Signal Says Buy Calls on This Biotech Stock
SGEN's peak comes amid historically low implied volatility
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SGEN's peak comes amid historically low implied volatility
Despite Bitcoin's recent price surge a wave of long squeezes were triggered. Traders turned bearish as Implied Volatility for Bitcoin started to rise.
Logica Capital commentary for the month ended July 31, 2023. Equity markets stumbled a tad in August, and VIX/Implied Volatility didn’t respond, as demonstrated by the concurrent negative from a naïve straddle.
The SPDR S&P 500 ETF Trust (ARCA: SPY) is currently experiencing historically low levels of relative volatility, ranking in the bottom 3 percentile for relative historical volatility over the past twelve months. However, examining the near-term Implied Volatility (IV) term structure reveals interesting patterns.
Many buy-siders believe today’s relative tranquility in equities masks underlying fragility