Earnings guidance revisions have triggered spike in options implied volatility indexes, while futures remain range-bound. As "options vs futures" performance gaps widen, traders exploit gamma exposure while avoiding high-maintenance margin calls. It’s true that Bayern also wanted to sign Raheem Sterling on deadline day, and this was perhaps the biggest surprise in this transfer market. You can see how nervous Bayern Munich was on the deadline day, in terms of whether or not they could get Nicolas Jackson. So there was the idea that, if you don’t get the one Chelsea player you’re after, perhaps you take another one. Sterling, of course, is a really big name, and everybody know he has quality. Everyone also knows that he has problems at the moment at Chelsea. Either way, Bayern Munich said he could be a good backup option. Perhaps they could get a big name even more cheaply. But, as we heard, Raheem Sterling made it clear he wasn’t interested in this transfer. So it was a topic, but in the end, it was clear that there would be no chance. So, a deal for Nicolas Jackson had to work. © copyright 2013 - 2025 tastylive, Inc. All Rights Reserved. Applicable portions of the Terms of Use on tastylive.com apply. Reproduction, adaptation, distribution, public display, exhibition for profit, or storage in any electronic storage media in whole or in part is prohibited under penalty of law, provided that you may download tasty live ’s podcasts as necessary to view for personal use. tasty live was previously known as tastytrade, Inc. tasty live is a trademark/servicemark owned by tastylive, Inc. The VIX futures market saw stagnant growth in June, yet S&P 500 volatility options gained 14% in the same period. This "options vs futures" contrast signals preference for more granular volatility plays without full contract commitments.