Do you believe in the Trump trades? Vertical calls for 270 C for Jun 2025 Quarterly and 300 C DEC 2025 are looking attractive. Regardless if shorter end rates go down, recognize that tariffs fueled by Trump will make anything America First go up which means- US small caps!
Spot divergence on spot RUT vs 3x TNA ETF postures risk on. Long above 51.23, target 71~. Anticipate a spring pullback 48-51 and then melt back up to 93.
