Market Update–
–CPI was HOT the market move was NOT!
–Financials took a beating
–Tech rallied but not enough to move SP500
–Russell gets Meat-loafed!
Jay Powell and the FED are Back!
–FED meeting/announcement on WED
–Bonds once again take center stage
–Front week VOL in Bonds elevated
— the volatility catalyst
Volatility is Transitory!
–Dollar – is this bid the turning point?
–SKEW – highest print EVER!
–VOL – risk is still prevalent
Selling Premium in Lower Vol–
–get a hedge on
–use back month premium
–reduce neg gamma risk
SPX Expected Move
–last week– 53.14 (expected move)
–next week– 59.53
