The NASDAQ 100 index has been rebounding in the recent past, but the pricing of the options market shows that the tension in the science and technology stock block is rising at the same time. The NDX Volatility Index, which measures the associated contract costs, has gone up this year and the spread with VIX has risen to a high level since 2002.
Technological fluctuations continue to widen.
Since late March, the NASDAQ 100 index has increased cumulatively by about 30 per cent. On Monday, the index rose by 1.3 per cent, with two-way fluctuations exceeding 1 per cent on the sixth consecutive trading day, the longest recorded since August 2024.
At the same time, a 30-day volatility rate has risen to 29.7 and has reached a high level since the Trump tariff policy period a year ago. The market is concerned that the current increase is more concentrated in large technology units and that the warehouse space has become more crowded.
SpaceX inclusion index concerns
The market is also concerned about the impact of SpaceX joining the NASDAQ 100 on Tuesday. According to some derivatives strategyrs, this could further increase the volatility gap between the Daana finger and the Standard 500 index, as the newly integrated large technology companies usually lead to higher short-term price fluctuations.
The Capital Market of the Royal Bank of Canada noted that stocks that had been listed for the first time became more volatile. Taking into account the volume and operational coverage of SpaceX, it is likely that the swing margin between the nano-finger and the scale will remain at a high level until it is more broadly integrated into the main index.
AI Trade congestion is on the rise
In addition to a single equity factor, the dynamism of leverage-based ETFs in the United States and Asian markets was also seen to magnify the volatility of artificial intelligence and semiconductor equities. The Swiss Syndicate Team believes that the pattern of higher-than-standard fluctuations in nano-means may continue in the second half of this year.
Some of the institutional clients have started to lower their AI-related slots. The Capital Market of the Royal Bank of Canada mentioned in its client report that funds were gradually shifting to sectors such as health care and daily consumer goods, and suggested that a cautious view of the technology sector be expressed through QQQQ and the drop-in option of the semiconductor ETF.
The data compiled by Bloomberg on realized relevance show that the synchronous volatility of the NASDAQ 100 index component unit was significantly higher than that of the Standard 500 index component unit over the past month. This means that market funds are more focused on the same type of AI transactions.