Nothing fancy, HMA 13/30 starting to look bullish. We are still within the regression channel from last March's correction. Historically, April has a positive return for the S&P with an average return of 1.5% .
SPY implied volatility is in steeper contango compared to top holdings (AAPL, MSFT, GOOG). I am looking to sell monthly straddle in SPY and buy straddles in previously mentioned tickers. Direct play on change in realized vol in SPY is less than expected compared to SPY top holdings.
Disclosure: This is not financial advice I do not know what I am doing.
yardeni.com/pub/stmktreturns.pdf
(Not enough rep to include link)
SPY implied volatility is in steeper contango compared to top holdings (AAPL, MSFT, GOOG). I am looking to sell monthly straddle in SPY and buy straddles in previously mentioned tickers. Direct play on change in realized vol in SPY is less than expected compared to SPY top holdings.
Disclosure: This is not financial advice I do not know what I am doing.
yardeni.com/pub/stmktreturns.pdf
(Not enough rep to include link)