Why was Monday's sell off in Hong Kong so extreme? We now understand more on what happened.

The video discusses recent market performance, highlighting a 6% drop in benchmarks and Bank of America's insights. It explains how high net worth investors use put options during market fluctuations and the impact of a recent sell-off. The analysis concludes with Bank of America's outlook, suggesting that major sell-offs are unlikely in the short term.

What actions did banks take in response to the flushing out of put options?

What was the significance of the near term volatility spiking as mentioned in the text?