Middle East crisis revives demand for VKOs – with a twist
Equity investors balance fear and optimism by pairing 2022’s best hedge with lookback options
Equity investors are combining the playbooks they used in 2022 and 2025 to navigate a market gripped by geopolitical uncertainty.
Positions that benefit from a grind lower in equities – such as volatility knockout options (VKOs), which delivered bumper returns four years ago, and short skew strategies – staged a return in recent weeks. In a sign of the delicate balancing act facing investors, many
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