Iran: once again Monday morning shows an overnight futures reversal on signal of negotiations.

🛢️ Oil prices back off overnight highs yet still, show risk of upside break.

📈 TSLA firm. No change from 8pm briefing

Apr 380C or May 390C – L3 – which risks less than last weeks profits.

📈 UPS no changes

📈 VIX sits at 30, easing slightly

Looking at prior VIX peaks, the Tariffs peak was 60. We continue to hold well below and we can see the tape turns on any positive signals. Geopolitical headlines have a way of dissipating into earnings season.