Core Insights - The volatility has disappeared, and hedge funds are betting on the continuation of this calm by shorting the Chicago Board Options Exchange Volatility Index (VIX) at the fastest rate in three years [1] - This unusual calm, combined with extreme positions, historically indicates a sudden increase in turmoil and a decline in the stock market [1] - As of the week ending August 19, the Commodity Futures Trading Commission (CFTC) reported that hedge funds and large speculators held a net short position of approximately 92,786 contracts linked to VIX futures, the highest level since September 2022 [1] - Chris Murphy, co-head of derivatives strategy at Susquehanna, noted that this could reflect either confidence or complacency [1] - The current level of VIX is about 24% lower than the average over the past year [1]
对冲基金大举做空波动率指数 分析师警告或暗藏波动风险
Xin Lang Cai Jing·2025-08-26 22:39