implied vol usually drop after NFP, FOMC etc., today bears gave up the puts they bet on NFP.
I think traders are expecting lower volatility ahead, at least next week.
回顾下9月初上涨, 后一周幅度 -1.5% to +1.5% range. 7月初上涨后, 后一周幅度 +3% to 0% range.
今天NFP不好, 那么冲$123, -$123.5 (UBB) 会墨墨迹迹. 跌也不会多, 所以我short 120P.