Search Results for: McElligott

Previously smooth Sharpes on short-vol trades are “getting chopped up” as traders see fatter tail

If you’re wondering why the risk-asset rally feels inexorable on most days — why the

“Nvidia nailed it.” So said Nomura’s Charlie McElligott on Thursday, as US equities looked for

“We all should understand that generic / naked vol-selling is the proverbial ‘picking up pennies

Skew is dead, long live skew. For the better part of two months, Nomura’s Charlie

As the keen among you have surely surmised by now, the optically awful 30-year sale

Stocks are a bit of a sideshow right now. It’s all about bonds. Indeed, equities

How sustainable is the nascent correction in US equities? At the fundamental level, a lot

One thing sticks out as “spooky and dangerous” when set against months of simultaneous re-risking

Earlier this week, I noted that major Wall Street banks are beginning to speak as

A consistent, reliable buyer of equities could morph into a seller going forward. And it

The equities vol space is quite interesting these days — or “really fascinating,” as Nomura’s

The market is “dominated by option sellers.” That’s according to JPMorgan analysts led by Marko

Last week, one of the most recognizable names on the sell-side weighed in on the

Sometimes, bad macro news is just bad news. Common sense interpretations of incoming data went

Over the past several weeks, I’ve editorialized breathlessly about the potential perils ahead for corporate

Markets are forward looking and the near universal adoption of the The Great One’s famous

The word “shock” was bandied about on Thursday to describe the Fed’s new dot plot,