Heavy macro week folks, and for anyone trading short-dated expiries or high-gamma positions, it’s pretty much a minefield. Chances are, we get to see some significant IV expansion followed by the inevitable crush once the numbers are out.
**What I’m watching specifically:**
* **IV Pricing:** Are the straddles overpricing the move, or is the market underestimating the CPI print?
* **Correlation Risk:** In weeks like this, everything tends to move together. A diversified portfolio of tech and industrials can suddenly feel like one giant, high-beta position.
* **Delta/Gamma Swings:** How fast will your hedges need to be adjusted if we see a 2% move in either direction?
I’ve found that standard broker risk profile tools are a bit too clunky/slow when I'm trying to see how a quick repricing affects my *entire* portfolio at once rather than just individual legs.
**How are you guys staying aware of your total risk before these events hit?** Manual spreadsheets are the usual, but is there a better way to visualize it across your whole account?