Nikkei VI has risen above 21!
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Now, the theme this time isMarket Impressions.
The swing on November 9 was remarkable, wasn’t it?
Indeed, when some salespeople and commentators start talking about 26,000 or 30,000, we must be cautious.
In such a context, today’s Nikkei VI started at 21.71 and remained above 20 as of 10:00.
The rise in volatility is a headwind for option sellers.
On the other hand, as volatility rises, the time value of options also increases, making it an attractive temptation for sellers.
From today onward, December expiration becomes the main delivery month, so we need to carefully confirm the current situation.
＜November 9＞
★ Forecasted PER: 1509.49
★ PER 15.15x
★ U.S. 10-year yield: 2.338%
★ Nikkei VI: 21.25
Today the 10th, 512 companies are reporting earnings. EPS growth is in the final stages.
From the single-trend rise in stocks since October, personal opinion is that the recent sharp fluctuations have clearly changed the situation. Once earnings reports are over, that will be a break point.
Today we are watching whether the closing price will fall below the SQ value (速報値: 22,531.10).
There is a big psychological difference here.
We are in a rising volatility phase.
Let us proceed with caution to the utmost.
Note) The above is my personal view and is intended only to improve financial literacy. Therefore, this is not created for investment solicitation purposes. The final decision on actual investments should be made at your own risk.
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