VolSignals — thoughts from the trading floor 🎯

Market weakening and rate cuts coming? —here's how you get paid TWICE on your puts 💰 education forward curve hedging leap rates rho

SPX options are priced on a forward curve

The underlying SPX value for a year out option is NOT...

How it Works ⏩ Understanding Notional Delta Figures delta how it works

"$600M delta for sale"

What you see here is probably the most common way to hear delta expressed...

Feb VIX OPEX Recap. "CPI *CRUSHES* EARNINGS AND RAISES GUIDANCE...💥

..SENDING THE VIX SPIRALING INTO A SHORT GAMMA "BLACK HOLE"

Hedging flows leave the market...

Skew Makes Lower Lows as the SPX Scores its Highest Close (...yet) 🎯

MASSIVE TECH BEATS HELP SPX DEFY GRAVITY

...AND CLOSE AT RECORD HIGHS

Rates and Equities...

"US Equities: Skewed Risks" — BNP's 2024 Volatility Outlook 👀 2024 gamma outlook research skew vix volatility

Key Insights from BNP Paribas' 2024 Equity & Volatility Outlook...

—all the ...

Flows and positions are *everything*... just look at the SPX case studies

After 25 years spent "in the weeds" of index derivatives markets, our minds are made up.

...

"How to Trade Without Conviction" - BofA's Equity Derivatives Team on navigating the current vol regime

"Chase until it breaks" via S&P call calendars

The sharp move higher in US rates last week...

Top 5 Questions Asked About 0DTE Options...

More 0DTE Q&A, More Evidence of Early Adopter Demand

Per Bank of America... interest in...

IS 0DTE A THREAT? -> BofA's Global Equity Vol Team on 0DTE Options Flow Characteristics

0DTE Selling = "Volmageddon 2.0"? Reality is More Nuanced...

The dominant flow theme recently in...

What Happened to Long Dated Equity Vol, Anyways?

What's Behind the Recent Crush in Long-Dated US Equity Volatility?

The recent crush in long-dated...

Critical flow to follow - the Quarterly Put Spread Collar

Why is the end of Quarter Put Spread Collar such an important position to know?

Today the Dec30th...

How some major Dec trades are *misleading* if you are just following GEX

Massive volume in the SPX Dec 4000 and 4575 Puts hitting the tape

What does this mean?

Inverse...