Options premiums around election date flatten out
The market is increasingly comfortable that Hillary Clinton will coast to victory on November 8.
Bloomberg options analyst Tanvir Sandhu writes that the skew in options premiums is flattening out.
"The kink that had formed in SPX term structure, the curve that captures the difference in implied volatilities with differing maturities, on November options has since been unwound as the perception of uncertainty surrounding the U.S. election outcome reduces," he writes.
The Wikileaks Podesta emails continue to seep out but so far there hasn't been anything to really capture the media's attention. There are still a dozen releases yet though, so there could be something there.
Yesterday's Project Veritas video also fell flat.
