​Daily Bulletin: Thursday Feb. 26

With the stability in oil prices recently, long/short investors are increasingly targeting calendar call spreads on oil and energy related stock.it seems the long investors are keen to buy companies actively lowering their capex while increasing production, while the shorts are laying off their shorts. The listed market reflected the trend today, with Newfield Exploration and ExxonMobil both seeing increased activity. We also talk to a pension and endowment advisor today who says a mass exodus of pensions from their hedge fund allocations is highly unlikely. It seems the CalPERS experience could have just been a one off, perhaps? The CBOE also revealed plans to develop and list options based on FTSE and Russell indices today. Under a licensing agreement with the London Stock Exchange Group, cash-settled options on these indices will now be available to trade in the U.S, while both exchanges will collaborate on new index options products and investor education globally.