https://www.osti.gov/etdeweb/servlets/purl/20243776 This paper from 2002 analyses the various research papers that are for and against the view, but the paper mostly concludes that futures does have a significant role in determining spot price.
This relationship in my view has only strengthened...
So, you think XOM is negatively impacted by traders? Silverbugs continue to say that SLV etf is being used in conjunction with derivatives to keep the spot price low.
My intuition is that there might be cases of spot being negatively impacted and cases of spot being positively impacted are out...
Futures and commodity trading are one of the main way (if not the main way) how spot prices get determined.
But the sheer scale of futures and commodities market and their notional value is mind boggling and almost none of them lead to actual underlying being delivered. This makes me wonder...
I will go for INTC for the short and medium term, they have a lot of new positive developments and selling a CSP on INTC seems like a no brainer.
Although the stock is largely range bound, that just helps even more.