;
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: Kai Pilger from Pexels

Textiles | On 11th Dec 2018

India's textile-apparel exports fell slightly in H1 FY19

India’s overall textile and apparel exports in H1 FY19 stood at $18.4 ...

Courtesy: Alizilla

Textiles | On 11th Dec 2018

Belgium, Alibaba promote inclusive global trade under eWTP

The Belgian Government and China’s Alibaba Group recently announced...

Vietnamese garment firms plan to boost exports to Canada

Apparel/Garments | On 11th Dec 2018

Vietnamese garment firms plan to boost exports to Canada

As Vietnam is yet to sign a free trade agreement with Canada, so the...

Interviews View All

Yash Agarwal, Hitansh Online

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Nuno Venda, ROQ

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Abhishek Dhanuka,

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Riddhi Jain,

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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


December 2018

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

news category


Related Categories:

Advanced Search