​Daily Bulletin: Wednesday Nov.5

Apple was the focus in the single stock option market on Wednesday afternoon, seeing significant call option volume, while the SPDR S&P 500 exchange-traded fund trust was the underlying of focus in ETF options. According to traders, one investor placed 286k in Dec-14 215 calls for 14.5 cents to position for a spike higher in the ETF. BGC’s Jared Woodard analyses some large bearish trades in volatility-linked products today, while EQDerivatives’ Peter Thompson reports from the FIA Expo on how exchange chiefs see the potential for wider bid/ask spreads and reduced liquidity if capital charges are implemented. In Europe, we look at put ratio spread flow on the Vstoxx, as well as current trends in dividend derivatives. We also report on more derivatives volume records—this time surrounding MSCI underlyings. Don’t miss our latest buyside commentary from Russell Investments’ Scott Maidel and David Pedack: ‘Equity Replacement & Volatility Skew.’