Most Traders Watch VIX. The Head of Nasdaq's Index Options Content Says Watch VXN

Options trading and stock market analysis: the VXN/VIX ratio just hit 77% premium, the highest since 2017. Kevin Davitt from @Nasdaq walks through what it means and how to trade it. Sell an 8.5% out of the money NDX put, buy a 4.5% out of the money SPX put notionally adjusted, and collect a net credit. The risk: a highly correlated selloff like tariffs or Iran. NDX volume is up fourfold since 2022. SK Hynix IPO this week is the largest since Saudi Aramco and closely correlated to names like Micron. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 Mag Seven bearish, rotation into defensives 01:53 This is not 2000, these companies are making money 02:44 SK Hynix IPO: largest since Saudi Aramco 03:56 NDX volume up fourfold since 2022 05:32 Q2 2025 tariff dip was the only quarterly decline 06:20 Mike Butler's NDX butterfly as a portfolio hedge 07:30 VXN/VIX at 77% premium: the 2017 comp 09:03 The trade: sell NDX puts, buy SPX puts, net credit 11:52 Implied correlation: NDX pricing more fear than SPX 14:42 SK Hynix: the global overnight handoff to US markets #tastylive #ndx #vxn #vix #optionstrading #nasdaq100 #skhynix #impliedvolatility #volatilitytrading #tastytrade tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.