@AdamMancini4 How do you decipher what is expected to be a full backtest rather than a half back test? The latter is very common during liquidation periods…
Andrew Left gets prosecuted while algos are spoofing the bid and institutional traders are absorbing all the selling while the clear it up on the imbalance. Pure manipulation
@TradingSynHQ@vwaptrader1 Hard to short with a healthy rotation into DJIA components. Still bearish midterm but need some more signals. Especially with VOL of VOL (VVIX) under 90. VVIX over 100 and VIX over 20 is a good signal but IV will be pumped by then. GL
We get these types of comment often.
Your role as a trader is not to catch every single move.
It is to identify an edge, quantify it, and exploit it when the setup is there.
Here, there was a clear structural asymmetry around 7550. Once that move plays out, you do not need to force the next one. You reassess and move on.
Structurally, $SPX is still in a suppressive charm environment, with low-to-negative gamma overhead that can amplify a reversal if spot pushes higher.
7550 remains supported by a large positioning wall.
As time passes, charm still implies dealer selling pressure in the current environment.
Still plenty of opportunities with IV so low. If you bought the 7600C on the volume hammer at 2:20 it was an easy double up. But I feel like that may come to an end soon…
My guess is he strikes the ports. The same ports they’ve been combating Iran vessels from utilizing for energy transit. If this happens IV change almost instantly. If you’re betting on a correction, you better be right on time. Not early, and not after it’s priced in 💦
@t1alpha@Hedgeye@KeithMcCullough The $ amount relative to a 2% move changes significantly as the indices go higher. IMHO that makes a big difference in how much it “can” move down, or up, as there’s, more strikes inside that range as well as other structural and even psychological dynamics at play