Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "CBOE"


25 mentions found


The action quickly and sharply reversed back to the upside Friday after blowout earnings reports from Alphabet and Microsoft . In the week ahead, earnings are likely to drive the action again, though we'll get a few important macroeconomic reports. Earnings: We've got the biggest week of the earnings season ahead of us, with 12 Club holdings set to report. Eli Lilly 's report Tuesday morning continues to be all about sales of type-2 diabetes treatment Mounjaro and weight-loss drug Zepbound. In DuPont 's report Wednesday morning, we're looking for a continued rebound in its semiconductor business following a sequential increase last quarter.
Persons: Ford, we'll, Dow Jones, We've, Buckle, Eaton, Eli Lilly, Lilly, We're, Estee Lauder, Fabrizio Freda, we've, Linde, Bausch, Royal Philips, Woodward, SIRI, Archer, Johnson, Stanley Black, Decker, BAX, Cardinal Health, Parker, Belden, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Microsoft, Meta, Google Search, Big Tech, Nvidia, Broadcom, Ford Motor, Honeywell, Danaher, Labor Department, Labor, PMI, Services PMI, GE Healthcare, Amazon Web Services, Starbucks, Deutsche Bank, DuPont, Bausch Health, U.S ., Appeals, Apple, iPhones, Vision, ON Semiconductor, Resource Partners, Franklin Resources, Paramount, Transocean Ltd, Semiconductors, Arch Capital, Logitech International, Lattice Semiconductor, F5 Networks, Sanmina Corporation, GE HealthCare, PayPal, 3M Company, McDonalds, Enterprise Products Partners, Cola Company, Melco Resorts, Entertainment, SiriusXM Holdings, Oatly, American Electric Power Company, Leidos Holdings, Marathon Petroleum, Daniels, Midland Co, Equitrans Midstream Corporation, HSBC Holdings, HSBC, Devices, Caesars Entertainment, Lumen Technologies, Mondelez, Pfizer, CVS Health, Barrick, Mastercard Inc, Cruise Line Holdings Ltd, Kraft Heinz Company, Marriott International, Ares, Generac Holdings, Johnson Controls, Cenovus Energy Inc, Qualcomm, Devon Energy, Paycom, Axcelis Technologies, Coeur D'Alene Mines, Sunnova Energy International, MGM Resorts International, MGM, Solar Inc, Oil, Allstate, Co, Tenable Holdings, Enovix Corporation, Gladstone Capital, Avis Budget Group, eBay, EBAY, LIN, Novo Nordisk, Natural Resources, PENN Entertainment, Apache, ConocoPhillips, InMode Ltd, Baxter International, Cardinal, Regeneron Pharmaceuticals, Apollo Global Management, LLC, Cinemark Inc, Dominion Energy, Coterra Energy, Coinbase, Bill.com Holdings, Booking Holdings, United States Steel, AXT Inc, Materials, Energy, Hershey Company, XPO Logistics, Cboe, American Pipeline, Amneal Pharmaceuticals, Brookfield Business Partners, Brookfield Renewable Corporation, Magna International, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Bloomberg, Getty Locations: U.S, megaprojects, China, Eaton, Corning, Coeur D'Alene, Albemarle, ALB, Novo, New York
With interest rate uncertainty on the rise across the market, it may be time to buy stocks with a demonstrated history of low volatility. The Cboe Volatility Index — a yardstick of expected market volatility — briefly rose above 21 on Friday, its highest level since last October. The insurance stock currently has a 5-year beta of 0.54 relative to the S & P 500, and a price volatility score of 6.28. With a 5-year beta of 0.78 versus the S & P 500 and a 5-year price volatility score of 6.50, medical equipment maker Boston Scientific also turned up on the screen. Compared to the S & P 500, Merck's 5-year beta comes in at 0.39, while its 5-year price volatility scores a 6.06.
