War heats up in Ukraine, tossing markets into turmoil. Many popular market averages open the days trading down 2 to 3% on Thursdays, then putting a considerable rebound closing the day on the plus side.
In today’s Open Interest Web Extra, Michael Khouw highlights notable options trades and activity as traders and investors respond to the war in Eastern Europe as Russia attacks Ukraine and the impact of Fed tapering on mortgage-backed securities. Commodities continued to rally as WTI touched $100 per barrel. The foods continued with more bullish bets in Corn, Wheat, and Silver. As highlighted in prior videos, EWT (the Taiwan ETF) continued to see bearish put buying. In addition, short-term treasuries saw high demand as investors sought safety. Ford is due to report February sales next week, and PG&E continues its recovery from bankruptcy, seeing some significant upside call activity.
