Wall Street investors brace for turbulence as the S&P 500’s put-call skew climbs amid broader geopolitical tensions caused by the US-Israel-Iran conflict. Defensive positioning across both equity and credit markets is growing, raising the risk of capital flight from the crypto market. Investor Fear Surges in Options Market as S&P 500 Skew Surges Investor fear is rising in the options market, according to data from The Kobeissi Letter. The S&P 500’s three-month put-call skew has reached approximately 0