Incorrect. Let’s talk about this little more:
Realized vol anchors implied. If SPX isn’t actually moving much day to day, VIX near 15 is roughly fair pricing, not complacency.
Covered-call and buy-write ETFs (JEPI, JEPQ, SPYI and similar) and dispersion trades sell index vol constantly
A better metric to track is CBOE COR1M/ COR3M
TECH is having one largest drawdowns in 20+ years
Over 51% of NYSE stocks are BELOW 200 day MA(thanks
@Barchart ), I don’t track it but they tweeted it
Breath is poor.
High beta is beat.
$IWM struggling.
If mags keep rotating, easy to prop
$QQQ $SPY(heavy weights), but rest of stocks not getting any LT bids.
Thoughts?