Founders: Banks Disagree on Equity Volatility Drop

JPM/BOA

Via ZH Premium

Mar 14- JPM opines (Marko K. mostly) ETF flows are why volatility is suppressed

JPM views option-based ETF gamma supply as increasingly becoming a large driver of implied volatility levels and a major factor of volatility suppression. Option-based ETFs are currently supplying $5bn of gamma, up from just $0.2bn three years ago, and $65mn ve…