BY MARK SEBASTIAN
March 19, 2024
Hey Traders,
Are we seeing volatility swell?
Notice the SPX is rallying still and yet since January we have had higher lows and higher highs in volatility.
While maybe this is FOMC related…if vol does not break the low from Mar 1, I think we are going to see some fireworks into the back half of the month.
TLT is also looking pretty shaky…if interest rates go…so goes the market. This FOMC meeting could lead to that if they come out hawkish…
The VIX curve is super tight, yes, there are only 2 days left or March…but it is worth noting….April is also tightly on top of the cash index:
All of this smells like we have a huge move coming…probably down…but potentially up.
So what do you do about it?
Join me tonight and Ill share… you can attend the webinar here.
Your Only Option,
Mark Sebastian
Mark Sebastian
Founder & CEO, Option Pit
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