The binary event is upon us: --volatility is BID --vol skew has shifted --all smoke and mirrors or is a real move coming? --pullback may feel huge but come on... we are back to levels from a few weeks ago...
Gravity Points are back! --unfinished business at 3211 --we head under 3211 we get UGLY and in a hurry --assume a rippin rally is coming?
3 sigma moves continue to haunt premium sellers in 2020 --recall, we have been BUYING premium Risk and Positioning-- --know your risk! --selling premium against existing short delta
SPX Expected Move --last week-- 78.40 (expected move) --actual move-- 207.17 --next week-- 158.40
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David Rocha
November 1, 2020After years of being on the outside, I joined.