Every time the VVIX correlation coefficient crosses -.30, there's a big reaction. Let's see if it happens again pic.twitter.com/5IuSJEIKkC
— Invisible Fist (@matrbk) February 20, 2021
Everyone is NOT long Equities (cont.):
Futures traders have cut exposure aggressively – even as $SPX holds near the highs.
The 2-week positioning change is the most negative in history – previously only seen at bottoms.
Futures traders now hold a total of ZERO Stock exposure. pic.twitter.com/nYbweLCtyO
— Macro Charts (@MacroCharts) February 20, 2021
Weekly call options contracts (pink) bought to open saw a sharp decline this week, but still hold a long term trend higher.
Puts remain of little interest. pic.twitter.com/T31RDR1O0Q
— spotgamma (@spotgamma) February 20, 2021
This chart is just amazing. pic.twitter.com/mLcWQhm5jb
— Helene Meisler (@hmeisler) February 20, 2021