Basics

Basics: OK, so you’re bearish. What to do besides selling your house?

It seems that a growing numbers of commentators are becoming ever-louder in their bearish views.  Yet few give their readers any practical advice as to how to put this “knowledge” to work.  Are they suggesting that people sell their houses … Read More

Basics: InterCity Spreads -converted to relative % gains

I continue to believe that while traders may approach outright markets with some caution that they can be more aggressive when expressing views of relative performance.  That is, they may not have a precise view about how much the LAX … Read More

Baiscs: CUS (10-city) Calendar Spreads

I had promised in the monthly recap for February to update a table of the HCI/CUS (10-city index) calendar spreads for the November expiration series.  Here you go.

Understanding calendar spreads is critical to trading housing futures, as the spreads … Read More

Basics: Historical Volume, Open Interest 2006-2013

In working to update the marketing book, I compiled historical open interest and volume data from the CME covering the period 2006-2013 into two tables in the Reports section (or that one can access here volume, open interest) … Read More

Updated marketing book for CME S&P Case Shiller futures

I have taken some of the graphs from month-end recaps and used them to update my marketing book for the CME S&P Case Shiller home price index futures.  The presentation is in the Reports section or can be accessed here.Read More

Basics: What If CUS Index composition weights change?

The weighting for Case Shiller composite indices (e.g. CUS 10-city, referenced in the CME contracts) may be adjusted 2- 3 years after the 2010 census, per the Case Shiller index methodology.  I raise this notion to: 1) increase awareness, 2) … Read More

Trading hours for CME Case Shiller futures to change after Labor Day

The CME announced yesterday (Aug 27th) that they will be changing the trading hours for the Case Shiller futures starting Tuesday Sept 3rd.  Contracts will be open to trade from 8:15 AM -3 PM (Chicago hours, or 9:15 AM to … Read More

Basics: The Ultimate FAQ: Why isn’t there more volume in the CME Case Shiller Home Price Index contracts?

Having addressed the technical FAQs in a recent blog, I’d like to address the most important FAQ: Why haven’t there been more volume in the CME Case Shiller futures?

In discussions with various interested parties over the past three years … Read More

Basics -FAQs on trading Case Shiller futures

One of my conclusions from how the markets reacted over the last week is that I need to spend more time marketing, and less energy market-making (in some of the contracts with less interest).  It is important that more people … Read More

Basics: Intercity Spreads: How to read them: Boston/New York example

If inter-city spread trades are going to be a focus for 2013 then it might help to explain what they mean.  That was the “constructive criticism” from one reader.  Point noted.

Let me use a rivalry that New York traders … Read More

Basics: OK, so you’re bearish. What to do besides selling your house?

It seems that a growing numbers of commentators are becoming ever-louder in their bearish views.  Yet few give their readers any practical advice as to how to put this “knowledge” to work.  Are they suggesting that people sell their houses … Read More

Basics: InterCity Spreads -converted to relative % gains

I continue to believe that while traders may approach outright markets with some caution that they can be more aggressive when expressing views of relative performance.  That is, they may not have a precise view about how much the LAX … Read More

Baiscs: CUS (10-city) Calendar Spreads

I had promised in the monthly recap for February to update a table of the HCI/CUS (10-city index) calendar spreads for the November expiration series.  Here you go.

Understanding calendar spreads is critical to trading housing futures, as the spreads … Read More

Basics: Historical Volume, Open Interest 2006-2013

In working to update the marketing book, I compiled historical open interest and volume data from the CME covering the period 2006-2013 into two tables in the Reports section (or that one can access here volume, open interest) … Read More

Updated marketing book for CME S&P Case Shiller futures

I have taken some of the graphs from month-end recaps and used them to update my marketing book for the CME S&P Case Shiller home price index futures.  The presentation is in the Reports section or can be accessed here.Read More

Basics: What If CUS Index composition weights change?

The weighting for Case Shiller composite indices (e.g. CUS 10-city, referenced in the CME contracts) may be adjusted 2- 3 years after the 2010 census, per the Case Shiller index methodology.  I raise this notion to: 1) increase awareness, 2) … Read More

Trading hours for CME Case Shiller futures to change after Labor Day

The CME announced yesterday (Aug 27th) that they will be changing the trading hours for the Case Shiller futures starting Tuesday Sept 3rd.  Contracts will be open to trade from 8:15 AM -3 PM (Chicago hours, or 9:15 AM to … Read More

Basics: The Ultimate FAQ: Why isn’t there more volume in the CME Case Shiller Home Price Index contracts?

Having addressed the technical FAQs in a recent blog, I’d like to address the most important FAQ: Why haven’t there been more volume in the CME Case Shiller futures?

In discussions with various interested parties over the past three years … Read More

Basics -FAQs on trading Case Shiller futures

One of my conclusions from how the markets reacted over the last week is that I need to spend more time marketing, and less energy market-making (in some of the contracts with less interest).  It is important that more people … Read More

Basics: Intercity Spreads: How to read them: Boston/New York example

If inter-city spread trades are going to be a focus for 2013 then it might help to explain what they mean.  That was the “constructive criticism” from one reader.  Point noted.

Let me use a rivalry that New York traders … Read More