The Week Ahead
Volume 50
Never look back unless you are planning to go that way. - Henry David Thoreau
Hello Substack and welcome to The Week Ahead Volume 50. A strong week for myself and paid subscribers. A 10 bagger and several other lucrative trades across FX and stocks. An ok week for my largest holdings but have finally put on a collar on GOOGL. Friday I was a buyer of MRNA 04/21 160C. Trimmed a little more of the 4100/4200 SPX call spread that I shared on Twitter. 4100/4200 SPX Twitter Link. Mixture of data and a lot of conflicting views between participants… an ever-growing divide…
What supposedly should have been a great/easy buying opportunity on VIX has proven to be nothing but a premium burner and eyesore for bears and vol buyers. VIX now 17.07…
Volumes remain light post spring break and seems participants are thinking about the probability/possibility of a recession…
And time for the usual charts…
I am sure most subscribers will be looking forward to this post after I nearly flipped tactically bearish mid week… so let’s dig in.