What’s this…actual….volatility?! Did this 6-day massive outside reversal bar just put us back in a 4th wave correction?! If so, good thing we have the NDX and Google butterflies flapping around.
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Hi Todd,
The only explanation that I can reason with regarding the rise in rates is the Fed unwinding of the balance sheet which in some ways would work as monetary tightening…I think people are still deciding what to make off the change in language from the Fed yesterday which to me this morning rang an alarm when TLT retraced the post Fed move from yesterday and the USD started to strengthen, does it make sense to you? That was some insane move today in tech today! Regards,
Carlos
Hi Todd,
On the GOOGL trade alert text message, the buttery fly was sell 2 955 puts buy 1 each 995/915 puts for sept.
Hi Todd,
Seems like the trade alert text message went out with sell -2 955 puts for sept and buy +1 each of the 995/915 puts for sept. for the butterfly.
Sorry Todd,
My mistake, was looking at the close out trade on your video, not the actual position. My mistake
Constantine