Macro Theme: Key dates ahead: 3/19: FOMC 3/21: OPEX 3/31: Q-End OPEX 4/2: Tariff Deadline 3/19: Into FOMC downside seems exhausted, and OPEX may bring some relief. We prefer to express the next week as a "short put" scenario, meaning we think downside is pretty...

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 3/18: We look for short term equity weakness after this mornings VIX expiration (ref 5,675), with a target area of 5,565. Should that target hit,...

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 credit...

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...