​Daily Wrap – Support Grows For Options Pits, Moore Cap Duo Leave

Chinese markets remain closed for holiday, however, the closure didn’t hinder a play on the iShares China Large-Cap ETF. An investor bought 67,292 FXI Oct. 15 42 calls for 02c. The ETF fell less than 2% Tuesday, closing at USD 37.11. In Chicago, the VIX Index stayed below 20 for the second-straight day. Also in our coverage, we look at how floor traders kept the options markets going on August 24, when the VIX suddenly climbed to 50. Traders are bookmarking Aug. 24 as a moment that illustrates the value of open outcry trading. Meanwhile, two former senior equity portfolio managers at Moore Capital Management in London, are moving to similar roles at Man GLG.