Stable FTSE Skew To Drive Puts

The recent historical stability in implied downside skew in the FTSE 100 is likely to drive an uptick in put strategies as market participants expect the skew to experience a drop in line with other equity indices. Over the last month, the S&P 500 has witnessed a sharp decline in implied downside skew, while the Eurostoxx 50 skew has continued to decline over much of the last year.