minnow

22-35d skew (SPX call skew coming up like this --> look for an HTF inflection area to short). unfortunately trying to swing a short when coming up into the holidays is asking to be bled out like a pig. hence the decision to not hold.

debated swinging this due to remaining bearish HTF, but 1. holding this means i give up trading the intraday ranges, which is where skewbot shines. 2. susceptible to whatever shenanigans occur overnight. ergo, take pts and run.

short into EOD put major at 28k NDX (~110s NQ) elevated call flex trim/flatten around elevated put flex, MOC, cash close.

down...up down. etc etc

spx skew was particularly bearish off the open but normalized around 10:34am ET so despite a hard fade of the open drive at 10am we've settled back into rotation (so yes selling rips still easier than bids but don't be expecting a break of IBL towards OVNL or any some such)

i know everybody's all horny for some rally off the bottom after the sell yesterday, but today has just been a day of selling rips (in terms of the easier trade)

1dte skew + atm vol nfp tmrw

it's not chop, anon. you just can't see the sharks on the tape.

sure we're going "up". still very much a fade rip regime (jacked call skew --> incentive to scalp short call vols --> local reversions in underlying spot price as we "ramp")

inb4 we get the 10:30 ET bounce and someone comes complaining that i bottom ticked the tr*nd day

it's a trend day. don't be an idiot

this is saying anytime today after midday for NDX and after 3pm ET for SPX you would have gotten a great deal on 1dte otm put vol.

midterms event vol.

again and again and....

up, down, up

not much relative to ...well any measure really though. would just be fishing

maybe worth a bid here, 380s nq