Overview of Recent Market Activity

Recent market movements in futures options have showcased significant changes, particularly following substantial volatility in technology stocks. This reflects a typical pattern seen post-COVID, where sharp drawdowns tend to precede aggressive rebounds, prompting a strong buy-the-dip mentality. The volatility index, VIX, spiked recently, hitting a high that caught many traders off guard, largely due to low liquidity in the markets. As liquidity begins to return, market sentiment has shifted towards optimism, with upward trends becoming more apparent in various sectors.