Ithaca Protocol
@ithacaprotocol
📈Ithaca Protocol Market Update ► Tariffs on the way in the next few hours + escalation + imminent escalation on the escalation by China ► Korea / Japan following the Trump playbook ► There are no cheap hedges left, call spreads / put spreads the way; check @ithacaprotocol AI agents ► Will retail’s BTFD mentality get shaken / broken? That would be dangerous ( it happened in crypto already and everyone can witness the aftermath ) ► Top of SPX book liquidity lowest ever ( ~2m) (!), while volumes hit all time highs ( in shares traded no less ), explosive cocktail ( volatilities don’t mean the same when gamma harder to extract ) ► Interest in the unicorn; bearish steepening + dual binaries SPX down | Yields up ► Swap spreads explosive widening; major risk off canary, albeit not with similar properties as pre-2008
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Ithaca Protocol
@ithacaprotocol
â–º All signals say bottom is in; that would be too cute. Here you add, not take out risk, but maintain ammunition and cut leverage ( if not done so already; US fundamental L/ S leverage down the highest in 2 days since GS records began in 2016 )
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