Anyone scalping the FTSE Futures??

The latest must have accessory for traders.
Moonb.jpg
 
To end the week, equity markets have 'quadruple witching' to contend with, which for multi-asset funds is likely to prompt some re-weighting from equities to bonds/credit, though its significance is perhaps less than in the past because of the deluge of central bank liquidity, and a quick look at the attached chart from JPM highlights the smaller overall proportion of Asset and Hedge Fund Managers in terms of overall open interest.

From Marc Ostwald
 
what time is expiry?
Now.
You can tell by the price spike.
"Exchange Delivery Settlement Price The Exchange Delivery Settlement Price (‘EDSP’) of FTSE 100 Index Futures and Options Contracts with a standard third Friday expiry day is derived from the Expiry Value level calculated by FTSE Group from an intraday auction in each of the FTSE 100 Shares conducted by the London Stock Exchange plc (“LSE”). The auction begins at 10:10:001 on the expiry day. The Expiry Value of the Index is rounded to the nearest minimum price movement (0.5 Index points) to derive the EDSP"
 
So the ftse options expiry has been manipulated to 6300 - thats a good round number to hit 'accidentally' at expiry time. Hmmmmm.
 
The Joint Biosecurity Centre has recommended that the COVID-19 alert level should move from Level 4 (A COVID-19 epidemic is in general circulation; transmission is high or rising exponentially) to Level 3 (A COVID-19 epidemic is in general circulation).


The CMOs for England, Scotland, Wales and Northern Ireland have reviewed the evidence and agree with this recommendation to move to Level 3 across the UK.
 
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