Macro Theme: Key dates ahead: 7/30: GDP, FOMC + Earnings: QCOM, ASM, MSFT, META 7/31: Jobless Claims 8/1: NFP, PMI Update 7/30: We recommend ~8/11-8/15 exp 6,500 calls as an upside play out of FOMC, GDP, NFP and Mag 7 earnings. This is because they are trading at a...

Macro Theme: ¿Key dates ahead: 7/30: GDP, FOMC 7/31: Jobless Claims 8/1: NFP, PMI Update 7/28: SMH 1-month options scan as both very low IV, and neutral call vs put prices. As such we will be adding 1-month ~300 strike SMH calls into the upcoming earnings deluge (ref...

Macro Theme: Key dates ahead: 7/30: GDP, FOMC 7/31: Jobless Claims 8/1: NFP, PMI Update 7/28: SMH 1-month options scan as both very low IV, and neutral call vs put prices. As such we will be adding 1-month ~300 strike SMH calls into the upcoming earnings deluge (ref...

Macro Theme: Key dates ahead: 7/30: FOMC 8/1: Tariff Deadline Update 7/25: We reiterate wanting to own a sliver of >=1 month SPX puts as SPX ATM IV's are now <=10%, with call skews sharply elevated vs puts. 7/23: Trade deals and extensions have re-pumped the...

Macro Theme: Key dates ahead: 7/24: Jobless Claims, Trump visit Fed 7/30: FOMC 8/1: Tariff Deadline Update: 7/23: Trade deals and extensions have re-pumped the bulls, and so we look to maintain longs as long as the SPX remains above the risk pivot. Further, it appears...

Macro Theme: Key dates ahead: 7/24: Jobless Claims 7/30: FOMC 8/1: Tariff Deadline Update: 7/23: Trade deals and extensions have re-pumped the bulls, and so we look to maintain longs as long as the SPX remains above the risk pivot. Further, it appears that another...

Macro Theme: Key dates ahead: 7/22: Powell 7/30: FOMC 8/1: Tariff Deadline July OPEX Playbook: Update 7/10: Call skews are getting quite elevated and so we are looking to ~1-month sell call skew in select names - most notably SPY. Check Compass for other names. We...

Macro Theme: Key dates ahead: 7/22: Powell 7/30: FOMC 8/1: Tariff Deadline July OPEX Playbook: Update 7/10: Call skews are getting quite elevated and so we are looking to ~1-month sell call skew in select names - most notably SPY. Check Compass for other names. We...

Macro Theme: Key dates ahead: 7/30: FOMC 8/1: Tariff Deadline July OPEX Playbook: Update 7/10: Call skews are getting quite elevated and so we are looking to ~1-month sell call skew in select names - most notably SPY. Check Compass for other names. We will also be...

Macro Theme: Key dates ahead: 7/17: Jobless Claims 7/30: FOMC July OPEX Playbook: Update 7/10: Call skews are getting quite elevated and so we are looking to ~1-month sell call skew in select names - most notably SPY. Check Compass for other names. We will also be...

Macro Theme: Key dates ahead: 7/16: PPI 7/16: VIX Exp, Earnings Start 7/17: Jobless Claims 7/30: FOMC July OPEX Playbook: Update 7/10: Call skews are getting quite elevated and so we are looking to ~1-month sell call skew in select names - most notably SPY. Check...

Macro Theme: Key dates ahead: 7/15: CPI 7/16: VIX Exp, Earnings Start 7/30: FOMC July OPEX Playbook: Update 7/10: Call skews are getting quite elevated and so we are looking to ~1-month sell call skew in select names - most notably SPY. Check Compass for other names....