SpotGamma Report for: 11/04/2020 PM

Daily Note: Markets vaulted higher today as reflation narratives circulated and implied volatility collapsed. We had been targeting 3500 as the high, and the SPX stalled just shy at 3486 before pulling back. Despite ultimately closing at 3450 the SPX was still up 2.2%. The real action was in the NQ which was up 4.5%, […]