A news item

#news item
The so-called Skew has touched a record. Should stock-market investors be anxious?
A popular options-market gauge of so-called black swan, or difficult to predict, events is drawing the attention of some bears on Wall Street as it trades at record levels.
The CBOE Skew Index , or simply Skew, which measures the relative cost of purchasing out-of-the money put options on the S&P 500 index , finished at a record of 153.34 on March 17 , and maintained that level on Monday. Put options confer the right, but not necessarily an obligation, to sell an asset at a specific price and time, while calls give the owner the right to buy an underlying asset (see chart below of the S&P 500 compared with Skew levels):
Skew essentially offers a way to gauge relative demand from investors interested in purchasing insurance–or hedging their equity exposures–against a possible downturn in the broader stock market. Put another way, Skew tracks bearish options bets on the S&P compared with bullish wagers of similar duration, and by some interpretations, investors are now aggressively betting that risks are growing.

Night Trading

#futures

YM evening session

17:10 Entered long YM at 860, just after session opened, at the main PP
20:55 Exit trade at 900, at the R1 PP

gain +40 points

ym-eve

Expired

#spxcampaign
$SPX 2295/2320 BUPS

SPX Campaign Earnings ($NKE)

Away from the machines all day. These were triggered.

#spxcampaign
$SPX STO 3/27 2320/2345 BUPS @ 1.65

#shortputs #earnings
$NKE STO 4/21 55put @ .59

Happy Spring! Where is the floral wallpaper? ;-}

$UVXY Sold April 07th 23…

$UVXY Sold April 07th 23 Calls @ 0.36 and then 0.38. Replacing the March 24th 27 Calls. I think I accidently double sold the position adding the option to my watch list. Had two fills back to back. Still haven’t figured that one out. Will close the double order tomorrow.

SPX Chart and VIX Indicator…

SPX Chart and VIX Indicator have been updated

SPX call spreads sold

#SPXcampaign
Sold to Open $SPX April 3rd 2350/2375 call spreads for 17.10, as an #ITM roll from speed closed earlier
Sold to Open SPX March 24th 2385/2410 call spreads for 3.50, to make up the debit in the roll.