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This may shock most of you
1. From my observation in cross-assets analysis, this plunge from high to low 2940 to 2710 (230 pts) is nothing more than a stop run
2. I have notices some huge put selling in #ES_F in July, Aug and Sep during the relentless ramp of $SPX crushing $VIX
1. From my observation in cross-assets analysis, this plunge from high to low 2940 to 2710 (230 pts) is nothing more than a stop run
2. I have notices some huge put selling in #ES_F in July, Aug and Sep during the relentless ramp of $SPX crushing $VIX
3. These put selling was around #ES_F 2700 strike.
4. For three months in a row, they worth around billions of dollars put premiums.
5. Th Options MMs engineered this Plunge was just to attack that $ES_F 2700 level or lower, making that put sellers capitulating.
6. But, not yet
4. For three months in a row, they worth around billions of dollars put premiums.
5. Th Options MMs engineered this Plunge was just to attack that $ES_F 2700 level or lower, making that put sellers capitulating.
6. But, not yet
7. If that put seller does not capitulate in the coming days, the volatility would persist until somebody folds
8. Not only that put seller sis not fold, they also added more puts at around 2500,2400, expecting the $SPX would not drop below 2500
9. It's Options market stop run.
8. Not only that put seller sis not fold, they also added more puts at around 2500,2400, expecting the $SPX would not drop below 2500
9. It's Options market stop run.
