Sonny

PENGU update

It's important to really push our winners so I will look to add to PENGU for the final time next week

I think this is going to have an insane move in August as the market reaches peak euphoria!

VIX breaking below RSI support with daily BB volatility squeeze!

What I'm looking for to start building my blended hedge strategy:

- VIX gap fills 13 + 14 and starts bottoming around 12

- VVIX/VIX hits 6.92

- put/call ratio pushes down below 0.5

If all these triggers hit, it almost certainly indicates a top in the market. This will also be our cue to start exiting crypto positions in anticipation for the August correction and the beginning of the yen/peso carry trade unwind

Let me know if you have any questions!