$SPY 1% rally after 3 weeks of consolidation and everyone is convinced we are headed for clear skies. I drew a red candle for tomorrow. Watch everyone turn super bearish if that happens.

Friday over 2.5mm calls traded on the CBOE - that was the first time since Nov '21! Forward returns from days with >2mm daily CBOE call volume: 5 day: -1.37% 10 day: -2.12% Only 14 out of 104 times has the SPX posted a positive return 10 days after a +2mm CBOE call volume day.

While the focus is on 0DTE & marking "the $VIX dead", VIX call open interest (red) has moved to 2 year highs. With this, we have seen several large VIX call trades recently including the return of "50 Cent".

Jim telling people to buy Tesla AFTER it’s already +100% this year is why Inverse Cramer is a great strategy😂

tic toc Many may have missed powell’s comment today that 10Y at 4% is “historically” low. Not good.

not an expert at all but some quick monkey math (quite conservative) on $SIVB suggests a pretty high rate of recovery is likely

So how much confidence should an investor have when our Treasury Secretary and Fed chairman contradict each other on the same day about the sanctity of all bank deposits, incredibly at the same time? Not much. 1/2

Lil Jpow

Bank: Hey! Fed, help us!!! Fed: Yo, what's up? Bank: We need some cash, quick! Fed: Hey, calm the fck down... What's the problem?

My calculated vix says vix should be around 64 rn... 👀👀👀👀👀 1/(BATS:HYG/(BATS:UUP-(1/(TVC:US30Y*5+TVC:US20Y*4+TVC:US10Y*3+TVC:US05Y*2+TVC:US01Y)*100-FX:USDCAD*100)*100/2)*10000)

VIX1D Post! The CBOE has generously back-filled the data for a year. And in the process, they've made it easy to illustrate a theme we followed closely over this time period, namely that "event risk" was priced into ultra-short dated SPX vol as a function of FOMC and CPI day

Roads stretch out, endless, Yet in stillness, I remain, Journey to nowhere. ...until expirations next week

America’s debt-to-GDP ratio is down considerably from 2020. Perhaps this overlooked development can help ease debt fears circulating: bit.ly/3JoQfI2

As the market continues to climb the wall of worry, Ken Fisher gives his thoughts on what the rest of 2023 could look like in the markets with Neil Cavuto on FOX Business: fxn.ws/44qqrUj

Note the post 2pm squeeze .... Thinking we're gearing up for a multi-day bounce in $NASDAQ and tech sectors

Profitable trading is difficult to learn and even harder to master. You will feel frustrated, angry, and discouraged. This happens at every level of experience. Even for me I still feel the same emotions but I've learned how to deal with them. When you're on a losing streak...

Nostalgia has a sneaky way to make you tear up! Not all heroes wear capes #Dravid

I am Buddhist, but I have to say, the parody of The Last Supper during the opening ceremony at the Olympics was not just in poor taste... it was despicable and completely unnecessary (not to mention the threesome at the hotel scene). It was an insult to all people of faith

Netflix co-founder defines success: