VolSignals And don't forget to follow this account- ...especially if you're looking for more theory to help you understand the market's option-related moves. 🎯

I still think a picture's worth a thousand words-

Implied Fed cuts after Friday's NFP- h/t GS Whether you're expecting 25 or 50 bps- ...understand the impact on your options positions. I flagged this clearly in early July. We will cover the construction of forward curves early on in VolStudies 👉 volsignals.com/volstudies

VolSignals VolStudies Come on, option guy should be using interest rate options market to interpret Fed expectations 😎

And already, courtesy of McElligott @ Nomura, you see this stuff showing up in the options chain if demand remains firm to the upside, expect this to put a wet blanket on skew in general... That said... no sure things here, and with big positions lurking, Sep OPEX, VIXpiration

Recall- "persistent realized vol" has meant pain for the "always short gamma" crew- case in point: this summer hasn't been "easy" by any stretch if you're playing one game and one game only:

brutal!

Please please please do options, too

So far so good. What about part 2? ⏳

5475 shaping up to be a fork, today

Kickoff / intro unlocks in the app in ~30 minutes- we have a few books available for quick-ship. These hardcovers & workbooks were part of the Inaugural Cohort Bonus, and after Launch Day officially ends tonight, this will be available as an "on-demand" course with physical

Often misunderstood- VIX goes up on selloffs purely as a function of spot sliding up the skew curve As a MM you'd get through a red day of heavy vol selling flows with straddles hammered on the day (adjusted lower from net selling) and outsiders would speak like VOL exploded

Goooood morning