAGE DAILY VOLUME (ADV) OF +8,550 CONTRACTS (+42,750 EQUIVALENT BITCOIN) UP 15% COMPARED TO THE SAME PERIOD IN 2019
• RECORD OPEN INTEREST OF 10,878 CONTRACTS (+54K EQUIVALENT BITCOIN) ACHIEVED ON MAY 19, 2020
• IN MAY, NEW RECORD NUMBER OF LARGE OPEN INTEREST HOLDERS (LOIHS) REACHED: 75

CME BTC OPTIONS (LAUNCHED IN JANUARY 2020)

• AVERAGE DAILY VOLUME OF 81 CONTRACTS (404 EQUIVALENT BITCOIN) FOR 2020 TO DATE
• RECORD SINGLE-DAY VOLUME OF 1,418 CONTRACTS (7.1K EQUIVALENT BITCOIN) ACHIEVED ON MAY 28, 2020
• RECORD OPEN INTEREST OF 5,435 CONTRACTS (27.2K EQUIVALENT BITCOIN) ACHIEVED ON MAY 29, 2020

FUTURES OPTIONS FEEDBACK

• QUESTION FROM MELTZER: DO YOU HAVE ANY UPDATES ON A FIRM LAUNCH DATE FOR MICRO OPTIONS?
• QUESTION FROM ALLENZ: WILL WE EVER SEE A LISTED INDEX SKEW PRODUCT? I KNOW THERE IS A SKEW INDEX BUT NOTHING TRADEABLE THAT I'M AWARE OF.
• QUESTION FROM SPOTL3GHT: WHAT’S YOUR FAVORITE TRADE TO TAKE ADVANTAGE OF THE SHIFTING SKEWS THAT YOU ARE ALWAYS HIGHLIGHTING ON YOUR SHOW. HOW SHOULD I BEST TAKE ADVANTAGE OF THIS INFO AS I FEEL IT’S VERY ACTIONABLE?