Vol Sellers Abound Ahead Of Mega-Cap Earnings

Vol-selling across the equities options space was "unrelenting" late last week and early this week. That's according to Nomura's Charlie McElligott, who on Tuesday reiterated that the partial unwind of a massive call spread changed the "vibe," if not the entire game just yet. You do need the background. You can find it here and here. Long story short, dealers got back some of their short vega when the buyer of that call spread tapped out. That helped vol calm down. "Skew and VVIX are offered,"