According to @business, options risk premia are rising across assets from stocks to gold even as implied volatility on benchmark indexes has been steady or falling for most of this year (source: @business via Bloomberg). For traders, this points to higher hedging costs despite muted headline vol, increasing the carry risk for short-vol strategies and elevating the importance of timing and structure selection for protection (source: @business via Bloomberg). The divergence between richer protection pricing and subdued benchmark IV suggests concentrated demand for asset-level hedges, making close monitoring of skew and term structure essential (source: @business via Bloomberg). Crypto market participants should track BTC and ETH options for similar IV-versus-premium divergence by watching skew and the IV–RV spread, taking their cue from the cross-asset signal highlighted (source: @business via Bloomberg).