Options Traders Wary of Rising Yields and Conflict Abroad Causing More Choppy Trading
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U.S. options traders remain concerned about rising bond yields and their impact on stocks.
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Demand is high for VIX calls that protect against stock market volatility.
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Conflict between Israel and Hamas has fueled demand for safe havens like gold.
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However, Treasury yields appear to be the main driver affecting U.S. equities.
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Lack of direction in options market signals more choppiness for stocks ahead.