"Most of the hedge flow has been moved to the 11/17 expiration to cover FOMC, creating a gap for the market to continue short-term recovery early next week as pressure from gamma dealers eases, keeping volatility low. However, note the wildcard of bond yields with 10Y 5.00% level being assessed as the market's next panic level."
US stock market started the week's first trading session in quite a fearful mood ahead of Middle East war tensions. However, early morning fears were alleviated by the following reasons:
