Options Investors Are Starting to Hedge the Rally

The video discusses the S&P 500's resistance level at 2800 and its recent one-month implied volatility trends. It highlights the market's stability post-earnings season and reduced geopolitical risks. The video also examines open interest in major indices like the S&P 500, IWM, and VIX, noting increased hedging activities. The VIX's rising call interest suggests strategies for managing volatility.

What does the rise in VIX call open interest indicate about market expectations?

Discuss the implications of the observed hedging activity in the context of market volatility.