Replies to post #210661 on SPDR S&P 500 (SPY)

[imiloa]

SPY rallying strongly out of the gate this morning
after jobless claims reported slightly about consensus
(theoretically slightly bearish news)

i'm so tempted to short the sh!t out of this rally
but pavlovian conditioning has taught me to be cautious... ;-)

won't be holding anything SPY in either direction overnight
into the july jobs data tmrw morning.

if that data is strongly positive, maybe 220 by friday close?
if data disappoints, maybe 212 by friday close?

tmrw could be a very profitable day to scalp weekly exps...

[imiloa]

btw, specifically re: VIX caged,
my thought on the low VIX is that options traders are collectively assuming SPY will rally higher this month.
(VIX being 30-day put/call ratio)

question is: will VIX start creeping upward if the deep pockets get quiet intel that DB, etc, is about to crumble?