TradingEdge

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Revisiting the ISM data from yday, i think the employment element shows that there is a good chance that the weak NFP data that we saw on Friday, was indeed because of the storm. As such, the weakness in data reported was likely overdone for now.	51
With VIX the way it is, selling put options can be a strategy for increasing exposure to the market at lower prices and lower risk. Wait until VIx declines to go long on the buy the dip.	51
Oil down at 73 since this post. Despite geopolitical risks, traders continue to have bearish positioning on oil. Not buying calls. But instead load up on puts. Skew is bearish. This points to yes recessionary fear, but also, lack of belief that the Iran Israel will amount to that much in truth.	51
With Japanese wage data strong, we need to see the unwind of USDJPY collapse from strong US data. Not much on the economic calendar for now though.	51
ISRG: Todays price action showed bounce from 430. Thats because of the large call delta node there. Below 430, we see some put delta at 420, but not much below there. Put delta on 450 will be resistance, but traders remain bullish overall, buying calls on 475+.	50
My post from yday is still mostly in tact. I mentioned that with VIX up this sharply, it indicates panic. In that stuation, we can see markets remain under pressure and more selling to come. Clearly this selling was more violent than anticipated, but we did see it. The key is still in the VIX.	50
Traders have sold puts on 16 and 15 and opened up more calls on 25. Traders are expecting Vix to increase further. This is not supportive for markets right now going into NFP. Vol sellers not here right now.	50
Positioning in VIX skewed to calls. Need the right data today to lead to a VIX crush. Traders are increasing bullish bets. 3m skew (bearish) shows traders still bet that vix will decline later, but for now, positioning is biased to upside move. Need data to support. Key NFP print coming up.	49
I have posted my BTC target for downside. 50k was my first target. 47k is my second if 50 breaks. But BTC will likely still recover once this volatility passes. Remember BTC is basically a risk off asset. Hence it sees selling with VIX rising. For me long term thesis still in tact.	49
HOOD: Earnigns coming. Let's see what positioning suggests. Skew points higher, which means traders are increasing bullish positioning. Traders are obviously hedging as per the current market scenario, but continue to hold those 20C. Traders see possible upside, it seems. Surge in call buying today	49

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