Persons: Joanne Wuensch Organizations: CNBC Pro, Boston Scientific, Citigroup, Boston, Pharmaceutical, Merck, Food, NextEra Energy Locations: UnitedHealth
It's called a managed futures strategy. That's according to iM Global Partner, which has the largest exchange-traded fund — iMGP DBi Managed Futures Strategy ETF (DBMF) — that copies the strategy. Meanwhile, a managed futures strategy, with its short-term approach across stocks, bonds, commodities, and currencies, is generally uncorrelated to longer-term bond and stock market performance. From January to October 14, 2022, for example, the Credit Suisse Managed Futures Strategy (CSAIX) was up around 26%. iMGP DBi Managed Futures Strategy ETF (DBMF)January-October 14, 2022 returns: 33.9%2024 year-to-date returns: 13.1%Assets under management: $988 millionFirst Trust Managed Futures Strategy Fund (FMF)January-October 14, 2022 returns: 15.7%2024 year-to-date returns: 7.3%Assets under management: $144 millionKFA Mount Lucas Managed Futures Index Strategy ETF (KMLM)January-October 14, 2022 returns: 50%2024 year-to-date returns: 8.8%Assets under management: $284 millionSimplify Managed Futures Strategy ETF (CTA)
Persons: It's, , Andrew Beer, Seth Klarman's, Beer, we've Organizations: Global, Business, Treasury Bond ETF, Credit Suisse, Morningstar, Lucas Locations: DBMF, lockstep, VettaFi
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe spike in VIX this month hasn't been unexpected, says CBOE's Mandy XuMandy Xu, CBOE Global Markets head of derivatives market intelligence, joins 'Squawk Box' to discuss the latest CBOE Volatility Index (VIX) trends, the potential for rates volatility spilling into equity markets, earnings season, and more.
Persons: Mandy Xu Mandy Xu Organizations: CBOE
Here are the 6 stocks that rise when Nvidia shares fall
  + stars: | 2024-04-19 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Six stocks in the S & P 500 rise often whenever Nvidia shares fall, according to a CNBC Pro analysis. A correlation of 0 would indicate no statistical link between Nvidia's stock and the share price of the six companies. Correlated returns also do not indicate causation or guarantee future returns or price action patterns. The below table highlights the 10 stocks in the S & P 500 with the strongest inverse correlation with Nvidia's share price. Trivariate Research's Adam Parker also named eight steady growth stocks that could replace Nvidia if investors are concerned that they are overexposed to it.
Persons: Jack Daniel's, Brown, Forman, Henry Schein, Katie Stockton, Trivariate Research's Adam Parker Organizations: Nvidia, CNBC, Electronic Arts, CNBC Pro Locations: U.S, lockstep
Several major gauges of fear in the market are reflecting increased alarm from investors. @VX.1 1Y mountain The VIX over the past year At the same time, CNN's Fear and Greed Index has tipped into "fear" territory this week. Rising oil prices have also weighed on the stock market, as commodity traders bought in on expectations of escalating conflict in the Middle East. But he said the key threat to this outlook is if the conflict in the Middle East further spirals. "But, the caveat is, if things really go sideways in the Middle East, that could change the calculus."
Persons: Goldman Sachs, Alex McGrath, You've, Dow, Jason Heller, Heller Organizations: Federal Reserve, Nasdaq, Dow, Treasury, Coastal Wealth Locations: East, Iran, Israel
U.S. stock futures were little changed Monday night after a losing day for the major benchmarks. S&P 500 futures and Nasdaq 100 futures flickered near the flatline. The 30-stock Dow dropped 248 points, or 0.65%, in its sixth straight losing day. Those losses follow a rise in yields that had investors shrugging off strong earnings from Goldman Sachs , as well as hot retail sales data. Big bank earnings are set to continue Tuesday, with the release of results from Bank of America, Johnson & Johnson and Morgan Stanley.
Persons: Dow, Goldman Sachs, we're, Lauren Goodwin, CNBC's, Johnson, Morgan Stanley Organizations: Dow Jones Industrial, Nasdaq, Treasury, Saturday, New York Life Investments, Bank of America, United Airlines, Traders Locations: Israel, U.S, UnitedHealth
Options premiums are rising and we'll discuss how to take advantage of that by generating income through a covered call options strategy. First the consumer price index inflation data came in hotter than expected on Wednesday. The expectation had been that the pace of inflation – once those year-over-year price increases were in place — would slow in March. Since then, the "average" level of the VIX Index is 19.53. Holders could therefore look to options to potentially provide some yield if they are expecting less capital appreciation.
Persons: Warren Buffett, 28th's, Buffett Locations: Europe, Iran, Israel, Lebanon, United States, Domino's
Conflict in the Middle East escalated over the weekend as Iran launched drones and missiles at Israel, and traders braced for a response. Investors have already been on edge as of late amid climbing oil prices and recent economic data that shows inflation is remaining sticky. Rockier times could be ahead, too, noted Paul Christopher, head of global investment strategy at Wells Fargo Investment Institute. Tax-loss harvesting involves selling losers in your taxable account and using these losses to offset realized gains within your portfolio. Extending duration involves adding exposure to bonds with greater price sensitivity to changes in rates.
