Hello!
Today’s Orbit is a short one. We look at the market reaction to the latest inflation data and 0DTE levels for the rest of the day. The expected move was about 0.5% coming in. Is about 0.3% now. $SPX expected move levels around 5110 and 5160 but contracting a bit now. We look at condors and credit spreads at the expected move levels as well as a bit wider at the 15 delta levels. Hope you enjoy!
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