Market are owned by TSLA and NVDA--
-Financials down 1%
-Energy off 3.9%
-DOW off 230 points
-Spuz massively unchanged!
-Even AMZN and GOOGL down did not negatively impact NASDAQ
-internals and overnight /ES trade do not matter!
-massive rotations may take place if big tech sells off
Profound Market Moves--
-QQQ
-IWM
-TSLA
Markets Bid Risk Assets--
-Da FED
-Big boy skew - good for premium selling!
-Bonds
-Dollar
-tightened my delta
SPX Expected Move
--last week-- 60.41 (expected move)
--next week-- 54.75
1 Comment
RON
November 20, 2021What do you mean by tightening up your deltas? Is that moving deltas on option spreads to a more neutral or closing positions? I am not clear on what you mean.