Options market makers report increased hedging through digital futures ahead of key policy announcements. Liquidity remains ample, reducing slippage risks for large-position traders. Technical chartists see potential double-bottom formation, implying reversal probability. Understand the main risks, such as client concentration and funding needs, that could impact future performance. Charles Lang (CL): The two driving forces conceptually were digital transformation and then COVID at that point. We were tasked with, “How do we get our arms around digital learning moving forward?” Heavy buying in digital futures ahead of July’s earnings season has pushed open interest to record highs. Quant screens highlight unusual block trades by asset managers reallocating toward tech sectors. Momentum indicators point to further strength if revenues beat estimates.