11/05/2026
Strategy Idea...Micro ES Nibble
We have been skeptical of the stock market for quite some time. We also believe that if the highs aren't already in, they aren't much higher from here, and the next few years will see two-way volatility. We come to this conclusion by looking at the 2028 midterm cycle. That said, today's plunge leaves prices at the 200-day moving average going into a strong seasonal period. We think limited-risk nibbles are worth a shot. We like buying December Micro S&P call options. If support holds, we likely see a sharp rebound to the overnight highs, or even make a run toward 8000. Post-midterm rallies are high-probability events.
