Put options are extremely cheap to buy as portfolio hedges, with 1-3 month puts at 12% implied volatility (near historical lows), making this an attractive risk/reward opportunity for investors who have experienced significant gains since the Trump election to hedge their portfolios affordably.

normativepending

Speaker

Jack Forand

Evidence Quote

you're talking about 12% implied volatility for you know one to three month puts in the S&P 500 that's about as cheap as it as it tends to get

Source

Tesla, MicroStrategy and An Inside Look at the Biggest Options Expiration in Market HistoryExcess Returns
Created: 8/11/2026, 6:20:05 AM

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