I believe you are spot on here and I am likely to buy a broken wing butterfly on the SPX in the put end of the spectrum, pinned on a downside multiday VWAP ledge.
The probability that the market will sell off than rally later in the week, appears higher when one puts a bit of thought to it, just as you have. Yet it feels that not that many people are currently paying that much attention.
I believe you are spot on here and I am likely to buy a broken wing butterfly on the SPX in the put end of the spectrum, pinned on a downside multiday VWAP ledge.
The probability that the market will sell off than rally later in the week, appears higher when one puts a bit of thought to it, just as you have. Yet it feels that not that many people are currently paying that much attention.