S&P500 Futures just opened with -50 dollar gap down on a rising wedge breakdown. Anyone have money on it that this is the double-top reversal? Check image
Been pretty obvious for a couple weeks, but with how autistically driven markets are to option flows are, you have to wait until the day of monthly opex to put your puts/shorts on. It’s not bouncing here VIXperation is also Wednesday and the gamma flip is 17, so if we open with a VIX above 17 on Tuesday, you’re gonna get a shitshow with that negative gamma squeeze
>>61664408IV already at 16.9% and all gaps must close, so a gap up could kill me.
Nobody else?
>>61664514So what you’re saying is this train is going off a cliff with no survivors, right? Am brainlet.
>he hasn’t been positioned fully in miners, oil, and other commodities for weeks now.You get what you deserve
>>61664740I trade Futures Options on Equity Indices because they close cash instead of an underlying commodity
