Notes
Market $SPX $SPY volatility continued to fall today.
IV rank now 45 from 48, IV percentile dropped to 6%(!!!), IV regime still elevated due to $VIX.
$VIX fell 2.36%, with some buyers stepping in from yesterday, but mostly buying the May $16 put.
Link:




US Treasury Secretary Bessent just said: The VIX $VIX has spiked and likely peaked.
Below you can see our volatility dashboards, showing where volatility exists and doesn't in the markets!
Take a read!
Link:
The last five years of trading have had numerous "once in a lifetime" events.
For example:
2020 - Covid crash market falling 34%
2021 - US Capitol Protests, $GME GameStop $AMC and other buy button removed
2022 - Ukraine Russia War, Global inflation surge, FTX Collapse
2023 - Silicon Valley Bank collapse, Signature bank Collapse, First Republic Bank Collapse, Israel-Hamas conflict
2024 - China Stock market crash falling 26%, Yen Carry Trade Unwind leading to third highest $VIX, Tokyo Stock market Crash falling 12.4% in one day
2025 - Trump tariff trade conflict, leading to the worst drop ever in the $DOW, Nasdaq $NDX down 11%, $SPY down 17% YTD
Many lifetimes lived.
The last five years of trading have had numerous "once in a lifetime" events. For example:
2020 - Covid crash market falling 34%
2021 - US Capitol Protests, $GME GameStop $AMC and other buy button removed
2022 - Ukraine Russia War, Global inflation surge, FTX Collapse
2023 - Silicon Valley Bank collapse, Signature bank Collapse, First Republic Bank Collapse, Israel-Hamas conflict
2024 - China Stock market crash falling 26%, Yen Carry Trade Unwind leading to third highest $VIX, Tokyo Stock market Crash falling 12.4% in one day
2025 - Trump tariff trade conflict, leading to the worst drop ever in the $DOW, Nasdaq $NDX down 11%, $SPY down 17% YTD
Lots of lifetimes lived.
Premkt
$VIX: 38
$BABA: -8.29%
$JD: -7.77%
$XPEV: -7.49%
$AMZN: -5.40%
$AMD: -5.29%
$INTC: -5.22%
$TSLA: -5.13%
$AAPL: -4.73%
$NIO: -4.55%
$NKE: -4.41%
$MSFT: -4.38%
$META: -4.25%
$RIVN: -3.82%
$NVDA: -3.80%
$GOOGL: -3.07%
$AMC: -2.27%