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Non-consensus research notes, real-time positioning snapshots, and short-form commentary from the desk. Two channels, same desk.
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Subscribe →Non-consensus research notes on macro volatility, derivatives positioning, and cross-asset transmission. Read by the desk.
- 1 Aug 2026 Volatility moved to the currencies, and crypto fell asleep Japan ran the biggest single-day yen intervention on record with Washington help. USD/JPY 1-week vol more than doubled and the risk reversal tripled to -3.98…
- 1 Aug 2026 Complacency to crisis and back in 48 hours Brent front-month vol hit a two-week low on de-escalation, then the call skew jumped to a multi-month high on fresh Iran strikes. One-month vol closed near d…
- 1 Aug 2026 The binary resolved to the upside A chip shock spiked the VIX to 18.7, then Microsoft and Amazon squeezed the shorts and collapsed the vol. Leveraged funds were caught net short into the rall…
- 25 Jul 2026 Brent broke 100 dollars and every market called it a spike The time spread ripped and unwound, the options desk bought puts into the rally, refiners sold off into a record crack, tankers stayed flat. The whole comple…
- 25 Jul 2026 Puts got expensive, calls stayed cheap, and the next week is binary The Nasdaq lost 3.5 percent and the dip got bought. The vol surface repriced risk into the FOMC and hyperscaler earnings, puts richer the further out you loo…
- 18 Jul 2026 Gold stopped being a safe haven. The hard-asset bid just changed address. Gold fell 3.4 percent while Hormuz burned and bonds sold off, and its correlation to equities hit 0.6. The hard-asset bid rotated out of the monetary metal i…
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Follow @crossvol →Real-time positioning data points, skew snapshots, and short-form commentary. Lower friction than the newsletter, same desk.
- 7 Aug 2026 Asia-Pac vol radar · Friday Aug 7 $ASX / ASX 200: implied vol at the floor, gamma negative. Quiet surface, fragile underneath. $TSE / Nikkei: curve inverted, mid-range IVR. Structure pricing normalization.…
- 6 Aug 2026 Vol pulse · Thursday Aug 6 $NFLX. Implied vol has compressed and the market is no longer pricing anything. The kind of tape where volatility often pays well to buy. Full read ↓ #swingtrading #options #stocks
- 6 Aug 2026 Three tickers dominating US options flow. Aug 6 · open. - $PLTR (Software): call-aggressive, $196M premium, 15 unusual strikes. - $QQQ (Etf Index): put-aggressive, $536M premium, 202 unusual strikes. Strike-level…
- 6 Aug 2026 CrossVol Pre-Open Levels · Aug 6 $SPY 771.64 | flip 772.3 | walls 720/775 $QQQ 715.33 | flip 706 $VIX 15.90 Regime: NORMAL · IM ±1.47% Short Gamma | Moves Amplified #optionstrading #stocks #volatility
- 6 Aug 2026 Europe vol pulse · Thursday Aug 6 $LSE / FTSE 100: negative gamma, vol compressed. Dealer cushion is thin. $Borsa Italiana / FTSE MIB: vol crushed, dealers short gamma. Market not pricing anything yet. #volatility…
- 6 Aug 2026 Asia desk view · Thursday Aug 6 $SSE / Shanghai Composite: negative gamma, vol compressed. Dealer cushion is thin. $NSE / Nifty 50: positive gamma, curve in contango. Dealers control the range. #volatility…
What you can expect
Substack
Long-form research notes. CFTC positioning, vol surface dissections, cross-asset transmission, regime calls.
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Real-time skew screenshots, data point reactions, short threads on positioning extremes.
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