Market Update—-back in the volatility channel
–Volatility in serious backwardation
–bonds display REAL FEAR
–dollar bid
–Oil backwrdation
Forward Looking–
–Monday FED Meeting
–NQ under 14k becomes a free for all
–Financials could suffer largest loss
Volatility Tactics–
–SELL premium
–Ultima – more time, higher skew
–hedge with inside spreads
SPX Expected Move —
–last week — 107.37 (expected move)
–next week– 135.20