Neutral Call, 4-day trading week with a huge expansion of Expected Move from last week's $62.
Last Week: $62 EM / 5 Days = $12.5/day --> Next Week: $107.75 EM / 4 Days = $27/day
Volatility is like toothpaste; Once it's out of the tube it's hard to put it back in.
The market is seeing a ton of risk in the volatility futures 47 days out for some reason. It's before the election.
The Dollar $DXY is the sleeping elephant in the room.
Enjoy your Labor Day, you earned it.
Best of luck next week,
- RH
Last Week: $62 EM / 5 Days = $12.5/day --> Next Week: $107.75 EM / 4 Days = $27/day
Volatility is like toothpaste; Once it's out of the tube it's hard to put it back in.
The market is seeing a ton of risk in the volatility futures 47 days out for some reason. It's before the election.
The Dollar $DXY is the sleeping elephant in the room.
Enjoy your Labor Day, you earned it.
Best of luck next week,
- RH