#@%$ Your Puts!
During the march 2020 decline, you saw very similar leptokurtic distributions as we are experiencing now.
You can see the daily chart is really hugging the lower Bollinger band which is not sustainable for long.
The 4300 hundred strike is the largest put strike on the SPX right now and the largest negative gamma strike now so I expect it's going to act as support/pin going into the FOMC into tomorrow.
You can see the daily chart is really hugging the lower Bollinger band which is not sustainable for long.
The 4300 hundred strike is the largest put strike on the SPX right now and the largest negative gamma strike now so I expect it's going to act as support/pin going into the FOMC into tomorrow.
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