Event Dime
Volatility Falls on Ceasefire Hopes, Yet Caution Remains
Arts & Culture
- When:
- April 6, 2026 · 4:00 AM
- Source:
- Cboe Global Markets
Options traders have been using SPX® options to fade big moves in the market – in both directions. Last week we highlighted how investors have been selling out of hedges on pullbacks and switching into upside calls to play for a rebound. On the rally last week, we saw the opposite – demand for hedges picked up while calls were aggressively monetized. The decline in SPX call skew and call convexity (see chart below) contributed over 2 pts to the 7 pt decline in the VIX® Index last week. Learn mor