Now there is a tail appearing and there's more fear here, says Cem Karsan. He discusses options flows after European Central Bank hikes rates and banking fallout. He notes what the technicals are showing you, highlighting vol curves and Vanna Charm. He talks about watching options dealer flows for investment opportunities. He then analyzes the latest trends in volatility. He also goes over how jittery the markets are as bank fallout continues. He says the Fed does not want the long end of the curve to come down as it has. He argues that rates have to go higher while equities go down, which is a hard combination. Tune in to find out more about the stock market today.