The ALL IN bet that everyone else will get fucked over to make the quarter, while you profit...
The third and final implosion sequence is well underway:
Gap 'n Trap visualized. Shorts covered ahead of the Fed and then got locked out of the options market:
One week ago:
Did Options Traders Trim their Hedges Too Soon?
An Unprecedented Jump In The VIX
Global risk off. Check
JPY carry trade unwind. Check
Nightly China deval. Check
Oil implosion. Check
Failure at 2100 S&P. Check
Volume and volatility spike. Check
Tech rollover. Check
Breadth momentum falling. Check
Yield Collapse. Check
The "event" that caused the last two implosions
China Yuan Devaluation. Check.
Risk off. Check
Treasuries with JPY versus stocks:
Price momenum rollover deja vu of December. Check.
Oil rollover and backtest on high volume. Check.
Dumb beta rollover and backtest. Check.
More dumb beta rollover. Check.
Price / Volume
World's largest stock by market cap
Third wave down at all degrees of trend. Check.
World's second largest stock by market cap
Ground and pound. Check.
Mega cap rollover. Check.
Overnight Gap risk. Check.