Overvalued?
Aggressive bull markets often lead to speculation about whether they are overvalued or fundamentally unsound and therefore susceptible to a sudden and extreme end. The ...
Read more
Blogs
Big Tech’s Dominance & Rising Crash Risk
November 13, 2025On “Liberation Day”, markets experienced a sharp reset. Since that time, the subsequent rebound in U.S. equities has been led overwhelmingly by the top 10 names in the S&P500 (‘SPX’). As shown in the chart below, this portfolio, dominated by ...
Read more
SPX 0DTE Covered Call: Optimal Strike Selection
October 21, 2025Two strategies appear to be dominating both retail and institutional trading in today's market: covered call ETFs, pulling in billions of AUM, and Zero-day-to-expiration (0DTE) options, now accounting for more than half of SPX options volume. Let’s combine the two ...
Read more
Selling Saturdays: Weekend Risk Premia in 1DTE Put-Write Strategies
October 20, 2025The meteoric rise of 0DTE options has spawned an ecosystem of ETF and overlay strategies centered on harvesting ultra-short-term risk premia, while simultaneously attracting significant retail participation. However, ultra-short option strategies can embed unique risks distinct from traditional longer-dated options, ...
Read more
Crude Oil and Trading OPEC
October 16, 2025As a percentage of worldwide production of crude oil, OPEC’s share remains dominant. With 13 member countries, and 10 affiliates (OPEC+), it represents 35-40% of yearly production and approximately 80% of proven reserves. It is therefore not surprising that the ...
Read more
Options Data Reveals Early Bets on Argentina’s Banking Sector
September 23, 2025Argentina has spent years battling runaway inflation, a shaky currency, and mounting debt. These troubles have weighed on local businesses and dragged down U.S.–listed shares (of American Depository Receipts [ADRs]) of Argentine companies. Against this backdrop, Grupo Financiero Galicia (ticker: ...
Read more
A Gold Bubble? Options Insight
September 18, 2025The equity market continues to make new all-time highs, riding the back of an AI boom and lower interest rates. At the same time, it seems to be ignoring a steady stream of potential bad news – slowing employment, stubborn ...
Read more
What are VIX Futures Telling Us?
August 21, 2025The VIX, the market’s so-called “fear gauge,” has been steadily declining since it peaked at 60.13 last April 8th. Just last week, the index made new lows for the year. The uncertainties facing economic policy, as well as the overall ...
Read more
Asian Options Markets: 2010-2025 Analyzed Using OptionMetrics Data
August 14, 2025Introduction & Key Findings We analyzed the growth of the European options market in an earlier blog. In this next piece, we study whether markets in Asia have followed suit when it comes to growth patterns. Asian options markets have ...
Read more
European Options Markets: 2010-2025 Analyzed Using OptionMetrics Data
August 13, 2025Andres Hsiao | Quantitative Research Intern Introduction & Key Findings The US options market has grown tremendously over the past decade, becoming a massive force in global finance. But have other major markets around the world followed this trend? Utilizing ...
Read more