Equally Fine Arguments on Both Sides
To buy or not to buy
We must admit, our confusion is running at close to all-time-highs. This is one of the absolute craziest markets we have ever experienced with so many mixed signals. And we are on a knife's edge all the time as the negative gamma and low liquidity could make any reversal brutal. The base-case scenario that we are looking to capitalize on is a 5% brutal bounce, but it is far from unclear. Let's try to make some sense of all the latest data-points.