Macro Theme:   Key dates ahead: 3/18: VIX expiration (Tuesday) 3/19: FOMC 3/21: OPEX 3/31: Q-End OPEX 4/2: Tariff Deadline 3/11: Having now seen some capitulation into 3/11 and SPX 5,565, we are looking for a short term oversold bounce into the ±5,750 area. Call...

Macro Theme: Key dates ahead: 3/13: Inflation + Jobs data 3/18: VIX expiration (Tuesday) 3/19: FOMC 3/21: OPEX 3/31: Q-End OPEX 4/2: Tariff Deadline 3/11: Having now seen some capitulation into 3/11 and SPX 5,565, we are looking for a short term oversold bounce into...

Macro Theme:   Key dates ahead: 3/12: CPI 3/18: VIX expiration (Tuesday) 3/19: FOMC 3/21: OPEX 3/31: Q-End OPEX 4/2: Tariff Deadline 3/11: Having now seen some capitulation into 3/11 and SPX 5,565, we are looking for a short term oversold bounce into the ±5,750...

Macro Theme: Key dates ahead: 3/12: CPI 3/18: VIX expiration (Tuesday) 3/19: FOMC 3/21: OPEX 3/31: Q-End OPEX 4/2: Tariff Deadline 3/11: Having now seen some capitulation into 3/11 and SPX 5,565, we are looking for a short term oversold bounce into the ±5,750 area....

Macro Theme: Key dates ahead: 3/18: VIX expiration (Tuesday) 3/21: OPEX 3/31: Q-End OPEX 4/2: Tariff Deadline 3/4: We see signs of a "capitulatory" downside move waiting in the wings. As such, we do not want to be short puts/short vol. Dip buyers likely want to...

Macro Theme: Key dates ahead: 3/6 Jobless Claims 3/7 NFP/Powell 3/18 VIX expiration (Tuesday) 3/21: OPEX 4/2: Tariff Deadline 3/4: We see signs of a "capitulatory" downside move waiting in the wings. As such, we do not want to be short puts/short vol. Dip buyers...

Macro Theme: Key dates ahead: 3/6 Jobless Claims 3/7 NFP/Powell 3/18 VIX expiration (Tuesday) 3/21: OPEX 4/2: Tariff Deadline 3/4: We see signs of a "capitulatory" downside move waiting in the wings. As such, we do not want to be short puts/short vol. Dip buyers...

Macro Theme: Key dates ahead: 3/5 ISM Services PMI 3/7 NFP/Powell 3/18 VIX expiration (Tuesday) 3/21: OPEX 4/2: Tariff Deadline 3/4: We see signs of a "capitulatory" downside move waiting in the wings. As such, we do not want to be short puts/short vol. Dip buyers...

Macro Theme: Key dates ahead: 3/5 ISM Services PMI 3/7 NFP/Powell 3/4: We see signs of a "capitulatory" downside move waiting in the wings. As such, we do not want to be short puts/short vol. Dip buyers likely want to express that view instead with call spreads. Key...

Macro Theme: Key dates ahead: 3/3 ISM Manufacturing PMI 3/5 ISM Services PMI 3/7 NFP/Powell Risk On: >6,000 Risk Off: <5,975 Key SG levels for the SPX are: Resistance: 6,000 Support: 5,964, 5,900   Founder's Note: Futures are 50bps higher, boosted by crypto...

Macro Theme: Key dates ahead: 2/28: PCE 3/7 Powell Key SG levels for the SPX are: Resistance: 5,900, 6,000 (wide resistance levels) Support: 5,850, 5,800   Founder's Note: Futures are +30bps ahead of PCE at 8:30. Ahead of PCE, the 0DTE straddle is trading for...

Macro Theme: Key dates ahead: 2/27: GDP 2/28: PCE SPX Risk on >6,000 Risk off <5,975 Key SG levels for the SPX are: Resistance: 6,000, 6,020, 6,050 Support: 5,950, 5,925, 5,900   Founder's Note: Futures are 60bps higher, leaving the SPX to test the 6,000...