It’s Friday and it’s a big day across the world in many aspects. Commodities got hit hard yesterday with Gold down dramatically along with Oil. On Sunday France votes for their new President and world markets will react with the future of the European Union up for grabs. With the jobs number due out at 8:30 a.m. ET this morning, today sets up with the potential for volatility across several markets. The market is expecting 190K jobs added but we’ll find out what the data says this morning. Here is a glimpse of the binary set-up this morning across several important markets.
The VIX has been trading at low levels of $10 – $11 for an extended period of time with very little premium priced into the market for volatility. With premiums at historically low levels this is a great time to be a buyer of volatility if you expect the market to react to the abundant amount of news coming at us.
Here is a chart of the May S&P 500 indicative index, which is based off the CME E-mini S&P 500 Index futures prices, as of about 6:30 a.m. ET. Some of the daily binary options that expire at 4:15 p.m. ET are listed along the right hand axis.
Here is a chart of the May Indicative Index for the Crude Oil contract, which is based off the COMEX/NYMEX futures prices. Along the right hand axis are some of the daily binary options, which expire at 2:30 p.m. ET today.
Here is a chart of the May indicative Index for the Gold contract, which is based off the COMEX/NYMEX futures prices. Along the right hand axis are some of the daily binary options in Gold that expire at 1:30 p.m. ET.
Here is a chart of the EUR/USD as of about 6:30 a.m. ET this morning. Along the right axis are some of the daily binary options that expire at 3 p.m. ET this afternoon.
Regardless off what you trade or your market expectation, there are lots of trading opportunities in a variety of markets coming into this weekend. The Jobs report will be the first potential market moving news event this morning at 8:30 a.m. ET. With commodities volatile and France voting on Sunday, today could be a wild day in the markets ahead of the weekend action.
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