The analysis from Options Terminal is similar to the conclusions we drew after reviewing the data for half an hour, and its recommendations are even more detailed than mine. Put volume is rising, indicating a significant increase in demand. At the same time, selling pressure on puts is strong, which is suppressing the rise in implied volatility (IV). The market has entered a phase of “repositioning after a decline”: investors are adding put protection while selling calls at higher strike levels or directly selling puts to capture volatility. Short-term market expectations have shifted from “directional trading” to “range-bound + high volatility,” with the option trading structure leaning toward: · Trading puts at the lower boundary · Using call spreads or short calls to cover the upper boundary · Interweaving a small amount of long volatility in between Use this now ⬇️ https://terminal.glvs.ai(Greeks.live)