Do you have any thoughts on why the VIX was running up as well? It seemed odd/dangerous for longs that it was for some time. Also, do you use GEX levels for your roadmap? Very curious to know whether you use them, and if not, why.
Yeah, everything went up today, even VIX! I’d recommend doing a deep dive into the “spot up, vol up” dynamic for a better understanding of why that can occur.
I don’t use GEX levels in my trading or analysis. I prefer focusing on references derived directly from the auction process rather than adding additional layers that may introduce unnecessary noise or conflicting signals.
A lot of the time, options activity is concentrated around important areas that are already reflected in the market structure.
That was something else today! 400 points since Wednesday is crazy. I also noticed VIX rising as price trended up, not unusual in itself but it was rising for large parts of the session along with price.. 😵💫
Thanks Smash! Good advice about emotional markets and treading lightly. What's that phrase about the market staying irrational longer than we can stay solvent? :)
Do you have any thoughts on why the VIX was running up as well? It seemed odd/dangerous for longs that it was for some time. Also, do you use GEX levels for your roadmap? Very curious to know whether you use them, and if not, why.
Yeah, everything went up today, even VIX! I’d recommend doing a deep dive into the “spot up, vol up” dynamic for a better understanding of why that can occur.
I don’t use GEX levels in my trading or analysis. I prefer focusing on references derived directly from the auction process rather than adding additional layers that may introduce unnecessary noise or conflicting signals.
A lot of the time, options activity is concentrated around important areas that are already reflected in the market structure.
That was something else today! 400 points since Wednesday is crazy. I also noticed VIX rising as price trended up, not unusual in itself but it was rising for large parts of the session along with price.. 😵💫
Thanks Smash!
Thanks Smash, Have a great session!!!
Thanks Smash! Good advice about emotional markets and treading lightly. What's that phrase about the market staying irrational longer than we can stay solvent? :)
Thanks Smash!!
Thanks smash great perspective and guidance
Glad to be in the circle
Smash, you rock!!
😋
Right after August open the market went straight up to seek whole last month's 50% extension then stalled, crazzzzzzzy!
Relentless!
Thanks Smash! What a squeeze!