print-icon
print-icon

Oil Volatility, Short Gamma, And A Fragile Market

Main "stressor"

Oil volatility has been the epicenter of the latest market stress. While it has come off the panic highs, it remains at extreme levels. The last time VIX traded around these levels, OVX was significantly lower. The key question: can VIX really reset much lower from here while oil volatility remains this elevated?