Persons: Paul Christopher, Christopher, rebalancing, Gargi Pal Chaudhuri Organizations: Wells, Wells Fargo Investment Institute, Information Technology, Communications Services, BlackRock, Treasury Bond ETF Locations: Fresh, Iran, Israel, Wells Fargo, BlackRock
How the corporate America is handling sticky inflation and the prospect of higher interest rates will be top of mind for investors in the week ahead, after this week's choppy moves. The first-quarter earnings season, which kicked off Friday, will give Wall Street insight into how businesses expect to weather an environment of elevated interest rates. More macro data, such as U.S. retail sales, will give insight into how the consumer is handling higher pricing pressures. First-quarter earnings season underway The corporate earnings season kicks into high gear in the week ahead. This week, the small cap Russell 2000 is on track for a losing week, down by more than 1%.
Persons: Bob Doll, CNBC's, Wolfe, Rob Ginsberg, Ginsberg, Goldman Sachs, Morgan Stanley, FactSet, Robert Haworth, Haworth, Charles Schwab, Johnson, D.R, KeyCorp Organizations: Dow Jones Industrial, Exxon Mobil, Costco, Apple, Crossmark, Investments, Investors, Bank of America, Consumer, U.S . Bank, Index, Retail, T Bank, Housing, Manufacturing, Hunt Transport Services, United Airlines, Johnson, Bank of New York Mellon, UnitedHealth Group, Northern Trust, CSX, Discover Financial Services, Prologis, U.S . Bancorp, Philadelphia Fed, American Express, Procter, Gamble, Fifth Third Bancorp, Schlumberger Locations: America, China, NAHB, Vegas Sands, U.S, Horton
The S & P 500 is up over 21% in the last five months, this parabolic move higher urges me to establish a hedge. I seek to protect profits and capitalize if the S & P 500 decides to reverse course and test the will of the bulls short-term. SPY 1Y mountain SPDR S & P 500 Trust (SPY) The S & P 500 is coming off a 10% gain for the first quarter, its best start to a year since 2019. However, stocks saw volatility return this Thursday as equities stumbled in an unusual trading session with a near 2% intraday bearish reversal in the SPDR S & P 500 ETF (SPY) . In the event the market moves higher, you have defined your risk in this spread and any long equity exposure you may have to the S & P 500 should offset this trade.
Organizations: Treasury Locations: U.S
Meme stocks, which gained popularity through social media platforms like Reddit and Twitter, have attracted retail investors looking to make a quick profit. In 2021, GameStop shares skyrocketed by more than 1,500% in just a few weeks, driven by a coordinated effort from retail investors on the Reddit forum r/WallStreetBets . This means that retail investors are often in a disadvantaged position when trading. Cashing in So, what can investors do to capitalize on the trading phenomenon without taking on the risks associated with meme stocks? Gooch-Peters suggests looking at the exchanges themselves, citing Intercontinental Exchange (ICE) as an example.
Persons: Hannah Gooch, Peters, Gooch, Gerry Fowler, Fowler Organizations: GameStop, Sanlam Investments, Twitter, UBS, Intercontinental Exchange, ICE, Quality, New York Stock Exchange, Nasdaq, CBOE
Some of the key drivers that drove stocks to record highs in the first three months of the year are being undermined, leading to Tuesday's sell-off, according to investor James Abate. "Stocks are priced for perfection and for them to move higher or avoid a correction you needed rates to either go down and/or profits to move higher. Outside of macro and micro data, the stock market's woes have been exacerbated by rising geopolitical tensions, Abate added. The underperformance in the Russell 2000 small-cap index means that this market selloff isn't solely contained to high-flying tech stocks. Abate manages the Centre American Select Equity Fund, which has returned 8.9% year to date compared to its category average of 9.7%, according to Morningstar .
Persons: James Abate, Abate, Tesla, Russell, Wall Street's, Morningstar Organizations: Dow Jones, Nasdaq, Centre Asset Management, CNBC, Federal Reserve, Dow, American, Equity Fund, Apple, Microsoft, Nvidia Locations: Syria
But with the market at an all-time high, now is probably a good time to hedge against potential downside, experts say. That's especially the case because there's an elevated degree of risk facing stocks, and the cost of some insurance measures is historically cheap. Related storiesThe S&P 500 also looks overextended on a technical basis, according to many measures. AdvertisementRosenberg Research"The definition of a stretched market is one when the S&P 500 gaps 14% or more above the 200-day trendline. Beyond extreme, in fact — back to 1928, the S&P 500 has only drifted this far above the moving average 7% of the time," Rosenberg said.
