Below we now see that this past month June 2021 officially has all top ten highest option skew values in recorded history going back 30 years. Which from a statistical point of view is a Black Swan outlier event. In a random distribution, the probability that a top ten skew value will appear in a given month over 30 years is 1 in 36 (2.7%). The chance that all ten would be in the same month is .027 to the tenth power: (0.00000000000000027). In other words, "someone" is making massive bets that this gong show is ending.
As a reminder, skew represents deep out of the money option bets on a "Black Swan" market event:
"The SKEW index is a measure of potential risk in financial markets.
SKEW values generally range from 100 to 150 where the higher the rating, the higher the perceived tail risk and chance of a black swan event"
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