Option traders in Eurodollar futures are stocking up on puts, anticipating interbank funding stress will cause sharp boost in 3-month dollar Libor late this year and 1Q. The latest available CME data show open interest leapt almost 27,500 contracts Tuesday for December puts at the 99.125 strike price and almost 5,200 for March puts at the same level. The 99.125 strike implies 3-month dollar Libor reaching 0.875%; December and March futures recently traded around 99.48, equal to implied Libor of 0.52%.
Option traders in Eurodollar futures are stocking up on puts
Posted by
BorsaStreet.com
on Wednesday, September 14, 2011
Elliottwave
(Video) Bob Prechter Explains 'Triple Top' Forming in U.S. Stock Market
This excerpt from the special video issue of the August Elliott Wave Theorist brings you Bob Prechter’s analysis of the triple top that has been forming in the U.S. stock market over the past 12 years. Watch as Bob himself explains what this pattern means for you and the markets.
You can get even more analysis – including an 84-year study of stock values – that will help you gain perspective about the recent market moves with Elliott Wave International’s FREE report, “Reality Check: Studying the Past to Bring Clarity to the Future.”
You’ll get a glimpse into the in-depth analysis Robert Prechter presents each month in his Elliott Wave Theorist with 3 excerpts from his most recent issues.
Don’t let extreme market volatility leave you confused and scared. Prepare yourself for today’s critical market juncture with your FREE report from Robert Prechter.
Read Bob Prechter's FREE report "Reality Check: Studying the Past to Bring Clarity to the Future."
0 comments:
Post a Comment