After hitting new lows last week, the market has gotten a bit more jittery in the past week across all asset classes. But just a bit. 3 month implied volatility is still near the lower …
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3 month Implied Volatility has hit new 52 week lows for multiple assets in the past week. Not surprisingly, the SPX index IV is now at new lows for the year (and for the past …
Continue readingWith the equity markets around the world recovering to new highs or close to new highs, seeing equity volatility back near the lows of the year is no major surprise. But the low implied volatility …
Continue readingTo give you a sense of the importance of the European banking crisis, let me throw out a few points. European bank balance sheets have assets that total around $40 trillion. In contrast, American bank …
Continue readingThough the vol market globally has been on a roller coast in the past week, the implied vol levels for practically all major asset classes globally are very close to the same spot as they …
Continue readingThe rally in the past 3 months has been particularly surprising since the former bull market leader, technology, has been a serious laggard. I’ve taken that as a long-term warning sign for the health of …
Continue readingThe past 2 days have sent the VIX up more than 3 points, and global volatility has risen in tandem with the increased jitters. However, while the move in volatility seems fast and furious, it …
Continue readingJust when it seemed like financial markets might get a bit more interesting during a few days of volatility last week, the market has resumed its quiet ways. 5 day SPX index realized volatility is …
Continue readingImplied volatility has started to tick higher in the past week. While implied vol levels are still well below average for most assets around the world (excluding Japan), the move up in the past week …
Continue readingSince Friday, I’ve initiated a couple bearish bets (here and here), and moved my trading from more neutral (focused on short volatility), to more directionally focused. It’s certainly not a gimme strategy, as shorting the …
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