Disliked{quote} they do, its not the volume - its a sentiment indicator, it means that traders are paying a premium (and an even greater one today) to protect against sudden sell-offs in the EURUSD, typically RR's and CCY will correlate and they do somewhat but its the shifts that should be concerning, take a look at the vol surface and its a more visual representation against a moment in time (not rolling like previous chart) Significant reverse skew over long term but still there in short term. {image}Ignored
But the future speculators are wrong 70% of the time.