Persons: Jim Smigiel, they've, Louis Fed, Phillip Colmar, Colmar, David Rosenberg, Rosenberg, Steve Sosnick, we're, Smigiel, Sosnick Organizations: Service, Nvidia, Microsoft, Bank of America's, Survey, Bank of America, SEI, Fed, Louis Fed Inflation, MRB Partners, Rebels, Rosenberg Research, Interactive Brokers Locations: Ukraine, Russia, Israel, Palestine, Suez
I'll explain here and provide some examples of smart options hedges to put on from here. The Fed reiterated a forecast for three rate cuts this year while signaling that they may tolerate inflation rates above their stated 2% target for a longer period. .VIX 5D mountain CBOE Volatility Index, 5 days As I write this, the VIX Index is now roughly 12.8. In the case of SPDR S & P 500 ETF Trust (SPY) options for example, the implied volatility of the April 30th expiration $500 strike puts, as measured by implied volatility, fell from nearly 13.9% before the Fed announcement, to about 13.5% following. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: Jerome Powell, SPDR Organizations: Federal Reserve, Fed, Trust Locations:
New York CNN —The New York Stock Exchange opens every workday morning at 9:30 am ET with the fast-paced bang-clang of a gleaming brass bell. The stock exchange, the largest in the world by market capitalization, has opened with sonic fanfare for more than 150 years. From Wall Street to the Nasdaq Exchange in Times Square to the Chicago Board Options Exchange, loud, ringing bells bookend each trading session. Stock exchanges say that the bell ringing remains both a critical guide and a ceremony that celebrates the market’s resilience through devastating lows and exuberant highs. The stock exchange had been closed since two hijacked commercial airliners were deliberately crashed into the World Trade Center's twin towers on September 11.
Persons: there’s, , Peter Asch, Reagan, Ronald Reagan, Serena Williams, Nelson Mandela, Richard Grasso, Henny Ray Abrams, David Howson, Scott Olson, Howson, Mark McCooey, Morgan Stanley, ” McCooey, Karen Snow, Brendan McDermid, Barbie, Barbie ”, , Chris Hondros, Trudi Wagner, Wagner, Ronald Moser, Wagner That’s, Goldman Sachs, ” Wagner Organizations: New, New York CNN, The New York Stock Exchange, Nasdaq Exchange, Exchange, New York Stock Exchange, Jersey Shore, NYSE, Former South African, Getty, Cboe, yanks, Nasdaq, Microsoft, UN, United Nations, Bell, Warner Bros, Warner Bros ., World Trade Center, Trade Center, United, New York Stock, Trade, Dow Jones Locations: New York, Chicago, Jersey, Asch, AFP, York, Chicago , Illinois, New York City, America, United States, New Jersey, Manhattan, Charleston , South Carolina
Arun Prakash from Goldman's derivatives research team proposed an options trade focused on the Cboe Volatility Index , or "Vix," to hedge against a market selloff. .VIX 5Y mountain The Cboe Volatility Index has been trading at an unusually low level in 2024 so far. Generally speaking, a call option gives the holder the right to buy the underlying asset at the strike price, and serves as a bet that the asset will rise above the strike price. "Over the past 30+ years, VIX has averaged 19 in April, and we see upside risks to the current low VIX levels given current macro environment and upcoming macro/micro catalysts. If the Vix does not rise above the strike price before the options contract expires, the trader loses the premium paid for the contract.
Persons: Goldman Sachs, Arun Prakash, Prakash, hasn't, That's, Goldman, VIX, — CNBC's Michael Bloom Organizations: Reserve
The magnitude of Nvidia's run is simply mind boggling, with the stock adding $1 trillion in market value in about two months. Trying to short this parabolic stock is what we used to call in the trading pits of Chicago, a "widowmaker." However, I believe that once Nvidia (NVDA) hits $1,000 it might actually be due to take a breather. Overbought territory Typically, an investor will buy a put if they think a stock is overbought or are concerned it will fall. That being said, Nvidia was trading at the same RSI level of 86 in early February while trading at $693, nearly $300 ago.
Persons: NVDA, Long Organizations: Nvidia, Apple, Microsoft Locations: Chicago, Downside
The broad market index has also posted gains in 16 of the last 18 weeks — something that, according to Deutsche Bank strategist Jim Reid, hasn't happened since 1971. However, some on Wall Street now fear the market may have overextended itself to the upside, clearing the way for a pullback from record levels. BTIG chief market technician Jonathan Krinsky also noted there's a divergence never before seen in Big Tech. Volmageddon refers to a massive volatility spike in early 2018 in which the Cboe Volatility Index (VIX) more than doubled to more than 50. Bottom line: A short-term pullback in stocks could take place soon, if history is any guide.
