we are going to do that with mandy xu with cboe global markets.s is bloomberg. ♪ when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wifi on the xfinity 10g network. katie: this is bloomberg markets. it has been the calmest stock market since 2018. there is a debate over whether or not it is being fueled by the boom in option selling etf's. joining us to help find an answer, i'm pleased to say we have mandy xu, head of derivatives market intelligence at cboe. let's kick off on that debate if you are not tired of talking about it. the jp morgan view is to have this big boom in the option selling et

world and travel in the u.s., are people concerned about downside risk or are they concerned to mandy xu's point of not getting the upside risk that could be where volatility is headed? anastasia: there are two ways i have to answer the question. i was at a presentation in california and i did a survey of the room. most people were bullish and most people agreed with the bullish consensus and the question i posed, consensus for analyst is 5000. that is the target for the end of the year. the survey of the room is more constructive. on the flipside, we do quite a bit of structured investments for our clients and a lot of our structured investment advisors are asking for additional protection on some of the structured investments they are doing, meaning there as think not just for a 10% downside but something more than that. it depends on how you have participated or not in the market the last year. if you were sitting in cash you are probably playing catch-up now. if you did well in the tech trade you might be looking to de-risk some of that by adding additional buffers. jonathan: we have s

we caught up with mandy xu earlier this week and they talk about positioning, upside bias.same things keep winning. well, i think to the extent that the ai stocks are winning, there is a there really making money. there's actual cash flow there. this isn't a group of stocks that is running on a promise, right? it's running on jonathan: there are a lot of parts of the market that is not been participating. lisa: you are bullish on energy and pulled back. we are seeing oil prices at the highest level since november and seeing that supply cannot keep up with demand after a strong run. have you shifted your view on energy? sarah: cure point there is still excess supply. the stocks have not caught up. they are still seeing that issue going through. does that change, you can see tighter markets. the move has not been convulsive. annmarie: it is crazy we are all excited with a brent crude move in the 80's and there is a hot war in the middle east and you have houthis still striking vessels. how high could you see oil prices? sarah: you're seeing a problem that is causing. it's sta