According to Miles Deutscher, a controversial yet strategic approach to the current market conditions could be beneficial. He suggests that more time for recalibration, building, and research, alongside lower prices, could increase the risk/reward ratio for long-term dislocated plays. Additionally, a full leverage and open interest cleanse could lead to a more violent market move in the second half of the year, offering significant trading opportunities.

According to Greeks.live, there has been a notable decrease in 1-day implied volatility from 54 to 41. Additionally, the 1-week implied volatilities were higher than the realized ones, indicating it may be time for recalibration in the market.