Wall Street options traders are bracing for higher volatility around the US election, with many preparing for a long and uncertain night. As election results trickle in, investors are closely monitoring margins and adjusting their bets accordingly. Trading desks are expected to be staffed through the night, employing shock models and addressing investor concerns, including extreme scenarios such as civil unrest. Bond investors are also pulling back on long positions and adding tail-risk hedges in anticipation of higher rates. The election volatility premium, reflected in a drop in 10-year note futures since October, underscores the market's anxiety over potential fiscal impacts. Trump Media traders are also preparing for volatility. Bloomberg reports on the heightened market activity.