Traders are preparing for market volatility ahead of the U.S. presidential election

From StockTwits: 2024-10-30 12:08:06

The CBOE VIX has surged over 16% in the last month as traders brace for potential market volatility ahead of the U.S. presidential election. Opinion polls show a tight race between Donald Trump and Kamala Harris, with no clear majority in sight. Despite record highs in the S&P 500 and Nasdaq, fear is rising among market participants. Retail sentiment is bullish on VXX and VIXY, with some users anticipating market movements and a possible crash. Open interest data on S&P 500 options expiring on election day suggest a 3-4% potential move in either direction.



Read more at StockTwits: Traders Start Betting On Volatility, Retail’s In Sync