04/26/18 09:27 AM EDT

CHART OF THE DAY: Implied Volatility % (30-Day & 60-Day) $XLK $SPY

Editor's Note: Below is an excerpt from today's Early Look written by Hedgeye Macro analyst Ben Ryan. Click here to get it.

The chart below contextualizes the 5Yr highs in at-the-money implied volatility for the tech sector by comparing 30-day and 60-Day durations for volatility exposure relative to the SPY index.

CHART OF THE DAY: Implied Volatility % (30-Day & 60-Day) $XLK $SPY

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