Several major tech earnings missed last week, sparking the market’s worst selloff since June. Disappointing results and swelling AI capex concerns drove the Nasdaq 100 down 6% in two days, with the S&P dropping 1.8% on Friday alone. The Binance hack on Thursday added more fuel to the fire. Traders are now left wondering if […]
volatility spike
Dip Buyers Step into the AI Unwind
Will the Selloff Continue? The market began to waver at the end of last week, with the S&P 500 down nearly 2% and Nasdaq dropping 3% from mid-week highs. We noted a spike in MAGS put buying and a rising put/call ratio in our previous Sunday Newsletter as big tech earnings approached. Then, our October […]
OPEX Week Shatters Market Calm
Vol Sellers Forced to Cover as VIX Breaks 20 On Friday, the market’s calm broke heading into the October monthly options expiration. The S&P 500 dropped over 1% on the day while the VIX jumped to close at 20 — the highest level in nearly three months. Options traders spent Friday scrambling for protection, marking […]