TokenInsight TradFi Weekly #005: Did Perps Price the Weekend Gap Before Stocks Reopened?
Last issue, we followed NVDA through a weekend when its stock market was closed. Its perp moved, recovered, and finished close to the stock’s reopening price. This time, we broaden the comparison to 10 stocks and ETFs. Did their weekend perp moves match the gaps when overnight stock trading resumed? The direction matched across all 10. The size of the move did not always match.
Last issue, we followed NVDA through a weekend when its stock market was closed. Its perp moved, recovered, and finished close to the stock’s reopening price. This time, we broaden the comparison to 10 stocks and ETFs. Did their weekend perp moves match the gaps when overnight stock trading resumed? The direction matched across all 10. The size of the move did not always match.