OptionScalps

$SPX Today’s regime is still fade the pop; short term volatility exist. We saw a noticeable change to Nov contracts on $VIX overnight which can be seen as a bullish signal. Markets are forward thinking, don’t be surprised to see this bought up over 6600 today. Avoid 0dte!

🚨🚨🚨 Iranian strikes have cut about 17% of Doha’s liquefied natural gas (LNG) export capacity. The disruption could result in an estimated $20 billion in lost annual revenue and threaten supplies to Europe and Asia. The CEO of the state-owned energy company, who is also Qatar’s minister of state for energy affairs, told Reuters that damage to two LNG trains and one of its two gas-to-liquids facilities will sideline roughly 12.8 million tons per year of output for three to five years.

$SPX definitely expanded hedging into 6500; if we lose 6600 I think you can bank on it visiting $VIX implied low. Otherwise play the range, avoid 0dte our entire range today is in the full complex weakness zone.