Implied volatility has fallen off a cliff:

The average S&P 500 tech stock's implied earnings-day move is just 4.7% for Q2 2025, the lowest in 19 years.

In other words, options investors are pricing very little volatility for tech earnings.

By comparison, in Q1 2025, the implied one-day move was ~7.0%.

Expectations have been elevated and uncertainty is being priced-out.

We have a big earnings season ahead of us.

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When you remember spending $1,230,172,839 on 2 pizzas 12 years ago

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CHANGED MY MIND

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Richer men tend to have OLDER wives

(Smaller age gap between rich husband and wife)

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Richer men more likely to have stay-at-home wives

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Rich men’s wives are far more likely to be pursuing advanced degrees and have no real job

— Yes, if given the option, women do overwhelmingly prefer to do perpetual schooling, instead of getting any real job, perpetual childhood

Given a rich man or government or whatever, to sponsor this lifestyle, many are extremely inclined toward perpetual schooling

Is what it is

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“As we have seen here, the stereotype that most men are “turned off” by ambitious women is likely completely wrong”

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BREAKING - UK sanctions 135 oil tankers of Russian shadow fleet: govt

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JUST IN: SEC Chair Paul Atkins says $ETH "is not a security."

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ALERT: Poland has discovered the largest oil and gas field in its history near the German border, containing an estimated 33 million tons of oil and 27 billion cubic meters of natural gas

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JUST IN: SEC Chair Paul Atkins says crypto stablecoins will "help to lower costs and lower risks in the market."

"We can now move to an instantaneous, almost settlement payment versus delivery for securities, thanks to on-chain stablecoins."

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🚨 $SOL continues to pump

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Forward PEs

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JUST IN - OpenAI and UK government sign new "strategic partnership" to "turbocharge the UK’s AI infrastructure and transform public services."

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