$SPX $NDX There’s a possibility that today will mark the low in implied correlations. Would parallel July 2024 well. Haven’t recommend index puts in a long time, but there is a case to be made for them. Caution: in 2024 you saw spot up vol up for a few days post-bottom. https://x.com/wild_random
Trader suggests today may mark the low in implied correlations for S&P 500 and Nasdaq 100, drawing a parallel to July 2024 and cautiously recommending index puts.
$SPX $NDX Been my mental model for how July through August plays out over the past week. Cor1m, cor3m just drilling to new record lows… Still think this ends with spot up vol up in the short term, but bigger picture this broadening out of the market likely ends the same way they typically do (whic
$SPX $NDX There’s a possibility that today will mark the low in implied correlations. Would parallel July 2024 well. Haven’t recommend index puts in a long time, but there is a case to be made for them. Caution: in 2024 you saw spot up vol up for a few days post-bottom. https://x.com/wild_random
$SPX $NDX Pretty nice with it Let’s see if this thing releases after vixpiration next week https://x.com/wild_randomness/status/2075687634966577422
RT @Wild_Randomness: $SPX $NDX Got the downside move on COR1M I was expecting this Friday. Next up: high potential for spot up, vol up S…