The Week Ahead

Volume 115 - Pain trade remains up

Good morning,

My apologies it’s late… I had a crazy busy weekend and Monday.

Last week was great.

• Cut the oil risk reversal at the top…

  • Opened at -0.03 and sold at 8.3

• On Friday, we had some SPX 0DTE calls, which went from 4.6 to 20.

  

  

---

A solid performance for equities last week, particularly in financials and tech, has kept markets heading higher. The right-tail pain trade is in full swing as investors have FOMO and are being stopped in. I won’t write too much as not much has changed from before but…