Today’s release of Case Shiller indices for January had few big surprises. MIA and WDC were up, while SFR and CHI had the largest % declines. WDC and NYM had slight downward revisions. There were two trades – one in … Read More
Archive for March 2012
In a week dominated by statistics that report on what has happened, the most useful press release (in my mind) is the quarterly Zillow survey of home price expectations. This survey, much like trading here, looks forward to shed a … Read More
Trading for options on CME Case Shiller futures will commence on April 2nd. Here’s a table of the regions, expirations and strikes (highlighted in yellow) where market making will be initially be focused.
As the CME announced earlier in the … Read More
A few notes:
1) I have been eyeing a calendar spread quote that I finally traded (a portion of) this morning. LAXQ13/X13 traded at -80 and was quoted -80/-60 (2×3) on the follow. I think that this spread is interesting … Read More
How can it be that despite two different economies, two different approaches to mortgages (judicial friendly vs. not), two different histories of housing bubbles (one mild/ one wild), two different weather patterns, two different approaches to addressing state pension issues, … Read More
Yesterday’s blog focused on one set of calendar spreads (X15/X16) across a number of regional contracts. Today I want use the relative tightness in the LAX contract to illustrate how calendar spreads are more frequently used within a region.
The … Read More
Yesterday, for the first time in recent memory, there were two sets of calendar trades. There were two CUSX15/X16 spread trades at -5.0 points and 1 CUSX15/X16 trade at -4.2 points. These trades are important, and useful, as they give … Read More
Two weeks ago, when the Case Shiller index numbers for December were released, I mentioned that the WDC index came in dramatically lower than expected by the Feb ’12 contract prices. I noted then that the WDC index had been … Read More
The CME announced today that Globex (electronic) trading of selected options on the Case Shiller futures will begin on Sunday April 1st. (See link-below) The CME has designated four regional contracts (CUS, CHI, LAX and NYM) where options will be … Read More