Zkrit

I think my watchlist is funny too btw. thebadhombre.substack.com

Just to recap: @RoKhanna proposed a "one time 1% tax over 5 years" that is actually a 5% tax of the ownership rights, meaning if you have 10x voting shares its a tax that takes 50% of your value This immediately triggers a massive flight of wealth from California so dumb

$SPY What You Really Did Not See Today? Something you do not see often happened today. A JPM Collar Tweak Mid-Quarter. Details below. 1. The SPY opened higher, crushing VIX overnight and into the 10AM EST hour, 2. While this was happening, the $JPM desk was taking advantage of lower VOL and spent "hundreds of millions" on adjusting their hedge fund collar for Q4: they made it more "Bearish-biased" than when they created it end of September. They tried to avoid slippage (price drop from millions in puts) by buying a few millions in short-dated 11/21 and 11/28 calls, but that did not work, you saw how the price tanked from $667 to $661 in no time (!!) 3. My read of the new numbers shown in the table below, courtesy of @CheddarFlow as data source, is that now they go from 5-7% downside cushion, previously to $6330 SPX, now to 4-12% cushion to $6000 SPX 4. The $140+ Millions put purchase on $SPXW at $6900 OTM is interesting, and builds a gamma wall there for dealers to start hedging this new level. This can cap end of the Q4 max price to be just above this number at the $6950 level. If you are thinking $7500 by year end like Tom Lee, now forget about it! To summarize, JPM readjustd to factor in a larger pullback risk. This move suggests more resistance at $6800, no more easy going through this level, see the table. This means more sideways, more volatility, and when and if $6900 is reached again, there will be a big fight there. For tomorrow, green bias new moon, pullback risk AM with the Sept job report, then opex Friday, maybe pin the price at a much higher level than the $6600 put wall to expire a lot of puts worthless, we will see a wedge on Friday, most likely, that will also kill 0DTE premia. Bears will be aware post NVDA and are already providing the overnight squeeze. Share & Subscribe, link in bio: $SPY $QQQ $IWM $MDY $RUT $DIA $SDOW $SOXX $SOXS $SMH $NVDA $TSLA $YINN $VIX $VXX $TLT $BTC $GLD $SLV $SVXY

Unfortunately, James Wynn(@JamesWynnReal) was still liquidated for 155.38 $BTC($16.14M). x.com/lookonchain/st…