Equity options positions remain bullish on SPX and Nasdaq gains as stocks suffer losses 🤨
The stock market performance was weak, with the Nasdaq index falling nearly 1%. In addition to the impact of rising yields, there was also news that Chinese government agencies banned the use of iPhones and other foreign-branded devices at work. Apple's stock price was dragged down by 3%, driving SPX technology stocks. The index fell 1.3%. Despite the decline in the stock market, stock option positions still show an optimistic attitude, and the distribution of implied price probability forecasts tilts sharply to the right, indicating that they are still optimistic about the SPX and Nasdaq index rising; at the same time, the implied volatility of SPX remains very stable, and the market It is not expected that the next CPI and non-farm employment data will bring too obvious fluctuations, and even for the upcoming FOMC meeting, the premium reflected will be much smaller than usual.
