Liquidity is the excuse not to understand anything.

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https://twitter.com/Techs_Global/status/1266048279315451905

https://twitter.com/MacroTechnicals/status/1266049478076874753

You know what causes the biggest sell offs? Too many people long over priced call options. $vix is way too high to be buying upside calls on anything. risk reward is atrocious. even if you are directionally right, most will struggle to break even on the calls. Sp yes it’s a trap.

https://twitter.com/hks55/status/1266064478132744193

Carl Icahn lost $2 billion betting on Hertz

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