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Mike Wilson Says We're in the Final Innings, the Options Agree

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Breakdown

0:00lesson

Market correction and S&P performance

  • Stocks in correction since June
  • S&P up 11% this year
  • Market breath terrible
  • Final innings of correction
  • Two to three weeks of rough weeks
1:48lesson

Equal-weighted ETFs and market concentration

  • RSP is equal-weighted S&P 500 ETF
  • SPY is balanced, QQQ is top-heavy
  • Top-heavy tech stocks rising
  • RSP dropped 10% from August to October
  • SPY only dropped 10 points
3:52lesson

Dollar Spine SPX A50R and market diversity

  • Dollar Spine SPX A50R shows % of S&P 500 above 50-day MA
  • From 65% to 20% in August to October
  • Lower number indicates concentration risk
  • S&P 850R shows improvement in bottom stocks
  • Sector diversity improving
5:54S&P 500· ticker

S&P 500 options and 8,500 call

  • S&P June 2027 at 7670
  • 8,500 call trading for 12 grand
  • 25 delta, 50% probability of touch
  • 233 days to expiration
  • 8,500 is upper bound of implied move

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