$SPK is still breathing like a call-heavy market 🔥

Macro risk is ticking up, but the structure still looks firm because hedging demand is lifting VIX while dealers stay trapped managing upside exposure. The real inflection comes if fear flips the flow from buy calls to buy puts; until a true shock arrives, it’s hard for shorts to reclaim control without the market first cooling off on its own.

Not financial advice. Manage your risk and protect your capital.

#StockMarket #OptionsTrading #Volatility #Macro

🛡️

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