Equities are currently down across the board.
$SPY off 2%, $DIA off 1.73% and $IWM off 2.41%.
The "risk off" trade is also playing out in $GLD, $SLV, $USO and $FXE.
The reaction from the options market?
And it could be one giant holiday volatility pricing, or players are fading this move in anticipation of higher prices.
Watch the video below to see what's happening.