The options market is now about half the size of the equities market. The gamma that shifts in options will likely create price swings in the underling stocks. Today we witness something of such where markets swiftly went lower and had a bounce at the close. Interesting to note cryptocurrency still has a ways to grow relative to the other markets.
The daily cases in Covid-19 is not helping. As cases rises questions surrounding a second closure is in people's minds. Not helpful for the markets.
Then there is the stimulus bill negotiations that has pretty much come to a stand-still.
On top of all that the elections is about one week away.
Since I mentioned yesterday the put to call ratio on indexes are at a extreme high for weekly I was curious about individual equities. Interesting that for individual equities there is a rise off of near record lows. Hence not enough hedges are in place. We will soon find out if this will lead to quicker falls in price if there are not enough put options to support.