TraderHC@traderhc
Friday isn't the volatility event. Monday is.
Quad witch strips out trillions in options today. All that gamma infrastructure, the dealer hedging, the pin mechanics. Gone by 4pm.
Then Powell speaks Saturday. Markets closed. No way to react.
Monday opens with a completely reset gamma landscape, a Fed catalyst nobody could hedge for, and buyback blackout still active. No corporate bid underneath.
$SPY sitting at 656 with the put wall at 650. I think we test that level Monday, maybe break it. The variance risk premium is screaming. Implied vol at 24, realized at 13. People paid up for protection that expires worthless today. The actual risk shows up when they're naked.
Everyone exhaling into the weekend is looking at the wrong day on the calendar.
What's your Monday game plan?