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Options Show No Fear Of New Stock Melt-Up
They're hedging downside, but nobody's especially concerned about missing the boat on a prospective new (year) melt-up.
That was the message from the equities options space on the first trading day of 2025, according to Nomura's Charlie McElligott, who on Thursday flagged elevated (on a one-year lookback anyway) skew and put skew, while noting de minimis interest in the call wing.
As the figures below show, three-month skew and put skew are 87%ile and 72%ile, reflecting high demand for puts ve
