Hello!
IV is in single digits and zero DTE expected moves are under a half percent to end 2023 and begin 2024. Market makers have already begun pricing in the 3 day weekend with Tuesday’s vol under 10. Next week sees the jobs number on Friday and then will IV open up after January expiry? January is seasonally low IV but much of that is a hangover from the slow December trading. What will Spring look like? And a look at TLT in 2023 and what could be ahead for 2024. Hope you enjoy and Happy New Year!
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