March 23, 2026 - March 24, 2026, the price of the ↑3.76% option experienced violent fluctuations, first spiking to 71.5c, then dropping multiple times to the 44c-50c range on the 24th. This is because the market is hypersensitive to daily SOFR prints; if a single day's data fails to show signs of an 'early spike,' speculative capital exits rapidly, even though the quarter-end effect is typically concentrated on the final day.
March 17, 2026 - March 18, 2026, the price of the ↑3.78% option soared from 15c to 49c, reflecting the market's initial panic pricing regarding quarter-end liquidity stress.