Macro Theme: Key dates ahead: 8/12: CPI 8/15: OPEX 8/20: VIX EXP 8/23: J-HOLE 8/27: NVDA ER 7/30: We recommend ~8/11-8/15 exp 6,500 calls as an upside play out of FOMC, GDP, NFP and Mag 7 earnings. This is because they are trading at a 9-10% IV, and we think a vol...

Macro Theme:   Key dates ahead: 5/28 FOMC Mins/NVDA ER 5/29 Jobless Claims 530 PCE 5/27: Our prime position here is maintaining rolling short dated tail positions, near the 5,750-5,700 zone, as the market consistently shows jump risk (ex: 20Y auction day and...

Macro Theme: Key dates ahead: 4/22: Earnings: TSLA, MMM, LMT, PHM 4/23: New Homes Sales, Earnings: BA, CMG, VRT, LVS, IBM 4/24: Durable Goods, Jobless Claims, Earnings: INTC, GOOGL, AAL, PG, FCX 4/21: In addition to the 4/17 view(below), we will this week look to...

Macro Theme:   Key dates ahead: 9/27 Core PCE 8:30AM 9/30 Quarter End OPEX TLDR: We continue to maintain long positions >5,700, and would flip to neutral if the SPX goes <5,700. We expect more chop today, with eyes remaining on time & price: 5,750 &...

Macro Theme:   Short Term SPX Resistance: 5,320 (SPY 530) Short Term SPX Support: 5,265 SPX Risk Pivot Level: 5,265 Major SPX Range High/Resistance: 5,320 (SPY 530) Major SPX Range Low/Support: 5,000 For the week of 5/13 we see several catalysts, which should...

Macro Theme:     Short Term SPX Resistance: 5,100 Short Term SPX Support: 5,000 SPX Risk Pivot Level: 5,000 Major SPX Range High/Resistance: 5,100 Major SPX Range Low/Support: 4,800 ‣ 5,100-5,116 (SPY 510) is the likely high into next weeks 5/1 FOMC. We...