Home / Knowledge / News / Textiles / Good volume rolls in K/N'08
Good volume rolls in K/N'08
12
Apr '08
Friday session started off quiet and slow as market cautiously approaches the May contract options expiration. Following the clue from the Chicago grains market, overnight ICE opened at unchanged and gradually traded lower in thin volume.

The options pit had a boring beginning session as well, as the market was generally waiting for the gains market to reopen. End of the day, May contract settled at 74.16, 59 points lower.

A look at the K'08 options reveals that around the market level the biggest open interest lies in the 75 cent calls and 70 & 75 cent puts. There was anticipation in the ring that May should go into expiration around the level of 73 or 74 cents. The May open interest has been on a steady down path due to the rolling activities.

It was reduced by another 7,600 contracts yesterday, and it's now down to 57,800 contracts in open interest. Good volume rolls in K/N'08 was seen, which traded about 12,000 times. It will be interesting to see how much open interest it carries into notice period with the continuously growing cert stocks.

A hanging man candle stick took the K'08 options into expiration today. With the volatile market we've seen in the past months, the contract high was traded near 93 cents on black Tuesday March 4th, with the synthetic price touching 109. we have been rallying from beginning of this month and the settlement price today was at well anticipated level.

With the widening spreads between May and July contracts, decent volume was traded today, which could further lower the May open interest by a good number of contracts. Now that K'08 options are out of the way, carry between the spot and forward month will define the cert stocks to be tendered to NY.

Click here to view more:

ECOM USA Inc


Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search