The issue is that $SPDR S&P 500 ETF (SPY.US)$ is a spread pr...
The issue is that
$SPDR S&P 500 ETF(SPY.US$ is a spread product of 10Y.
QQQ is a spread product to SPY and positively convex
$Tesla(TSLA.US$ is spread product of QQQ
The structure of 10Y note options is historically distorted
A normalized structure would need 10Y at 3.40%.
That destroys TSLA shorts fast.
$SPDR S&P 500 ETF(SPY.US$ is a spread product of 10Y.
QQQ is a spread product to SPY and positively convex
$Tesla(TSLA.US$ is spread product of QQQ
The structure of 10Y note options is historically distorted
A normalized structure would need 10Y at 3.40%.
That destroys TSLA shorts fast.
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