Just read this, I ride a Specialized Turbo Creo SL Expert EVO. Can't do hardcore MTB anymore but some gravel is still fun.
The market will do what it will, but I came upon a metric that suggests our economy has the potential to enter a long term, sustained boom. I’ll post details next week in my Biden-Harris Administration thread.
I remember this post from your Everything Journal: “I did this 30 minutes ago, but it hasn't moved. Long the SPX MAY10 2870/2930/3030 231 put fly from 59 (currently 59.35 mid). I extended the outside wing by 10 points. I did the (2211) synthetic, but the natural is a tight spread. $59.60 is do-able here.” Was wondering what the 2211 synthetic meant. I’m still confused on what a 153 fly is? I think that’s what you labeled it, as I can’t find the post when you mentioned this ratio.
It's just to denote the terminal risk on the asym within either wing. IOW, there is naked risk and the debit (if at a debit) doesn't give you wing risk (with the 153). 253 is the other ratio typically used.
Oh come on now, Fauci has cured the Covid version of the flu and the Fed has cured bear markets. Who could have anticipated this in 2010? Just because ES is in reversion to mean territory in 3 out of 4 major time frames I watch, doesn’t mean it has to correct, right? Besides, just a little more, and the baby boomers can all retire as millionaires! This is the roaring 20’s again, baby. Year for year. Ok, hopefully not year for year. There was the 1929 market crash, the Depression in the Thirties, and World War II starting in the late Thirties. With current debt loads, consumer and systemic reliance on over specialization, and some weapon systems that can give everyone a bad day, we had better hope this thing keeps going. And going. And going.
I am shorting July vol in front of GOOGL numbers. I've got the 1900/2000P x 2500/2700C 2211 short from an average of 49.6.