Extremely interesting find last night.
Markets are pricing in nearly 3x the premium on puts versus calls this week.
Specifically looking at the February 23rd expiration on $SPX.
$SPX is sitting at a near $6900 spot price
6700p sitting 200 points OTM and still priced over $2
7000c just 100 points OTM and only trading for $0.40
That is a massive imbalance in short dated premium
Market is willing to aggressively pay for downside protection
But barely paying for upside exposure
not to mention
GDP just missed / 1.4% vs 2.5% consensus.
Growth slowing.
Shutdown effects lingering.
Trump raises global tariff from 10% to 15%
On top of that, markets are now digesting the Supreme Court striking down Trumpโs tariffs, with the possibility he could be ordered to repay collected tariff revenue.
Humans and Hadeen have interacted for 5000 years.
Humans cannot use Glim to fly, but some Hadeen are wary of their ability to use Glim in their science.
Towns (@TownsProtocol , @townsxyz) which had already raised $51M, secured an additional $10M in its latest funding round yesterday and bringing the total to $61M.
Something real is being built here. Are you still on the outside?
If you havenโt joined yet, nowโs the time: https://t.co/FjjXtGk06Y