Hedge Decay On 'War Premium Bleed' Means Bears Need A New Catalyst Before OpEx Gamma Unclench; Nomura

"War-off" means "risk-on" and stocks are were rallying this morning after the Israeli war cabinet has deemed WW3 will not proceed today (for now)...

hedge decay on war premium bleed means bears need a new catalyst before opex gamma unclench nomura

Source: Bloomberg

Authored by Tyler Durden via ZeroHedge April 15th 2024