Quote from nitro:
I can't believe my eyes, but it is what it is:
Calbirated FV, 1142.19 !!!!! FV, 1286.63. The calibrated FV is backing out chance of recession from market (55%). This is a gargantuan move in FV over Friday.
I am exiting the options positions (SPY and VIX) put on at 1172 SPX at a loss. Exiting the ES at 1142.75 for a small win. Flat.