TechFlow reports, [email protected] noted on X that market conditions have eased slightly, with implied volatility (IV) across major tenors declining. Currently, short-to-medium-term IV is concentrated around 47%, while VRP and skew remain largely in line with yesterday's averages.
Market sentiment remains fragile, with strong观望 sentiment and limited market highlights, resulting in weak profit-making opportunities.
The largest block trade today was a $40 million risk-reversal spread, selling February at-the-money calls and buying March out-of-the-money calls for protection.
Judging from block trades, institutions and large traders generally lack confidence in further upside, yet have not aggressively initiated short positions. Range-bound downside movement could be the dominant trend going forward.
