Meta Strategy Derivatives Portfolio – Probability Map Update.

— May 10 Update: Position Alert —

Data Deterioration

The anticipated vol-crush rally around last week’s FOMC meeting came out of the gate strong, but failed to see any follow-through.

While we may still be looking at a potential double bottom, this was not the productive price action I would have liked to see.

An increasingly bleak picture is painted by current market studies, as well as the systematic warning signals in my market model, and I see a rising chance of an unravel into May OpEx once the S&P closes below 4100.