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: 6/11 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...

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...

Macro Theme:   Key dates ahead: 6/5 Jobless Claims 6/6 NFP 6/11 CPI 6/4: In line with the update from 5/27 - As the SPX has held >=5,900 we continue to favor upside equity plays, which syncs with looking for vol contraction into June monthly OPEX (6/20). We...

Macro Theme:   Key dates ahead: 6/4 ISM PMI 6/5 Jobless Claims 6/6 NFP 6/11 CPI 6/4: In line with the update from 5/27 - As the SPX has held >=5,900 we continue to favor upside equity plays, which syncs with looking for vol contraction into June monthly OPEX...

Macro Theme: Key dates ahead: 5/21 VIX Exp 5/20: Bulls remain in control while SPX >5,925. We press shorts <5,900 (our only current shorts are limited to longer dated put spreads related to 5/13 notes). 5/21 VIX expiration marks the window closing from a...

Macro Theme: Key dates ahead: 5/21 VIX Exp 5/13: With the SPX >=5,825, we see Friday's OPEX (5/16) as one of the most call-lopsided expirations ever. We think this may lead to a market correction next week. 5/12: Following the US/China trade advancements, we are...

Macro Theme: Key dates ahead: 5/21 VIX Exp 5/13: With the SPX >=5,825, we see Friday's OPEX (5/16) as one of the most call-lopsided expirations ever. We think this may lead to a market correction next week. 5/12: Following the US/China trade advancements, we are...