View: 8 aug22.PNG

8 aug22.PNG

Skew (equivalent of the vix but showing far out of the money option premiums as opposed to at or near the money premiums for the vix ) isn't low but neither very high (contrary to pre brexit for example) 
That is not a good sign for extreme bears (that anticipate a big crash) except if that relatively high level comes from smart money/insiders 
But the situation for bears in general is way better than pre brexit (even if the NO created a short term crash that could have been profitable for sellers that wasn't a sustained and trending move and it was basically a coin flip) 
Today we have a skew that isn't overpriced even if not very low (but that also can be a good sign) and vix very low ( vix of vix also is very low) 
Can you see the difference? 
But we gonna need some reason (excuses) to fall... you know... we can't blame the fed or the economy if prices fall!

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