The Octavian Report • 0 implied HN points • 23 Dec 25
- Volatility is at historic lows because lots of investors are selling volatility, which suppresses price swings now but makes the market fragile and likely to see a much bigger spike if a breakout happens.
- Credit and equity markets can diverge for months, so companies whose stocks have collapsed sometimes still have debt trading high, creating both hidden risk and capital‑structure arbitrage opportunities.
- Discounted closed‑end funds and niche strategies like capital‑structure and volatility arbitrage look especially attractive right now, since active managers can earn yield and profit from mispricings that most institutions overlook.