Options Market Signals Traders Bracing For Downside In The Face Of Market's Climb

Via SpotGamma, [written before Trump's threats and Japan's chaos struck]

Traders Turn Defensive In the Face of Market's Climb

SPX tested fresh all-time highs last week, with positive gamma providing guardrails for the broader market. In the face of headline noise - from criminal investigations into Powell to Iran-related escalation - the market absorbed every dip, with the