SPX Options Positioning Reverses As FOMO Sets In

Implied volatilities normalized across asset classes as markets priced in progress toward a US-Iran peace deal. Options traders were initially skeptical when equities bottomed at the end of March, but positioning has since turned more constructive as volatility eased. The article points to improving risk sentiment rather than a discrete catalyst.

Analysis

Implied volatilities normalized across asset classes as markets priced in progress toward a US-Iran peace deal. Options traders were initially skeptical when equities bottomed at the end of March, but positioning has since turned more constructive as volatility eased. The article points to improving risk sentiment rather than a discrete catalyst.