There is so much going on in the markets and the world that merit consideration and analysis that I can't possibly get it all done by the usual Weekend Update publication cut off of noon (Mountain time) Saturday. Accordingly, please allow me the indulgence of taking an extra day to get some meaningful content out to subscribers. We may even get a new trade out of it, something PRO subscribers were told about earlier today, but now I'm thinking maybe everyone should be onboard. See discussion under VIX chart below. In any case, look for this weekend's missive to be out by Sunday afternoon, in advance of a volatile and maybe historic Monday. Allan VIX So far our best trade of the year has been TSLA calls on May 5th for 800-1100% unrealized gains at their most profitable print. The Nov 15th $20 VIX call has the makings of a spoiler for that crown, but the implications of such a move (see VIX Fib projection on right axis) do not bode well for the financial markets, or for that matter, the world, with the possible exception of one sector. More this weekend.
