Remy Blaire: And with midday trade underway here in New York, let’s go out to Chicago. The Cboe contributor, Errol Coleman, joins us live from the trading floor. Hi, Errol. Great to have you back on the show. So here we are at this noon hour. We’re watching a rally across the major U.S. stock averages, an oil pullback. But what activity are you following in midday trade?
Errol Coleman: Yeah. Good morning. Good afternoon, Remy, I should say now. It’s been a pretty crazy, volatile morning. As you said, we’ve seen a lot of dip buying step in, with Nasdaq putting in about 400 to 450 points to the upside within the first 30 minutes of market open this morning. We’ve seen Nasdaq hit a high of 28,000 so far today. We’re now pulling back a little bit. Maybe we get a little bit of consolidation, but it’s the first time we’re seeing any type of positive momentum. So we’ve also seen the volatility index contract quite a bit as that fear slowly erodes away this morning.
Remy Blaire: And of course, we are looking at that pullback in the VIX. But when it comes to the AI trade, one name that we’re focused on is Anthropic. Now, the company is preparing to launch its IPO roadshow as soon as tomorrow. So looking at prediction markets, how soon do Polymarket traders expect the Claude maker to hit the markets?
Errol Coleman: Yeah, right now Polymarket is pricing in an Anthropic IPO at an 87% chance before the end of the year. So that gives us about a month and a half. And again, Polymarket is pricing in about an 87% chance that we do IPO before the end of the year. And I’m excited about this as well, Remy. Right? I mean, we’ve seen investors pour billions of dollars into the AI infrastructure, but Anthropic gives investors an actual opportunity to invest in the intelligence itself. So it’s a different perspective that we’re going to get this time around. But I’m excited for it.
Remy Blaire: Absolutely. Well, thank you so much for joining us at this noon hour here in New York, and thank you so much for sharing all of your insights.
Errol Coleman: Thank you, Remy.