Hey Brent. Quick question. What is your take on why any trading firm or investing institution would buy $230 SPY calls at $298.0 in premium today? Being that it is so deep ITM it will act like stock and also be much more expensive Seems like an extreme odd way to hedge 🤷🏽♂️
@@spotgamma this low correlation level can be corrected by all stocks moving up, and all these call writing can lead to potential crash up? just random thought lol
@@spotgammaUpper Pivot from 2023 VVIX high 130 drawn thru prior VVIX highs (VVIX support being 72.5). Im only bearish next week tho, Ill be neutral by opex
its a fair point, and why we tried to produce several different distribution plots and different ways to view realized vol/movement. appreciate the comment.
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Thanks Brent, great presentation
thanks jim
VIX volatility expanding since it making higher highs and higher lows. We got UVXY reverse split next week usually catches buyers before
How do we know? UVXY closed highs 7.2 while QQQ closed low 442
Volatility supression usually gets released in a big single direction move
Very interesting
Hey Brent. Quick question. What is your take on why any trading firm or investing institution would buy $230 SPY calls at $298.0 in premium today? Being that it is so deep ITM it will act like stock and also be much more expensive Seems like an extreme odd way to hedge 🤷🏽♂️
what expiration?
great info. thanks
Glad it was helpful!
@@spotgamma this low correlation level can be corrected by all stocks moving up, and all these call writing can lead to potential crash up? just random thought lol
@@zch2876 sure, that is a right tail risk that could come if, for example, they monetize debt....
thanks
Hello Brent, thanks for the information. Does SpotGamma provide courses on these topics?
we do! academy.spotgamma.com
Thanks !
Vol of Vol is above resistance pivot
what do you consider the resistance point
@@spotgammaUpper Pivot from 2023 VVIX high 130 drawn thru prior VVIX highs (VVIX support being 72.5). Im only bearish next week tho, Ill be neutral by opex
🎉 great narration.
thanks
If this video was done 1 day later on Apr 4 2024 the topic would've been a lot different
well...that dip was bought :)
dunno if the distribution graph has any value.. covid is a part of one of the graphs and then after covid (tail end of it) is a part of the other
its a fair point, and why we tried to produce several different distribution plots and different ways to view realized vol/movement. appreciate the comment.
KYLE where you at lolllllllllllll
someone watched Loki season 2?
the snake? thats from chris coles paper in 2018!