The (vol) song, remains the same...a low volume lullaby featuring SPX 1m realized of 7.7 and 10d of 6.1. And if you've not fallen asleep yet, 1m realized correlation on the SPX of 4% should help you get there. Above, a CBOE Index illustrating the performance of owning weekly straddles on a delta-hedged basis. Very difficult since Trump's "anti-liberation day" on 4/9. Next week has 42% of the market cap of the SPX report, an FOMC meeting (watch your Truth Social accounts for a Trump rant) and NFP... not a bad week for catalysts.