Equity Armor's Joe Tigay Has an Options Trade for Amazon

The video discusses recent market trends, highlighting significant selling pressure and the difficulty in finding buyers. It analyzes the VIX levels and the potential for a market reversal, noting the need for high-volume selling. The options market is explored, focusing on the skew index and trading strategies. The NASDAQ's performance is reviewed, considering economic factors and Fed policies. Finally, a bullish trade strategy on Amazon using a call butterfly is presented.

What factors contributed to the selling pressure observed in the market?

How does the skew index relate to the options market's expectations?

What is the significance of the NASDAQ's performance in the context of the current market?

What are the implications of the Fed's stance on global growth and inflation for the market?

What strategy is suggested for trading Amazon in the current market conditions?