Extreme Fear. Is This A Bottom? Charting The Virus With Options Data

[Matt_ORATS]

Previously, the SPY volatility had not surpassed 2008 levels, yesterday it did with the IV as high as 85% before backing off. The other indicator that had not reached 2008 levels was the bid-ask width in IV points that did reach 2008 levels intraday before backing off. This is a sign of panic and capitulation and a sign of market bottoms. I think there could be a rally here but it feels like the worst is yet to come.

https://gyazo.com/ce78f6cd869a5a6e1aea7d80f93aa9a6

 

[ElCubano]

Ackman screaming on CNBC yesterday may have signaled the bottom. Similar to the Cramer rant in 08/09

 

[Cuddles]

i'd say wait 'til we flatten the covid curve

 

[nooby_mcnoob]

Ackman screaming on CNBC yesterday may have signaled the bottom. Similar to the Cramer rant in 08/09

HE HAS NO IDEA.

Fuck Cramer, fuck Ackman, fuck Will Meade.

 

[tsfx]

yes, selling has bottomed, no we get a asymmetric buying decline. Everyone's gonna try to pick the long term bottom so the market needs to ride that one out too. So, keep having those 1:3 risk reward stops out there to make the market below 2000

 

[Trader Curt]

How about this....
















NOBODY KNOWS!!!!

 

[notagain]

Massive bailouts coming.

 

[S2007S]

Massive bailouts coming.
View attachment 222504

Fuxk the bailouts, tired of these bailouts, they should know by now to preserve capital for emergencies but nope, always ignore the fact that great times do not last forever!!!!