I think the expected rate cut is a big tailwind for the small cap and even it it matches the Oct 2023 move, that is 27%, we still have at least another 15% move up and that move happened in 2 months, hence my Sep call spread.
I think the expected rate cut is a big tailwind for the small cap and even it it matches the Oct 2023 move, that is 27%, we still have at least another 15% move up and that move happened in 2 months, hence my Sep call spread.
