SPX Realized Skew Inverts As Traders Focus On Right Tail

Implied volatilities were mixed as oil prices kept climbing and the Fed sounded more hawkish than expected, pressuring risk sentiment. The article points to changes in SPX 3M call skew and broader options positioning rather than a single catalyst, suggesting a modest cross-asset volatility signal rather than a major market event.

Analysis

Implied volatilities were mixed as oil prices kept climbing and the Fed sounded more hawkish than expected, pressuring risk sentiment. The article points to changes in SPX 3M call skew and broader options positioning rather than a single catalyst, suggesting a modest cross-asset volatility signal rather than a major market event.