• 🏆“I’ll be looking for any Monday pop at all to enter puts on.  Would like to see 365 as entry, though 363 might be all I can get.”
• SPY traded 357.67-364.21
• Sadly, I wasn’t able to enter until much later, was AFK until lunch - about an hour before that 4 point spike. 🤡Which it’s given up again in futures. 🤷‍♂️
• There was a bit more news than was expected today: Russia/Ukraine open to "peace" then an escalation, Jamie Dimon warning about recession ahead of his ER this week, Cathie Wood talking about deflationary risk (nonsense).
• Brainard made it clear (to anybody bothering to listen): “Brainard said the central bank has no intentions of a dovish pivot in the near-term, and will only ease its hawkish stance when it is convinced inflation is on the lam.

• SPY levels:  350, 355, 358, 363, 373
• Chart - Weekly: Bearish - Mon-Wed tried to reverse the trend, but it got clapped.  More down still to go…
• Chart - Daily: Bearish - more to go.
• Chart - 4h: Bearish - same, more to go - 355 maybe on to 350?

• DXY looks ready to print a new high.
• TNX looks ready to do the same.
• VIX is what provided the support today - it moved down.  (VIX down = market up)
• It won’t stay down headed into CPI though.  It’s about to get cray cray.
• I covered a lot about this weekin my Week Ahead - that remains unchanged - please be sure to read: https://stonks.chat/symbol/SPY/posts/272
• Only thing for Tuesday looks like UK Unemployment in premarket.  Otherwise some Fed speakers before lunch.
• REMINDER: Wednesday has quite a bit of data being released premarket — US PPI, UK GDP, ECB Lagarde speaking — so make sure you’re setup right by close on Tuesday.

• I’ve got a Nov 18 SPX put that I picked up around lunch - not the great timing, but was unavoidable and I’m green on it again.
• I’ve got a October 22 SPX call that I held overnight thinking they’re going to get the technicals back to flat ahead of CPI.  I might get toasted on that, we’ll see.   It was a random/last minute trade and out of my plan now that I think about it - so I deserve to get slapped.  Buying puts up to 365 was only thing in plan. 🤦‍♂️
• Not sure what I’ll do with the call, maybe I’ll wake up to a surprise.  Will look to cut it since it’s not what I fundamentally believe in right now.
• I might snap up some more puts if we get a pop over 360 to hold until Wednesday afternoon.  I see nothing but weakness heading into CPI.  I will NOT be in this position for CPI (Thursday), but a strangle only at the close on Wednesday.  I’ll re-enter after, if the data justifies it.