How Options Traders Use the Skew Index for Tail Risk Hedges

Episode 26 of Options Trading with Fexingo: Lucas and Luna break down the options skew index — what it measures, why it spiked in early 2026, and how retail traders can use it to hedge tail risk without buying expensive puts. They walk through a real example: when the S&P 500 hit 7,600 and the VIX sat at 16.26, the skew index was flashing a warning. Plus: how to trade a simple put spread on the QQQ to capture skew mispricing. No Greek overload — just a practical tool for the bearish-minded trader. #OptionsSkew #TailRisk #SkewIndex #PutSpread #QQQ #VIX #Volatility #Hedging #RetailTrading #OptionsTrading #FexingoBusiness #BusinessPodcast #Finance #Investing #Derivatives #RiskManagement #BearishStrategy #S&P500 Keep every episode free: buymeacoffee.com/fexingo