​Daily Bulletin: Wednesday Feb. 4

Fund managers are largely holding off from going long Eurostoxx 50 long-term dividend futures, despite contracts such as DEDZ9 outperforming spot following the announcement of a quantitative easing package from the ECB. Fund managers reckon, as bond yields become lower following QE, then that would correlate to long-term dividend yields also declining. But, strategists are argue that, post 2009/2010, such data showing a correlation is not visible in Europe, neither is the view justified when considering dividend yield performance post quantitative easing in Japan. In the U.S., investors are increasingly purchasing over-the-counter downside puts on the CBOE VIX in a bid to play a potential collapse in realized volatility, while registered financial advisors could become bigger users of options this year. In flow, Coca Cola saw 2,840 Feb. 45 calls trade today for 38c, which was followed by another 1,690 traded for 57.5 cents.