Macro Theme: Key dates ahead: 6/27: PCE 6/30: Quarterly OPEX June OPEX Playbook: Update: 6/27: We think implied volatility will have a brief uptick on Monday as quarter end hits and the JPM collar trade & its related positions expire/roll off. With that we think a...
Macro Theme: Key dates ahead: 6/26: Jobless Claims, GDP 6/27: PCE 6/30: Quarterly OPEX June OPEX Playbook: Update 6/25: The apparent resolution of the Middle East conflict put a bid into stocks, which has rendered the JPM Call for 6/30 irrelevant. SPX vols have since...
Macro Theme: Key dates ahead: 6/25: Powell Testimony 6/26: Jobless Claims, GDP 6/27: PCE 6/30: Quarterly OPEX June OPEX Playbook: Update 6/25: The apparent resolution of the Middle East conflict put a bid into stocks, which has rendered the JPM Call for 6/30...
Macro Theme: Key dates ahead: 6/24: Powell Testimony 6/25: Powell Testimony 6/26: Jobless Claims, GDP 6/27: PCE 6/30: Quarterly OPEX June OPEX Playbook: Update 6/20: Post OPEX and into Monday 6/30 we are looking for the SPX to move to 5,900 and revolve around that...
Macro Theme: Key dates ahead: 6/24: Powell Testimony 6/25: Powell Testimony 6/26: Jobless Claims, GDP 6/27: PCE 6/30: Quarterly OPEX June OPEX Playbook: Update 6/20: Post OPEX and into Monday 6/30 we are looking for the SPX to move to 5,900 and revolve around that...
Macro Theme: Key dates ahead: 6/20 OPEX 6/30 Quarterly OPEX June OPEX Playbook: Update 6/20: Post OPEX and into Monday 6/30 we are looking for the SPX to move to 5,900 and revolve around that strike. Given that, we will be looking to enter into put flies for next week...
Macro Theme: Key dates ahead: 6/18 FOMC + VIX Expiration 6/19 Juneteenth - Market Closed 6/20 OPEX 6/30 Quarterly OPEX June OPEX Playbook: Update 6/16: 5,900 is likely support in through 6/30 even with a negative FOMC reaction. Given that, we are now giving edge to...
Macro Theme: Key dates ahead: 6/18 FOMC + VIX Expiration 6/19 Juneteenth - Market Closed 6/20 OPEX 6/30 Quarterly OPEX June OPEX Playbook: Update 6/16: 5,900 is likely support in through 6/30 even with a negative FOMC reaction. Given that, we are now giving edge to...
Macro Theme: Key dates ahead: 6/18 FOMC + VIX Expiration 6/19 Juneteenth - Market Closed 6/20 OPEX 6/30 Quarterly OPEX June OPEX Playbook: Update 6/16: 5,900 is likely support in through 6/30 even with a negative FOMC reaction. Given that, we are now giving edge to...
Macro Theme: Key dates ahead: 6/18 FOMC + VIX Expiration 6/19 Juneteenth - Market Closed 6/20 OPEX 6/30 Quarterly OPEX June OPEX Playbook: Update 6/13: Futures tested ~5,925 overnight 6/12-6/13, and rallied back to 6k. That move emphasized the slippery downside <6k...
Macro Theme: Key dates ahead: 6/12 Jobless Claims 6/18 FOMC + VIX Expiration 6/19 Juneteenth - Market Closed 6/20 OPEX 6/30 Quarterly OPEX June OPEX Playbook: Update 6/12: Rumors of conflict with Iran has now zapped the rally which formed post-CPI. We think that keeps...
Macro Theme: Key dates ahead: 6/11 CPI 6/18 FOMC + VIX Expiration 6/19 Juneteenth - Market Closed 6/20 OPEX 6/30 Quarterly OPEX June OPEX Playbook: June VIX/Equity expirations fall just as SPX realized vol is getting squeezed to the floor (5-day is 8%), and the SPX is...