Macro Volatility Digest

Week of 8/31/2026: Equity Volatility Falls to Near a 1-Year Low Post Jackson Hole

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Implied volatilities declined across asset classes last week on the back of strong Tech earnings and Chair Warsh’s comments at Jackson Hole. Learn more in this week's Macro Volatility Digest.

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Week of 7/6/2026: Stock Dispersion Jumps as the Equity Rally Broadens

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Week of 6/29/2026: Volatility Traders Position for Long Convexity on Global Tech Consolidation

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Week of 6/22/2026: Cross-Asset Volatilities Decline as Traders Pivot Away from Hawkish Fed

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Week of 6/15/2026: Cross-Asset Volatilities Normalize as Geopolitical Risk Premia Dissipates

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Week of 6/1/2026: Single Stock Volatility Jumps to a Record vs. the VIX® Index

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Week of 5/18/2026: Index Hedging Jumps, But Stock Optimism Persists

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Week of 5/11/2026: Upside Chasing in Tech Stocks Surges to Covid Extremes

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Week of 5/4/2026: SPX® Realized Skew Inverts as Traders Focus on Right Tail

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SPX® Options Positioning Reverses as FOMO Sets In

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SPX® Call Demand Jumps on TACO Optimism

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Gold Loses Its Luster as Stagflation Risk Jumps on Iran War

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“Spot Down, Vol Down” as Investors Monetized Hedges

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Stagflation Fears Drive Widening Volatility Risk Premium

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Cross-Asset Vols Spike on Iran Risk as Oil Surges

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SPX Skew Steepens to 1Y High as Tariff Uncertainty Rises

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Tech vs. Small Caps Volatility Widens as Rotation Accelerates

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Gold, Silver and Equities Evidence Positive Vol/Spot Correlation

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Traders Defensively Positioned as Equities Retrace from Record Highs

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Defensive Positioning Beneath a Calm Vol Market

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All Quiet on the Volatility Front

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Expected Stock Dispersion Falls to Near 1-Year Low

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Tech Fears Subside as Dovish Fed Expectations Return

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Equities Buffeted by Year's 2nd Highest Bout of Intraday Volatility

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QQQ-SPX Volatility Spread Widens to 1Y High on Tech Angst

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Stock Correlations Bid as Mag-10 Stocks Underperform Broader Market

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Hedgers Capitulate as Bullish Sentiment Rises in Options

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Single Stock Volatility Bid Ahead of Tech Earnings

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Gold Volatility Spikes to 5-Year High on Haven Demand

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Earnings Angst Drives VIXEQ-VIX Index Spread to Record High

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SPX® Options Jump to Record 74% Market Share

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Single Stock Volatility Jumps Higher as Earnings Approach

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Record Options Activity Post FOMC Led by Call Buying

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Options Positioning Diverges Between Large- vs. Small-Caps

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SPX® 0DTE Options Jump to Record 62% Share in August

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Volatility Risk Indicators Revert to Lower Seasonal Norms

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Equity-Rates Correlation Jumps Sharply on Growth Concerns

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Tariff Threat Dismissed as Implied Volatilities Fall

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Equity Volatility Finds a Floor Ahead of Key Trade Catalysts

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Implied Vols Collapse As Stocks Hit New Record High

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Oil Options Suggest Price Spike Likely to Be Temporary

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Near Term Optimism vs. Longer Term Caution in Index Options

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SPX® 0DTE Options Jump to 61% Share on Retail Resurgence

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SPX® Skew Signals Longer-Term Caution Despite Rally

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Cross-Asset Volatilities Subside on De-Escalation of Trade Tensions

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Options Market Signals Skepticism of Market Rebound

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SPX® Convexity Falls as Tariff Optimism Grows

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Expected Stock Dispersion Near 5Y High as Earnings Under Way

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SPX® Intraday Volatility Highest Since 2008 on Tariff U-Turn

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Equity Vol Jumps the Most as Trump Tariffs Roil Markets

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US vs. Europe Diverge as Recession Odds Increase

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SPX® 0DTE Options Jumped to Record 56% Share in Feb

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SPX® Option Volumes Hit Record High as Volatility Picks Up

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Equity Vol Markets Shrug Off Tariff Threat

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DSPX Index Nears 3Y High as Focus Shifts From AI to Trade

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VIX® Call Demand Near Record High Ahead of FOMC

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TLT Options Signal No Fear as Yields Spike Higher

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Regime Shift in Equity Vol? Downside Risks Re-Emerge

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The S&P-500® Index Skew Steepens on Defensive Year-End Flows

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The VIX® Index Falls to 4-Month Low as Equities Set Record High

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The Post-Election Volatility Surface Realignment

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Election Risk Premium Continues to Widen into Elections Week

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SPX® Index Vol Metrics Normalize Quickly Post Monday Jump

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Earnings Buoy Risk Sentiment as Volatility Falls

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VIX® Option Volumes Jumps to Highest Since Feb18

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Gold Volatility Surges Higher on Upside Call Demand

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Rates Volatility Nears 1-Year Low Ahead of FOMC

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SPX® Realized Skew Most Inverted in Over 20 Years