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
