3/25/25 Recap

The SPY is back over the 200 day, it is also back over the 21 ema for the first time since this whole selloff began in late February. This is very encouraging, but something just doesn’t feel right today with the market up and VIX futures up almost 1% too. There is clearly still some fear about a potential sell before the April 2nd tariff date. I would say if you’re happy with some of the gains you’ve made these last 2 sessions, lighten up before April 2nd because the honest answer is nobody knows what Trump is or isn’t going to do by then. For the moment though, buyers are stepping up and taking our market above some key levels. Like I said in sunday’s best idea post, we were in the midst of a fairly normal 10% pullback, nothing egregious and the market has been waiting for clarity on the tariff situation that is all.

Recent Trades

COIN - In friday’s recap I flagged these Coinbase call spreads expiring this week the name is up almost $30 since to 206.xx and these call spreads are up a few hundred percent in 2 sessions. Very nice bounce off the 100 week.

My Open Book