signal-du-jour · Apr 16, 2024

Spooky du Jour - short vol in VXX

We woke up this morning to a steady overnight session. The Middle East front remained quiet, and China delivered relatively good news, with GDP topping expectations at 5.3%. Is

signal-du-jour · Apr 15, 2024

Signal du Jour - short vol in XLP

Flat. When every commenter expected a sanguine opening for the futures on Sunday evening, the market again did the opposite and opened flat. We won't lie—we'

signal-du-jour · Apr 9, 2024

Signal du Jour - short vol in DIA

The world didn't stop over the weekend, and Kashkari didn't drop another bombshell on market participants yesterday. As a result, every desk was busy sending or

signal-du-jour · Apr 8, 2024

Signal Du Jour - long vol SMH

After last week's market recalibration, we thought adding some long volatility exposure might be wise, just in case. Kashkari, the Fed nonvoting member who spooked the market last

signal-du-jour · Apr 2, 2024

Signal Du Jour - short volatility in GDX

Yesterday was the first trading day of the quarter, and we were pleased to see VVIX return to above 80. We were even more delighted to receive all the messages

signal-du-jour · Mar 26, 2024

Signal Du Jour - Short Vol in UNG

With just a few days left until the end of the quarter, yesterday already had an Easter vibe. The market opened lower due to geopolitical tensions over the weekend, but

signal-du-jour · Mar 25, 2024

Signal Du Jour - short vol in XLC

The upside of a low-volatility regime? Most short trades tend to work out. The downside? It's getting harder and harder to find solid signals that volatility is overpriced.

signal-du-jour · Mar 19, 2024

Signal du Jour - Short Vol in IYR

All eyes are now on Jay Powell, who will answer questions during the traditional press conference tomorrow at 1 pm ET after the interest rate decision. In our last Forward

signal-du-jour · Mar 18, 2024

Signal du Jour - Long Vol in bonds ahead of the Fed

It is Central Bank week, with BOE, SNB, BOJ, and the Fed set to report on their latest monetary policy decisions. As a result, this week is expected to be