Macro Theme: Key dates ahead: 11/5: ISM 11/6: Jobs 11/14: PPI 11/19: NVDA ER SG Summary: 10/31: Yesterday's meager 1% decline started to ease the "risk alert" positioning we flagged on 10/29, with call skews shifting to "rich" vs "screaming overbought". Thats good...

Macro Theme: Key dates ahead: 11/4: JOLTS 11/5: ISM 11/6: Jobs 11/18: NVDA ER SG Summary: 10/31: Yesterday's meager 1% decline started to ease the "risk alert" positioning we flagged on 10/29, with call skews shifting to "rich" vs "screaming overbought". Thats good...

Macro Theme: SG Summary: Update 10/31: Yesterday's meager 1% decline started to ease the \"risk alert\" positioning we flagged on 10/29, with call skews shifting to \"rich\" vs \"screaming overbought\". Thats good news for bulls, as we think there is less spasm risk...

Macro Theme: Key dates ahead: 10/30: AAPL/AMZN ER SG Summary: Update 10/29: RISK ALERT - COR1M and the over-bid Index calls have us quite nervous at these levels. Given that we are going to be rolling up call positions, and adding to downside protection. The trick is...

Macro Theme: Key dates ahead: 10/17: OPEX 10/22: VIX exp 10/24: CPI ~10/29: Trump/XI meeting 10/13: We see relative support in the 6,500's due to a range of positive gamma (red box), which means we will look to play tactical bounces at major gamma strikes in that...

Macro Theme:   Key dates ahead: 10/6: OPEN AI dev day Update 10/2: We raise our key risk off level to 6,680 (from 6,600). We prefer remaining long of stocks while above that level, with an short term upside target of 6,750-6,765. If 6,680 breaks, we would look...

Macro Theme:   Key dates ahead: 9/26: Core PCE 9/29: Potential Gov Shutdown 9/30: Quarterly OPEX, JOLTS 10/1: ISM PMI 10/2: Jobless Claims Update 9/26: While the much discussed oddities in the vol complex we are concerned that a break <6,500 >=9/30 OPEX...

Macro Theme: Key dates ahead: 9/25: Jobless Claims, GDP 9/30: Quarterly OPEX 9/19: We remain bullish with SPX >6,600, but we will be adding put spreads and/or put flies for expirations near 9/30, playing a potential move to the massive 6,505 JPM strike. 9/18: We...

Macro Theme: Key dates ahead: 9/30: Quarterly OPEX 9/19: We remain bullish with SPX >6,600, but we will be adding put spreads and/or put flies for expirations near 9/30, playing a potential move to the massive 6,505 JPM strike. 9/18: We look for the rally to...

Macro Theme: Key dates ahead: 9/23: Home Sales, Powell Speaking 9/30: Quarterly OPEX Update 9/19: We remain bullish with SPX >6,600, but we will be adding put spreads and/or put flies for expirations near 9/30, playing a potential move to the massive 6,505 JPM...

Macro Theme: Key dates ahead: 9/23: Home Sales, Powell Speaking Update 9/19: We remain bullish with SPX >6,600, but we will be adding put spreads and/or put flies for expirations near 9/30, playing a potential move to the massive 6,505 JPM strike. 9/18: We look for...

Macro Theme: Key dates ahead: 9/19: OPEX Update 9/19: We remain bullish with SPX >6,600, but we will be adding put spreads and/or put flies for expirations near 9/30, playing a potential move to the massive 6,505 JPM strike. 9/18: We look for the rally to continue...