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Political risk puts December in focus as CDS investors play index volatility
2 months ago
Selling implied volatility has been prominent among CDS investors since last month’s iTraxx and CDX index rolls, says BNP Paribas in a research piece, with December a popular point of focus for tradesUS credit managers reset option trades
3 years ago
US credit managers are replacing their option trades after volatility failed to materialise last monthIndex tranche investors avoid margin squeeze by switching to options
3 years ago
Small leveraged hedge funds that have been the most active players in the index tranches are shying away from the marketMargin levels price funds out of credit options
3 years ago
Some hedge fund managers find that the initial margins paid to dealers for credit swaptions can be surprisingly highCLO investors sweep into options to clean up grimy loan portfolios
3 years ago
CLO investors are heading to the options market in droves in order to keep their portfolios cleanInvestors hold fresh talks on option trading
3 years ago
Credit option investors are turning to CME Group as they lobby for option trades to be clearedEuropean investment grade index skew hits three-year record
3 years ago
The skew between the iTraxx Main index and its underlying constituents reached its most negative levels in three years on Wednesday as investors rushed to sell protection on the index.Hedgers begin to emerge in the European options market
3 years ago
While the consensus is still to be long volatility the iTraxx indices some hedges are appearing in optionsOption and index volumes soar as roll pushes spreads sharply tighter
3 years ago
Tens of billions change hands as investors roll into the new version of credit indicesVolatility buyers rush to trade ahead of index rolls
3 years ago
European investors were buyers of volatility across the board yesterday, across all strike levels, indices and expiries, according to market sources.Option investors unwind trades with an eye on rallying credit markets
3 years ago
Dealers have had a busy couple of days as credit option investors have been unwinding bullish reversal trades as a hedge against an expected upturn in creditBAML suggests options trade with iTraxx Main expected to drift wider
3 years ago
Far from trading inside single names, credit indices should move wider and Bank of America suggests options trades to benefitVolatility jumps beyond implied levels in European options market
3 years ago
CDS markets suffered a bout of volatility last week, but this did little to change implied volatility in Europe as swings in the major indices caught up to, and in some cases surpassed, what the market thought was likely over three months.Credit fund managers keep their cool amid the carnage
3 years ago
Investors look to take advantage of sell-off in options and mispriced creditsThe sell-off is turning systemic, says Bank of America
3 years ago
Bank of America research suggests tranche trades as iTraxx constituents move widerTide turns in financials credit as indices rally
3 years ago
Financial indices posted a strong rally on Wednesday, as investors seemed reassured by Deutsche Bank's bond buy-back plan and general balance sheet strength.Investors push into options to take advantage of credit volatility
3 years ago
Straddles and stranglers get more attractive as options price in more shocksHigh yield term structures plunge into negative territory, finds Barclays
3 years ago
Options on the CDX high yield index imply that markets see a shock in the short term for high yield creditBAML suggests options play on iTraxx technicals
3 years ago
Research notes points to resistance levels and peaks for option trade ideaUS high yield term structure steepens, finds Barclays
4 years ago
The term structure on the CDX high yield index steepened sharply last week after the metric had been steadily declining from late July.Creditflux unveils groundbreaking event on credit tranches and options
4 years ago
A stellar line up of speakers at the first Creditflux event on bespokes, tranches and options shows the increasing momentum of a sometimes overshadowed part of the credit marketImplied volatility plummets for high yield CDX
4 years ago
As spreads tighten implied volatility almost halves in a monthUK insurers find new use for credit options
4 years ago
Real money investors are increasingly tapping into the credit options market but are now using these instruments for a new purposeSell high yield straddles, suggests Citi, as implied vol stays wide
4 years ago
Volatility implied by North American credit options is high relative to spreads, according to research published by Citi last weekPeace reigns in credit options amid sell-off
4 years ago
The sell-off in China last month spread to global markets but did little to rattle the credit index options market
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