$SPX not a pin 📌. Check ☑️
Iv/VOL crush after gap down.
Both sides had advantages.
2:38 JPM roll. Delta sell MOC and after hours close.
So.. is local bottom in or new low soon?
I did say this is “not a pin” . Expect wide PA and play both sides
🙏. More to come.
“The market has already repriced UK terminal rates to above 5%, the highest of any other developed market country… If the Bank of England doesn’t follow through with this pricing there will likely be even more currency weakness to go”
Deutsche Bank