By: Tom Gentile
on April 13th, 2022
What a Ride in the Markets Today
Here is an intraday chart on the SPY today. It gapped down on the open yet stayed pretty flat up until the recent Fed minutes were released then it was strap on the seatbelt for the roller coaster ride the rest of the day.
I seriously had that funk song in my head from the Ohio Players – Love Rollercoaster, but I didn’t sense too much love for the markets with the volatility going on.
We are coming up on earnings season so I don’t sense volatility will settle down and with elevated IV due to earnings I would look at selling options strategies.