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'Correlation Spasm' - VIX Surges By Most In 10 Months After OpEx

Business July 19, 2024

As we detailed earlier, today's options monthly expiration is of decent size, but far less notionally than that of a quarterly expiration like last June, or the upcoming Sep expiration.

However, while the index expiration doesn't appear to be all that large, this heavily-concentrated market can be swung by expiration-mechanics of large single stocks.

correlation spasm vix surges by most in 10 months after opex

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Authored by Tyler Durden via ZeroHedge July 19th 2024

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