Extreme Fear. Is This A Bottom? Charting The Virus With Options Data

Discussion in 'Announcements' started by Matt_ORATS, Mar 19, 2020.

  1. Matt_ORATS

    Matt_ORATS Sponsor

    Previously, the SPY volatility had not surpassed 2008 levels, yesterday it did with the IV as high as 85% before backing off. The other indicator that had not reached 2008 levels was the bid-ask width in IV points that did reach 2008 levels intraday before backing off. This is a sign of panic and capitulation and a sign of market bottoms. I think there could be a rally here but it feels like the worst is yet to come.
  2. ElCubano


    Ackman screaming on CNBC yesterday may have signaled the bottom. Similar to the Cramer rant in 08/09
    Matt_ORATS likes this.
  3. Here4money


    i'd say wait 'til we flatten the covid curve

    Fuck Cramer, fuck Ackman, fuck Will Meade.
    Spooz Top 2 and jys78 like this.
  5. tsfx


    yes, selling has bottomed, no we get a asymmetric buying decline. Everyone's gonna try to pick the long term bottom so the market needs to ride that one out too. So, keep having those 1:3 risk reward stops out there to make the market below 2000 :)
  6. How about this....

    nooby_mcnoob and tsfx like this.
  7. notagain


    Massive bailouts coming.
    Screen Shot 2020-03-19 at 10.08.02 AM.png
  8. S2007S


    Fuxk the bailouts, tired of these bailouts, they should know by now to preserve capital for emergencies but nope, always ignore the fact that great times do not last forever!!!!
    Sekiyo and jys78 like this.