@Naive_Neighbor Were you looking at the mega cap index?
We are above GEX Flip so market makers will sell the rip. Grab puts at the top and watch it fade
Introducing MegaCap Grid!
8 stocks move 32% of the S&P.
When they fracture, the index breaks. When they align, you ride. Most traders watch SPY.
They should be watching the 8 names that move it.
Built the indicator that does it.
https://t.co/LnbrjEpY83
@TheRealDrip2Rip Interesting item I just noticed for today's trading with this update on MFGL...
$ES1! Ghost level is where cash pinned for $SPX
I wonder if this will be a pattern
@Naive_Neighbor @banquetsbetter I do it by watching a timeline of Net Premiums...
The reply by @Naive_Neighbor is a bit general. VIX crush does not directly mean premium increase/decrease. Demand on options plays a bigger role.
Everyone trying to buy calls, call prices spike. Or vice versa
@Naive_Neighbor And check the regime. Above GEX buy the dip, sell the rip. Any pull back wait for wick ups, size in and ride the draw back up. Also watch VIX, is it dipping back or climbing higher
@Naive_Neighbor Today's action would have paid if you had 1-3DTE options.
Food for thought - .2% move on SPX
1DTE - 23% hold for 30m-1hr
2DTE - 19% same hold
3DTE - 16% same hold