The market feels like its changing up a bit right now. I can’t exactly tell what the new regime will look like but I think by the end of the week I’ll have a better idea. Lots of things happening at the moment from the NVDA/AI presentations to the crypto pull back along with the FOMC this week so option premiums are high all around. What I do know is that I will be watching more and doing less until I have a great read on something. 

A few names like TSLA are having relief rallies which is good, especially into FOMC. If they squeeze out and then the market starts to get weak, then those will be go to names for puts possibly. However, if the fed says they aren’t worried about the path they are on with cuts, and bond yields go lower then I would expect things like TSLA and IWM (small cap index) to move higher. Plan for both outcomes. Watch 2 year note YIELDS for clues on what the fed is telling markets. Higher yields = hawkish, lower yields = dovish.