Everything The Positioning Shows About This Selloff

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The market is red, rate hike odds have jumped, and Brent Kochuba is refusing to short it. His reason is what the options are not doing. Nobody is buying puts, volatility is barely responding, and dealer positioning still points to buyers underneath rather than sellers.

He walks the gamma map day by day, shows how forward implied volatility reveals which events the market genuinely cares about and which it ignores, and explains why bonds have stopped working as the hedge. Protection has rarely been cheaper and almost nobody wants it. Education, not a recommendation.

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