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Booming Hedge-Fund Options Trade Suffers Worst Month in Decade

Apr 08, 2026 11:39 UTC

As the conflict in Iran escalated, investors rushed to hedge at the index level, driving implied volatility on the S&P 500 sharply higher. Photographer: Michael Nagle/Bloomberg.

  • As the conflict in Iran escalated, investors rushed to hedge at the index level, driving implied volatility on the S&P 500 sharply higher
  • Photographer: Michael Nagle/Bloomberg

As the conflict in Iran escalated, investors rushed to hedge at the index level, driving implied volatility on the S&P 500 sharply higher. Photographer: Michael Nagle/Bloomberg

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