Dynamics of dramatically rising interest rates
–Bonds continue declines sending rates flying
–In percentage terms just how far has the 10 year rate gone YTD?
–the critical juncture; movement in bonds can cause this…
The Great Gamma Unwind
–a little Dodd Frank with a side order of Volcker Rule
–bona fide hedger!
–market neutral- you trade with the dynamics of the market
SPX Expected Move
–last week EM–57.45 (4 day trading week)
–next week– 74.11 expected move