Goldman Says Buy VIX Calls. ‘Major Market Corrections’ Occur In October

If you see a "major market correction" next month, it may not be a coincidence. "On average, over the past 95 years, SPX realized volatility has increased 27% from August to October," Goldman reminded investors, in this year's installment of a volatility piece typically released around the end of Q3. Some market participants "consider it a coincidence that major corrections have occurred in October," the bank's John Marshall wrote, before casting doubt on that notion. "We believe high October