Most people have not studied the great bubbles, crashes, recessions, and depressions. What I can say is that it is very normal for leverage to go way up at the end of the cycle. You also see much more stealing, Ponzi schemes, Coporate lying etc. I suggest people be super careful here at these levels.
Someone made a fortune today playing SPY 600 PUT option expiration. Same thing happened last year on 12/20/23 for +100x. This year was a 200x oppurtunity on the 0DTEs. I wonder if these passive funds and algos keep pushing these markets up on 5-10% pullbacks will we keep getting bigger and shorter corrects. I've add this setup to my playbooks. $5000 straddle for 610 CALLs and the 600 PUTs would have netted you $1 million. I'm ok gambling $5k once a year to make $1 million.
That is a good idea. We will add it to the list. We have an episode on a different hedge fund strategy (pod shops) coming out tomorrow, but that one would be interesting as well.
The Opex price action stats are really interesting since above 2/3 is quite a probability but today is already vixperation and opex does accur after it so the number is indeed lower so why is Brent talking about this being a potential turning point?
Yes but where were you all smart guys when example micro cost couple of dollars and you never recommended Microstrategy as a great buy? It’s going up for the last 5 years . Where have you been ? Do you all appear when you hear bubble ?where do all this people appear from thin air to start warning People but never there from the start to recommend a great stock ?
This guy is a good interview
thanks for sharing
Thank you for watching!
Most people have not studied the great bubbles, crashes, recessions, and depressions. What I can say is that it is very normal for leverage to go way up at the end of the cycle. You also see much more stealing, Ponzi schemes, Coporate lying etc. I suggest people be super careful here at these levels.
Someone made a fortune today playing SPY 600 PUT option expiration. Same thing happened last year on 12/20/23 for +100x. This year was a 200x oppurtunity on the 0DTEs. I wonder if these passive funds and algos keep pushing these markets up on 5-10% pullbacks will we keep getting bigger and shorter corrects. I've add this setup to my playbooks. $5000 straddle for 610 CALLs and the 600 PUTs would have netted you $1 million. I'm ok gambling $5k once a year to make $1 million.
Why does Brent keep saying FOMC is on Thursday? The FOMC rate decision is on Wednesday. It’s always on Wednesday.
sorry was on little sleep.
Interesting to have a discussion right before the Crash.
Any chance an episode could be done on "What is Merger Arbitrage" the theory behind it and how people invest in those ?
That is a good idea. We will add it to the list. We have an episode on a different hedge fund strategy (pod shops) coming out tomorrow, but that one would be interesting as well.
The Opex price action stats are really interesting since above 2/3 is quite a probability but today is already vixperation and opex does accur after it so the number is indeed lower so why is Brent talking about this being a potential turning point?
due to stretched vols in meme names, low vol in indexes. correlation broken
We busted thru the wall like knife thru butter so the bounce gets to no more than 6000+6100 by tmw
Yes but where were you all smart guys when example micro cost couple of dollars and you never recommended Microstrategy as a great buy? It’s going up for the last 5 years . Where have you been ? Do you all appear when you hear bubble ?where do all this people appear from thin air to start warning People but never there from the start to recommend a great stock ?
its down 10% today.
It was never a great stock. Still isnt.
@@spotgamma +490% still it’s alright 👍