Want to see if they'll try and squeeze it or expand volatility/$VIX.
Missed the short last week. At least didn't leave any money on the table.
We wait a bit longer and are looking for the following set-ups:
1. vola is squeezed and we'll ride the expansion in either direction with cheap long options.
2. vola is expanded (we tank) so we'll short put options for premium and are looking for a btfd moment
Meanwhile, plenty of distraction watching the world burn on Twitter.
Missed the short last week. At least didn't leave any money on the table.
We wait a bit longer and are looking for the following set-ups:
1. vola is squeezed and we'll ride the expansion in either direction with cheap long options.
2. vola is expanded (we tank) so we'll short put options for premium and are looking for a btfd moment
Meanwhile, plenty of distraction watching the world burn on Twitter.
Comment:
Looks like chop into July, if not longer/worse. Maybe a strangle here
