Investors are no longer hedging against a tech stock crash.
The average 1-month put-to-call skew of the Nasdaq 100 index is down to 0 points, its 4th-lowest reading over the last 20 years.
This measures how much more investors are paying for downside protection through put options than for upside exposure through call options, with the current reading indicating historically low demand for Nasdaq put options.
This figure has dropped -0.25 points since March 2026, one of the largest 6-month declines on record.
By comparison, the long-term average of this metric is 0.11 points.
Meanwhile, the cost of options used to bet on or protect against large moves in the average Nasdaq 100 stock fell sharply last week, with 1-month implied volatility dropping -17 percentage points, to ~40%.
Investors are extremely bullish on tech.
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🚨🇲🇨🇺🇦 FLASH | La victime présumée, Vladimir Ermolaev, a un "pedigree mafieux", selon le spécialiste Laurent Valdiguié. 23ème fortune d’Ukraine, son entreprise avait la quasi totalité du marché du produit ménager en Ukraine. Il est également accusé d’être un ennemi du régime ukrainien comme marchand d’armes, l’Ukraine ayant émis des sanctions contre lui. Son fils a également été condamné pour escroquerie au call center.
BREAKING: Iran's Foreign Minister Araghchi says the Islamabad Memorandum of Understanding "has never been closer."
"In line with our responsible and transparent approach, all details will be shared with the public in due course," he says.
🇵🇰 Pakistan’s nuclear doctrine explicitly includes a **first-use policy**, meaning it reserves the right to use nuclear weapons first in a conflict, particularly to counter India’s conventional military superiority. Unlike India, which has a declared no-first-use (NFU) policy, Pakistan maintains deliberate ambiguity to enhance deterrence, refusing to commit to NFU.
🇮🇷 The true size of Iran.
Iran ranks 17th largest in the world by total area.
Iran's total area (land + inland water) is 1,648,195 km² (about 636,372 sq mi).
This makes it the second-largest country in the Middle East (after Saudi Arabia) and one of the largest entirely in Asia.
Iran is larger than France + Germany + Spain + UK combined.
@elonmusk https://t.co/AcPRqezAIx ZeroGPT is the TruthGPT to check if a text is written by a human or ChatGPT or a mix (in this case a percentage of the part written by AI will be shown)