🔴 Leveraged Volatility ETF (UVIX) is trading 2.3% down in pre-market as near-term volatility pricing softens

UVIX is trading at $35.35 (-2.27%) in pre-market, with the drop suggesting lower near-term volatility pricing despite Monday’s risk-off session.

• Overnight reporting is mixed: oil and Treasury yields remain elevated amid US-Iran tensions.
• One volatility-market update describes a low-volatility, contango regime and an unchanged spot VIX.
• The 10:00 a.m. JOLTS and consumer-confidence releases are upcoming catalysts; results are not yet known.