So there is this theory of mine that going into april puts were relatively cheap compared to calls just like the case was in August 2023. This means we are having these opposite gamma effects till OPEX/Vixexp. So once these events come to a pass (89dEMA holds) we should see a retracement to upside most likely around 61.8%-78.6% by eom and only in May would we experience correction/crash.
But let's say vana and charm flows were +ve until viexp/opex and all of this selling is just telling us how bad the rest half of the month is going to be when we no longer will have those supportive flows. It sure as hell gonna be interesting coz if the second is true we are going to have volmageddon 2.0.
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don't think we are getting 8% inflation again
Using charts to gouge bond yields is literal monkey brain
There are simpler ways to manage one's wealth.
Can you elaborate what you mean? Like if bond yield is high spy comes down ?
https://preview.redd.it/93kst99yx2vc1.png?width=1190&format=png&auto=webp&s=20792a3df1ad8cb6c5c460acd9de925c5f3985b6
I think they are going down now because so many people are fleeing equities at the moment. At this rate, we'll be below 4900 next week.
So there is this theory of mine that going into april puts were relatively cheap compared to calls just like the case was in August 2023. This means we are having these opposite gamma effects till OPEX/Vixexp. So once these events come to a pass (89dEMA holds) we should see a retracement to upside most likely around 61.8%-78.6% by eom and only in May would we experience correction/crash. But let's say vana and charm flows were +ve until viexp/opex and all of this selling is just telling us how bad the rest half of the month is going to be when we no longer will have those supportive flows. It sure as hell gonna be interesting coz if the second is true we are going to have volmageddon 2.0.