SPX - FookinGAMMABro's
READ:
Razor-Focus-Situational-Awareness
Extrapolate Out the BullShit
Assess the Environment We are In
Digress toward Adaptable/Flexible Strategies
Don’t get hooked on hopium…Hope is not a plan. Hope is bullshit…“Get Comfortable being Uncomfortable…Shoot-Move-Communicate! TEAMs via Simpleton-Leadership”
Razor-Focus-Situational-Awareness
Extrapolate Out the BullShit
Assess the Environment We are In
Digress toward Adaptable/Flexible Strategies
Don’t get hooked on hopium…Hope is not a plan. Hope is bullshit…“Get Comfortable being Uncomfortable…Shoot-Move-Communicate! TEAMs via Simpleton-Leadership”
Comment:
Read of the Day:
"Can helicopter money be dropped without inflation, perhaps for a spell; but I know how this is supposed to end, or at least that’s what I learned at UChicago.
If indeed pigs can fly forever, fine, I burned 20bp a year to find out. But this is a minimal cost to protect a rate sensitive portfolio of long-dated Muni’s, Mortgage REIT’s, MLP’s and leverage CEF’s that have a static cashflow yield north of 8.0%."
www.convexitymaven.c...ven_Pigs_Can_Fly.pdf
Harley S. Bassman
"Can helicopter money be dropped without inflation, perhaps for a spell; but I know how this is supposed to end, or at least that’s what I learned at UChicago.
If indeed pigs can fly forever, fine, I burned 20bp a year to find out. But this is a minimal cost to protect a rate sensitive portfolio of long-dated Muni’s, Mortgage REIT’s, MLP’s and leverage CEF’s that have a static cashflow yield north of 8.0%."
www.convexitymaven.c...ven_Pigs_Can_Fly.pdf
Harley S. Bassman
Comment:
Hi G: 3275
Lo G: 3245
Big Call Vol at 3250 and 3300
Ahead: Apple and FOMC
TBD!
Lo G: 3245
Big Call Vol at 3250 and 3300
Ahead: Apple and FOMC
TBD!
Comment:
The new “flip” line is 3270, “or 3258 ex the 1/31/20 expiry (ref 3255 last in futures)”, Charlie says. The straightforward implications are… well, they’re straightforward.
A move below that line means “Dealers are getting ‘short-er Gamma’, particularly into the US Cash close” which would entail “more Dealer SELLING the lower we go”.
A move below that line means “Dealers are getting ‘short-er Gamma’, particularly into the US Cash close” which would entail “more Dealer SELLING the lower we go”.
CALL PUT TOTAL
VOLUME 2,952,841 2,972,306 5,925,147
OPEN INTEREST 116,055,177 122,344,177 238,399,354
markets.cboe.com/us/...et_statistics/daily/