The S&P has gone nowhere for five sessions and opened and closed on the exact same tick two days running. Tim Knight calls it complete complacency, a market that found equilibrium and stuck its thumb in its pockets. For anyone selling premium that is close to ideal.
The catch is that implied volatility is backloaded, cheap in the near cycles and steadily richer into December. Tim also covers the Nasdaq downtrend, bonds in year seven, the SpaceX ceiling, and the Meta gap he wants to short. Education, not a recommendation.
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Chapters
00:00 Five days of watching paint dry
01:09 Two dojis and complete complacency
01:43 Why this is paradise for option sellers
02:11 The Nasdaq downtrend into CPI
04:31 Volatility is backloaded into December
04:58 Bonds i...