Bond volatility has jumped while equity downside hedging stays light. See what call skew in TLT, HYG and XLU says about how traders are positioned.
TLT
Index Put Protection Is Cheap With 10-Year Treasury Bonds at 5.3%
SpotGamma founder Brent Kochuba joined tastylive to explain why index put protection stays cheap with the 10-year at 5.3% and bond volatility climbing.
Friday Jobs Report Preview: What the Market Wants to See
The stock market faces its biggest economic test of the week Friday morning when the September jobs report is released at 8:30 a.m. ET.
Jackson Hole 2026: What the Options Market Expects
SPY forward IV prices Jackson Hole as a non-event, but CTAs are stretched short Treasuries and SPX gamma flips near 7780 — an asymmetric setup into Friday.
One Stock, 803 ETFs: Why Nvidia Earnings Impacts the Entire S&P 500
Brent Kochuba joined CNBC to discuss Nvidia’s earnings, Salesforce, and how options traders repositioned across bond ETFs after comments from Treasury Secretary Bessent.
Credit Market Volatility vs. Equity Volatility
The following is an automated transcript of the video above, for your convenience. Please pardon any typos. Volatility Divergence Between Bonds and Equities Today we wanted to talk about volatility, and specifically the volatility divergence between bonds and equities. So on your screen we have the MOVE index, which is considered to be the bond […]
The TLT’s Recent Plunge May Be Over
The following is a guest post courtesy of Michael Kramer of Mott Capital Management. Bond yields have soared in 2022, sending ETFs like the iShares 20+ Year Treasury Bond ETF (TLT) lower by around 10%, but almost 25% off its 2020 highs. The ETF now comes to a critical juncture, signaling rates pushing significantly higher […]