Mandy Xu, Head of Derivative Market Intelligence for CBOE, joins Patrick and Kevin to discuss volatility, divergence between rates and equity volatility, the new dispersion index, and top things to watch in the market. They also analyze the dollar's potential for a bounce back, crude oil price action, emerging markets performance, credit worthiness, trading options on shorter timeframes, and banter about cold weather in different locations.

Tracie McMillion warns of consumer confidence impact on pricing power. Janet Henry predicts Fed cuts in September or December due to election month. Mandy Xu discusses how markets price election-related volatility.

Mandy Xu, Head of Derivatives Market Intelligence at Cboe Global Markets, discusses product innovation in options trading, the GME short squeeze, option pricing dynamics, mechanical flows, growth of option income funds, and the debate on ODTE risks in the market.