Seemingly Quiet Market

Sideways for the index, but growing divergence on an individual stock level

In this new bi-weekly video update (or discussion as we’d like to call it), we shed light on today’s seemingly quiet market environment, as short-term and longer-term implied/expected volatility stay fairly elevated, but with VIX futures in contango. Hence, there’s no reason to believe today’s price action is any indication of risk-off.

Meanwhile, our portfolio performance since starting the Substack has been consistent and puts us in a favorable position should implied volatility pick up.

Let’s discuss all of this and our portfolio positions in today’s video update. The transcript and slides can be downloaded below, including the portfolio sheet.