$SPY third time sharing this ... inswesr i dont have a time machine
$SPY careful now bears.... ivol needed to be crushed before the vix expiry on 11/18... now they cant let vix and iv be too far apart.. it needs to be balanced... in order to do that .. dealers and market makers .. need to keep vix over 20 at all cost... i think their plans got derailed bc of the pfizer news and crazy call buying on monday.... so they had to let vix go up to 27-28 range... so it can go down a lot till 11/18 but still stay over 20... now the melt up begins .. where IV gets crushed and vix starts going down and s&p slowly starts melting up. Buy the dip at close and sell them immediately at open. European traders just front runs this vanna flows and covers during the first thing in the morning. I expect spy to keep gapping up and crapping during the days ... till nov 18th... then a sudden drop but not too much and a big rally till dec 15th... leaving room for rebalancing towards the end of the year and close losing positions .. for the tax year...
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