Thanks, forgot about this ratio. Adds to list of current divergences...somethings brewing. Whats concerning is this ratio only diverges at much larger pullbacks...

Would hold if u have patience. Weekly looks good; daily taking a break...I have low turnover in my utilities holdings; great portfolio stabilizers and performers long-term if one buys them correctly.

Hard to buy here though when VIX and HYG uncorrelated...

@Matt - would appreciate ur thoughts on probability of larger upside VIX gap being filled this pullback or if mkt is too bouyant...

One of my favorite books…

Basically no options buying demand beyond today so spy pinned unless more news creates short rally. Risk wary pros won’t be long into Mon. Spy vol has been tracking Oil vol lately so oil up spy vol low is unusual. Data suggests  could realize into a vol spike; situation fluid so must position to risk tolerance. 

0DTE options mkt pretty defined 6400-6600 range today; been great for collecting premium w/ these swings

Oh yeah, for sure there are Harvard business review case studies for MBAs on this topic. Bud Light being the poster child. On NKE though it’s at a logical monthly chart end of wave five bounce zone even if for short term bounce.  fundamentals are still relatively strong + dividend. Seems like good risk reward down at these levels. can think of it as out of the money options play.

I’ve also been watching NKE continue to crater but bought at 48 after drop AH. Still higher PE but maybe close to bottom zone. 

today's action expected w/ quarterly spx opex on jpm collar and high neg gamma. VIX setting up bullish hourly triangle to possibly pop again before this is all over.