blinky
09-18

$Netflix(NFLX)$ Looks like a possible spinning bottom on $SPDR S&P 500 ETF Trust(SPY)$ , $Invesco QQQ(QQQ)$ , $Cboe Volatility Index(VIX)$ , and BTC.X, so we'll see what the next session brings.

Quad witching usually leans toward little movement while theta burns calls and puts, but when volatility does show up it can get wild — it just doesn't happen that often. I like the setup with the rate hike and especially the limited forward guidance the Fed gave, though I was surprised they didn't trim that outlook more. Even Trump touched on it in that tweet, though I know he was kidding about Powell. With the rate hike getting a few days to play out, and the VIX keeps waking up and going back to sleep, I like that too.

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