Category Archives: Daily Briefing

WTI surged past $111 after Trump’s Iran speech. USO call buyers from Feb 26 banked 221%. SPY trapped between $645 put wall and $660 call wall. VIX still at 88th percentile. The full UOA weekly recap.

The 2s10s yield curve is back above zero. Here’s why this post-FOMC steepening matters for equities, credit, and volatility—and what traders watch next.

XLU is up 7% YTD while the S&P 500 is down 9%. Vistra (VST) is flashing a contrarian options signal — 90th percentile put/call ratio that’s preceded +5.4% moves with 75% accuracy. AI electricity demand is turning utilities from defense into growth.

S&P 500 drops 8.7% from January peak, marking a fifth straight weekly loss. VIX term structure flat near 29 through August. PCE data and Iran tensions on deck. Quick recap plus what’s on my radar.

Bitcoin ETFs pulled in $1.53B in March, nearly reversing a 4-month outflow streak. Yet BTC sits at $66,742, down 47% from its peak. Funding rates flat, $14B in options expired, and liquidation clusters at $73-75K. Which side is right?

SMH surged 3.7% as chips led the market bounce. Options flow shows institutional call stacking at 410-417.50 with hedges at 400. Post-GTC NVDA positioning, SOX levels, and what to watch.

S&P 500 posts fourth straight weekly loss. Triple witching amplified Friday’s selloff. Quick recap of the week’s briefings plus what’s on the radar for next week.

Bitcoin stabilized around $70K after a 19% drawdown. Put/call ratios hit the highest since 2021, put premiums set all-time highs, and historically that’s been the buy signal. Crypto Saturday deep dive.

The Fed held rates but Powell’s hawkish tone sent the Dow down 769 points. VIX whipsawed, put/call ratios stayed elevated, and the options tape told one story all week: hedging, not chasing.

Today’s Chart of the Day: the VIX term structure. What a still-inverted front end says about hedging demand, rate-path risk, and what to watch next.