Brent Kochuba of SpotGamma (@spotgamma) joins Jermal Chandler and Mike Butler on a sharply bullish Monday and calls the payoff of the view he laid out last week: with the market refusing to fall on higher oil and rates, the first good news is releasing volatility to the upside. He points to something unusual, both the Nasdaq and the S&P now moving more on up days than down days, and frames the reflexive chase as the pieces come together after Friday's big expiration.
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Chapters
00:00 Brent joins on a bullish Monday
00:13 Vol releasing to the upside
00:46 Cheap tech vol off the highs
01:19 Why Bitcoin broke out anyway
02:05 Buy the option because it is cheap
02:47 Bitcoin and gold going separate ways
03:28 Expressing upside with fixed risk
04:05 The...