Options in Elevated Volatility Regimes: Adapting Strategies for Unsettled Markets

What changes when volatility remains elevated – and stays elevated?
In this session, we’ll examine how elevated volatility environments impact options pricing, trading behavior, and strategy selection. Using real-world context and trader-friendly examples, we’ll walk through how to think about risk, time, and directional exposure when volatility becomes a feature of the landscape, not just a temporary spike.

We’ll discuss:
• How elevated implied volatility changes the behavior of Delta, Gamma, Theta, and Vega
• Why some strategies become more (or less) attractive in volatile markets
• The role of skew and term structure in elevated volatility regimes
• The importance of context when interpreting volatility