Today NASDAQ:GOOGL —
-fights off pop and fade
-breaks out of 2-day wedge
-climbs channel, topside.
Still work to do, but holding Jan. 11 expiry 1110c @2.50 because:
-moving averages momentum
If Trump evening speech has any effect, it will be upside, because:
Similar to VIX, the price of S&P 500 tail risk is calculated from the prices of S&P 500 out-of-the-money options. SKEW typically ranges from 100 to 150. A SKEW value of 100 means that the perceived distribution of S&P 500 log-returns is normal, and the probability of outlier returns is therefore negligible. As SKEW rises above 100, the left tail of the S&P 500...