JPM Hedged Equity 3M Forecast

It has been awhile since my last post. I have been taking a hiatus the past 6 months and gradually getting back into form recently.

Continuing my last post in April

The markets have climbed the call wall before a decline to JHEQX’s long put at the end of Sept.

JHQDX is next up to expire at the end of Oct.

🥐's recent posts indicate that VOL is well supplied and the most likely direction is up into the end of the year.

That would suggest that the year closes out around SPX @ 4515

21 Day moving average of DDOI GEX is still trending to the downside from 8.5 Billion gamma exposure down to under 2B.

The last time under 2B on the moving average was at the end of March, just before the summer long Bull rally.

However, due to recent global tensions in the Middle East and a surge in oil prices I wouldn’t count out a Bearish end to the year either.