CBOE's crash has accelerated at an alarming rate, wiping out all gains since 2025.

Ill be up upfront with you guys, nearly all my research on this has led me down a rabbit hole of ponzi rumors about the token money exchanges and all that crap which i truly believe to be the greatest scam of our time. So im ignoring that and share what i think is causing this rapid decline..

Options/dirivitaves are seemingly more popular than ever but i think cboe has had a huge target on its back ever since covid. The world of financial institutions has an inner circle of fiercely petty genuises. Over the past 2 years the gamma problem has caused severe losses and there have been a massive uptick in schemes around these products. I recently shared here and with collegues of mine that puts are a flawed product altogether as there are proven cases wherein they lose all extrinsic value in extreme market crashes. This discovery may have led to a domino effect and a notable decrease in put buying.

Futures dirivitives and the vixw have fallen in popularity to such an extent that volume on these products is sometimes just non existant or happens primarily between market maker algos. Due to this problem, novice entrants to this market with modest capital are wiped out quickly with no one to compete against aside from the actual market maker themselves. And, based on government releases surrounding oil futures, things have gone rather unexpectedly as the one time these are massively utilized, we discover rampant market manipulation.

These markets are impossible to regulate properly as no one understands them. Even the board itself admits that no one person has an all encompassing understanding of whats going on. The complexity results in schemes which eliminate market participants faster than they can be replaced.

Anyways thats my thesis