A lot of traders think they’re trading direction, but they’re really trading a surface they don’t understand. Term structure, skew, vol of vol, liquidity, and dealer positioning decide the payout long before the candle does. If you can’t see why the same idea prices differently

Easy game plan for FOMC. Waited for the 2:45-2:50 EST window for trade opportunities. Took calls right at 6947 $SPX expiring end of week with trims into 6900. Pretty much no way we didn’t have a bullish outcome for today’s FOMC

GLD 🐂

Pre market lean with $SPX trading 6860 for a first hour move towards 6800

risk off profit banked... cash settlement typa day on remaining

Trim $12.30 holding remaining cash settlement

Currently trading right by 1000% at 22.50 posted real-time From the onset commented expectation for larger move trim $15 and cash settlement remaining (indicating larger move into close)

Today is last day I'll be posting on X hosting a spaces later 6pm EST to discuss a few announcements and some market crumbs x.com/i/spaces/1ynJO…

I will not be posting from the account Justin Katz Just posted some market crumbs

6:30 EST Spaces! x.com/i/spaces/1BRJj…

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