MacroVoices #384 Darius Dale: Blow-Off Top Coming Before Bears Get Validated
Macro Voices
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The Volatility of the Options Chain
The skew in the options chain truly allows you to build some asymmetric payoff put spreads on the downside. I'm really curious to see as we progress deeper into the third quarter, whether or not the market ends up getting some sort of data point that actually makes everyone reprice risk again. The signal I've been waiting for is a daily close below 100 on the Dixie and while we don't have it quite yet, we're down three big handles this week alone. If this dollar weakening move continues, it could accelerate on a sustained move below 100. So it's time to wake up and pay attention.
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