Hidden Volatility

In this episode of The Markets, Chris Hussey interviews Brian Garrett about the current state of the S&P and market volatility. Garrett notes that while the S&P is up, single stock volatility is high, influenced by retail call option buyers. They discuss the October effect, government shutdowns, and potential market impacts, with Garrett suggesting focusing on individual stock catalysts rather than historical trends. Garrett proposes trades involving S&P vol surface and call skew, and he highlights the upcoming NFP report and Fed Minutes as key events to watch.