'Fear gauge' VIX is starting to attract hedges into historically volatile part of calendar
Why now
Thesis: VIX hedges building into seasonally volatile calendar window
Catalyst to watch: Volatility spike or macro event in the window
Main risk: Hedging demand implies protection, not direction
Why it matters
Rates-driven volatility is drawing hedges into a seasonally volatile window, implying demand for protection rather than a directional call.
Details
Big moves in Treasury yields over the past couple of months have led to a renewed focus on the CBOE Volatility Index and the Merrill Lynch Option Volatility Estimate.
Sources
- cnbc · 2026-09-10 08:41 UTC