Summary

• Implied volatilities were mixed last week as risk assets continued to rally on better US economic data and hopes of US-Iran resolution.
• While the SPX Index is up over 9% over the past month, the rally has been incredibly concentrated, led largely by tech (up 20%).
• As tech has outperformed, so has the demand for optionality in tech stocks, particularly on the call side.

By Mandy Xu

Cross-Asset Volatility: Implied volatilities were mixed last week as risk assets continued to rally on better US economic data and hopes of US-Iran resolution. Oil, rates, FX, and credit volatilities all fell wk/wk led by oil

706 Followers