BofA Bets On BTFD 'Resiliency' With Asymmetric Options Trade

With the easing of geopolitical tensions powering the S&P and Nasdaq to new all-time highs last week, BofA's Global volatility research team notes that April’s tariff turmoil feels like a distant memory and the “end of US exceptionalism” narrative that kept a lid on US equities appears to have faded (though it has not completely dissipated).