SPDR S&P 500 (SPY): I agree (equities: one last violent move...

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Re: GuTA post# 321031

Sunday, 07/12/2020 3:23:13 PM

Sunday, July 12, 2020 3:23:13 PM

I agree (equities: one last violent move) and have said so since April or May. Part of it is that the big players (da boys) like their big long options bets very, very cheap, and puts have not gotten there yet.

Remember what the SPX was before the black swan event in February and how puts could be had for a few pennies.

I posted a potential 3580 projection all the way back when too.

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