$XSP $110 in 2 days, from one of my favorite vol commentators:
xitter.gq/Alpha_Ex_LLC/status/21…
will the catalysts catalyze?
If you buy a one week straddle on the SPX this morning, you pay 1.6%, 14.1 vol. You get a truckload of earnings (27% of the market cap reports today and tmrw alone), an FOMC meeting, the midterms. Throw in core PCE, GDP, ISM and the Employment Cost Index for good measure. Who said we had an affordability crisis?
Since 2024, the probability of the SPX moving more than 1.6% over a one week period is 35%... basically the same for starting in 2023 and 2025...go back to 2022 and (unsurprisingly) it's 42%.
Obamacare premiums and deductibles are bankrupting me. I have to stay insured to 65. I won't make it.
Sunday night #EquilibriumTrade... TV and trading profits! /MNQ $77 net after 30900 short put (completely unnecessary in hindsight!). thanks @optionsuncapped !
IIRC $MSTR sold a bunch of Bitcoin not so long ago when the price was down 50000ish. 🤔
$MSTR - STRATEGY BUYS MORE BITCOIN AND REPURCHASES $192 MILLION IN PREFERRED STOCK
Strategy acquired 250 BTC for $21.5 million at an average price of $86,194 per Bitcoin.
The company now holds 848,250 BTC, purchased for approximately $64 billion at an average cost of $75,444 per coin.
Meanwhile, Strategy repurchased $192.4 million of STRC preferred shares and reported $4.88 billion in USD reserves, alongside $640.5 million in additional cash.
Idea is to roll for credit in perpetuity.
Getting ready to travel so closing out a lot of short trades.