'Hedge When You Can, Not When You Have To'; Goldman Vol Traders Lay Out 5 Trades Into 'Extremely Busy Fall'

Top-down, even before the calendar officially flipped to September, Robbie Stankard and the rest of the Goldman vol-trading desk noted (pro subs can read the full note here) that clients started positioning for what we anticipate will be an extremely busy fall.

Following the sharp vol reset, Stankard says they have seen a bid for upside exposure in Tech across the single stock and index space.