It feels like /ES 6500 is inevitable. At that point I’ll be fully out of all the S&P upside deltas that were scooped back in May. There’s better R:R elsewhere, and the index should give another shot to scoop those up again into the end of Q3.
Kris Sidial🇺🇸
Kris Sidial🇺🇸1.7. klo 06.38
Still cannot believe S&P upside stuff in the 6-8M range was so cheap. It made no sense at all back in May. People were pricing that stuff as if the market had zero shot of continuing the rebound. I didn’t believe it would hit either, but when the market is practically handing you free bets you have to warehouse that. FWIW, a lot of stuff have repriced 10-15X and is now very close to ITM. Just insane stuff in all directions this year.
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