Persons: Jim Reid, hasn't, Chris Montagu, Citi's, Jonathan Krinsky, Krinsky Organizations: Deutsche Bank, Nasdaq, Federal Reserve, Apple, RSI Locations: Big Tech
The Simplify Tail Risk ETF , which trades under the cheeky ticker "CYA," is headed for liquidation later this month after a brutal money-losing stretch. CYA 1Y mountain Simplify's Tail Risk ETF has been beaten down by the market rally. "Tail protection, which was heavily desired in 2020, has no bids right now. And that way if you're losing money on it, and it's a tail risk ETF where you're buying a put [option], then you understand why that's happening," Armour said. "A tail risk ETF is going to go potentially over a decade without working, and that's okay.
Persons: Michael Green, Green, subpar, Bryan Armour, Armour, CYA, Philip Toews, Vix, Toews Organizations: CNBC, Fidelity, North, Asset Management Locations: North America
Next week, the first full trading week of March, macroeconomic concerns will take center stage for investors. Next week, the Fed chief is largely anticipated to stick to the same talking points in testifying before Congress. In fact, the February jobs report, due out next Friday, is expected to show a moderation in payroll gains. Hourly Earnings preliminary (February) 8:30 a.m. Average Workweek preliminary (February) 8:30 a.m. Manufacturing Payrolls (February) 8:30 a.m. Nonfarm Payrolls (February) 8:30 a.m. Private Nonfarm Payrolls (February) 8:30 a.m. Unemployment Rate (February) — CNBC's Michael Bloom, Jeff Cox and Yun Li contributed to this report.
Persons: Jerome Powell, Powell, Shannon Saccocia, Kim Forrest, Webull, Michael Hartnett, CNBC's Yun Li, Melissa Brown, Brown, Wealth's Saccocia, Saccocia, Nonfarm Payrolls, , Michael Bloom, Jeff Cox, Yun Li Organizations: Federal, Fed, Capitol, Nasdaq, Dow Jones, FactSet, Barclays, Bokeh Capital Partners, Labor Department, Bitcoin, BofA Global Research, Apple, Nvidia, Ross Stores, Costco Wholesale, Kroger, . Semiconductor, Broadcom, PMI, PMI Services, Services PMI, Ross, Target, ADP, Labor, Consumer Credit Locations: U.S, REITs, Japan
I remain optimistic on markets during this election year of 2024, but here is a short-term trade strategy that profits if volatility returns and profit taking becomes a theme during the last month of the first quarter. The S & P 500 and the tech-heavy Nasdaq each notched their best February returns since 2015, while the Dow had its best February since 2021. This is noteworthy as historically there has been "seasonal" weakness associated with February returns, due to portfolio repositioning and earnings season disappointments. With 97% of S & P 500 companies reporting actual results, investors have seen 73% of these firms exceed EPS estimates while the S & P 500 reported growth of 4.0%, according to FactSet. It is more about the opportunity I see at these overbought levels as the SPDR S & P 500 ETF (SPY) is trading at RSI levels of 76.
Persons: Dow, Kilburg Organizations: Nasdaq
Couple this with the multiple signals for exhaustion that are typical near market tops, it warrants taking action. Troubling technical signs We've seen the SPDR S & P 500 Trust (SPY) and Invesco QQQ Trust (QQQ) both exhibit higher highs in price while momentum and their advance-decline lines print lower highs. And lastly, these same signals are showing up across the major sectors, and individual stocks that have led this rally such as Nvidia. Overall, these are signs of exhaustion for this rally and raises the probability of a pullback. With the Wall Street's fear gauge, the CBOE Volatility Index ( VIX) , trading just above 13, purchasing downside protection on a portfolio using SPY options is relatively inexpensive.
Persons: Zhang Organizations: Nvidia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMuni trends of 2024: Nuveen's Daniel Close on the search for yieldDaniel Close, Nuveen's head of municipals, joins 'The Exchange' from the CBOE trading floor to discuss 2024 muni inflow trends, the value of tax exemption in munis, and more.
Persons: Nuveen's Daniel Close, Daniel Close Organizations: Muni Locations: munis
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors are bullish on Big Tech, are using options to play potential market broadening: CBOE's XuMandy Xu, CBOE head of derivatives market intelligence, joins 'Fast Money' to talk investor sentiment around Nvidia and how that's playing out in the options market.
Persons: Xu Mandy Xu, CBOE Organizations: Big Tech, Nvidia
Total: 25