Ahead of important AAPL (Apple) earnings and the FOMC we wanted to review the market over the past week. We have spent a lot of time drawing an analogy between todays market and that of January ’18 (see here). Interestingly the Jan ’18 market topped the same day as the current market. Currently gamma is […]
january 2018
Trying to Call Tops
EDIT 1/28/20 : Here is an updated chart tracking this scenario. Jan 2018/Jan 2020 SPX Analogy by SpotGammaModel on TradingView.com Original Post: 1/24/20 With major moves higher over the last several months/weeks/days into January one can’t help but draw comparisons to January of 2018. We wrote an in depth review of Jan ’18 here and […]
The January 2018 Market Analogy
We’ve been seeing extreme call/put measures the past several weeks and these extreme measures only give way to more extreme measures. Nomura & JPM noted how heavy call positioning is relative to puts recently. There is also anecdotal evidence like this chart below, where Macrohedged notes: ” We cannot recall EVER seeing max OI for […]
