
kogadama
1.1K posts



Net flows are showing once again that retail is trying to buy the dip while institutions keep selling into it. SPX is put dominated while SPY has a weak call dominated net flow. When you factor in the put heavy 0dte GEX is looks like we are setting up for a much larger pullback than just a single down day. It would not surprise me if we saw 698 on SPY before the end of the week.



Big news from Trump about 20 minutes ago (and ~90 minutes before the market reopens on Sunday night in Asia): The US will start Naval Escorts called "Operation Protect Freedom" tomorrow! As I noted in the repost below (from Friday), the US was "stuck" until the circumstances changed. It now seems they are about to change tomorrow! Some possible outcomes (hoping for #1 or #2, fearing #3 and #4) 1. US escorts ships out, Iran does nothing, this is over 2. US escorts ships out, Iran fires on ships that the US can repel, this is over 3. US escorts ships out, Iran fires on ships and hits them, or they hit a mine. The image of burning ships is a disaster for the Navy and the US, especially if it's a US warship. 4. The US keeps threatening to do this, but the Navy never actually does it (akin to them not firing on the 40 or so fast boats in the Strait today when Trump said they would a several days ago). The US can be criticized for talking a big game with little action.














