signal-du-jour · May 20, 2024

Spooky du Jour - short vol in UVXY

We ended last week with the lowest VIX readings in over four years. Despite significant developments in the Middle East over the weekend—including the death of the Iranian president

signal-du-jour · May 14, 2024

Signal du jour - short vol in INDA

We will receive new PPI data in a few hours, and Jay Powell, the Fed chairman, will speak at the Annual General Meeting of the Foreign Bankers Association in Amsterdam.

signal-du-jour · May 13, 2024

Signal du Jour - short vol in XLC

Another quiet week should be ahead of us—unless inflation goes through the roof or Powell announces a rate hike. In other words, anything different from the same narrative we&

signal-du-jour · May 7, 2024

Signal du Jour - short vol in US equities

Yesterday's session saw the equity market slowly grinding closer to all-time highs while realized volatility descended to a more normal level observed in 2024. The VIX is still

signal-du-jour · May 6, 2024

Signal du Jour - short vol in EFA

Another Monday in the market, and after two dense weeks on the macroeconomic and earnings fronts, it will be interesting to see if realized volatility maintains the higher levels observed

signal-du-jour · Apr 30, 2024

Signal Du Jour - short vol in EEM

Yesterday's session in US equities was uneventful, and while we await the May FOMC meeting, there's a high chance that today will be fairly tame, too.

signal-du-jour · Apr 29, 2024

Signal du Jour - short vol in DIA

Wasn't it nice to have a weekend without worrying about retaliations between Iran and Israel? Everything was calm from a headline perspective, and judging by oil prices this

signal-du-jour · Apr 23, 2024

Signal du Jour - Long vol in EWT

The equity markets enjoyed a nice rebound yesterday, giving them a breather before the week's meaty part. The action starts tonight with Tesla's earnings results, followed

signal-du-jour · Apr 22, 2024

Signal du Jour - short vol in UNG

Today marks the 100th edition of Sharpe Two—no small feat, and we couldn't be prouder. A heartfelt thank you to our 725 subscribers and the unwavering support