bit hard psychologically since there are extreme ranges

against the will, though not plunging there is opportunity

levels are still respected but the situation is just more rare

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LH/LL are still a thing on the intraday

mms would be buying what is sold and matching calls

we see darks are no longer held and gamma is low

the previous max put scenario is not so present

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mm collars w/ sold puts into high vol clientside

looks like we are carving out based on events

would need event based triggers to move away

energy notably has not bought into the movement

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still pending further certainty while establishing levels

sigh of relief here, and wild moves on the intraday

longer term vol has been repaired, literally back in business

a sign of confidence found in the movement behavior and liquidity

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less hedging and now yields do not have to act abruptly

for the vol environment put selling / theta decay is a plus

on the other side mms take puts, and unwind inventory

situation is less dire and the dips wide and plenty

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some uncertainty but more defined and technical action in play

interesting friday of guessing where vol will push while carries hold

allows some further put selling possibly, very nice dippishness

energy has a rounded formation w/ slightly nippular center

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emphasis on fear and uncertainty as an typical op in this regime

crosswinds at play with mixed major and minor trends causing turbulence

longer duration attempting slow and steady trickling in on the dips

carries and energy are also pushing generating some stability

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tough to play on the shorter term with mixed trends

handspin 

crosswinds at play with mixed major and minor trends causing turbulence longer duration attempting slow and steady trickling in on the dips carries and energy are also pushing generating some stability // tough to play on the shorter term with mixed trends

True! the day to day is all news driven and overnight driven lately you have to really zoom out to see the big picture or become micro focused on a short short timeframe.

there was a big difference between ym and nq/es just from UNH earnings possibly

the micro is a good consideration with structure but definitely not for swings

otherwise, having to hedge and down size in the high vol environment

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aside from energy, nothing is picking up the slack, even yields

revisiting previous recent lows possible to test potential buyers

one issue is that nvda has not really finished its low cycle

would drag mag 7 reporting earlier even if positive

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uncertainty still looms high, though earnings seem solid