Volatility is a very important factor in expressing a view on the market and placing a trade.
When volatility is quoted on a stock or Index, it generally is quoted on the basis that the strike price being referenced is an at-the-money option.
There has been much hype around Lithium (and Lithium related stocks) recently, as prices of the metal skyrocket. The prices have risen on the back of strong demand growth for the silvery-white metal, with lithium consumption doubling in the twelve years from 2000.
I wrote last week about the rise in cryptocurrencies, which use distributed ledger systems, maintained by diversified stakeholders, to record transactions. The advantage of such a system is that everyone has a copy of the same ledger, and it is therefore immutable and irrefutable.
Many of us are aware of Bitcoin, a currency that is tracked by a single ledger system known as a “block chain”. The single ledger system means that all transactions are visible and agreed upon by the entire network. The advantage of this system is a thoroughly transparent value transfer system, where users can transact directly between one another, without the need for intermediaries and government regulation.
Yesterday, Woolworths announced changes to their business strategy, which will see WOW close 17 poor performing supermarkets out of their total of 946. They have confirmed that they plan to open a net of 45 new supermarkets over the next three years.
Last Friday, British voters passed a referendum directing their government to start the process of leaving the European Union. The result shocked financial markets, defied polling, and sent panic through much of British society.