Options on futures are option contracts whose underlying assets are futures contracts. Trading volume and open interest reveal how capital is positioned across different expiries and strike prices. They provide useful signals on market expectations, risk appetite and potential support or resistance zones, although they should not be interpreted as direct bullish or bearish signals. Today’s analysis covers changes in large options trades and open interest on November 3 relative to November 2. These are the latest available data in this report and provide a reference for assessing positioning and risk appetite. The latest futures options data show continued divergence across markets. Nasdaq 100 put open interest remained elevated, although call volume and new call positions led during the la

Weekly Report: Key Views Hello everyone, and welcome to another edition of our Macro Strategy Weekly. Each issue features market strategy insights from selected contributors with relevant professional expertise. We also track how their views perform each week. Here is a preview of this week’s key ideas: 1. Divided Government Could Restrict Policy Progress and Reduce Uncertainty Following the Republicans’ loss of their majorities in both chambers of Congress in the midterm elections, Trump will face greater constraints and more negotiation over policy during the following two years. This may reduce policy efficiency, although it could also limit the market impact of unexpected measures and create a more stable environment. 2. AI Investment Is Driving a Valuation Reset, With Limited Evidence

Our Nasdaq short position was filled near last week’s rebound high, shortly before the market fell sharply and formed a bearish engulfing pattern on the monthly chart. At this sensitive point in the fourth quarter, is the decline the beginning of a trend reversal or merely another interruption in the slow US equity bull market? $納指100ETF(QQQ)$ $納指三倍做多ETF(TQQQ)$ $納斯達克(.IXIC)$ $NQ100指數主連 2612(NQmain)$ $微型NQ100指數主連 2612(MNQmain)$ The bottom line is that the market may reboun

Yesterday, I shared the $E-mini Nasdaq 100 - main 2612(NQmain)$ chart highlighting major technical cracks across the tape. The sharp bearish reaction to Amazon’s earnings reinforced a high probability of holding Thursday night’s breakdown formation at the very least. Today’s selloff comes as no surprise: while the flush could have extended into next week, the directional bias was south following last night’s close. The broader short setup began taking shape on Tuesday after indecisive price action printed a series of lower highs that again, I posted in my daily note. While Wednesday traded relatively neutral, corporate earnings served as the downside catalyst after the bell, just as noted on Tuesday when highlighted that rate hike probabilitie

Last night, I hosted a futures livestream on Tiger Brokers covering changing trends in semiconductor stocks and US equity indexes, along with trading ideas for gold and silver. If you missed the live session, you can watch the course replay here >> 半導體股已見底還是跌勢剛開始？股指新一輪大行情正在醞釀 Next, I will categorize and summarize the course’s most important information and trading insights. This should help investors who did not have time to attend the class quickly understand my current market views. First, a brief personal introduction: My Professional Background Gu Mingzhe is a guest strategy instructor for CME, an instructor for the Singa

Hello everyone! Today we will review the latest technical developments in the Nasdaq, Hang Seng Index, Singapore Straits Times Index, WTI crude oil, gold and silver. Market performance remains divergent, with rebound attempts and downside pressure occurring at the same time. We will combine fundamentals with technical structures to identify key support, resistance and the conditions required to confirm the next move. Nasdaq: Bearish Structure Persists; Watch Key Support Below 美光科技(MU)$ $英伟达(NVDA)$ $亚马逊(AMZN)$ $特斯拉(TSLA)$

Options on futures are option contracts whose underlying assets are futures contracts. Trading volume and open interest reveal how capital is positioned across different expiries and strike prices. They provide useful signals on market expectations, risk appetite and potential support or resistance zones, although they should not be interpreted as direct bullish or bearish signals. Today’s analysis covers changes in large options trades and open interest on October 28 relative to October 27. These are the latest available data in this report and provide a reference for assessing positioning and risk appetite. The latest futures options data show continued divergence across markets. The S&P 500 saw a wider put-side advantage, with multiple near-term strikes adding positions and the 6,20

Long Term Rates Fell This Week, Easing Discount Rate Pressure on Asset Valuations, While Fund Flows and Commodity Performance Remained Divergent.The 10 Year US Treasury Yield Declined to 4.99%, and the 10Y Minus 3M Spread Narrowed to 77 Basis Points as the Short End Remained Firm. Latest ETF Data Show That Overall Inflows Slowed. Equity ETF Inflows Were Broadly Flat, With a Larger Share Going to Overseas Equities, While Bond ETF Inflows Nearly Halved. Meanwhile, Crude Oil and Copper Edged Higher, but Gold Continued to Weaken, Indicating That Lower Rates Have Yet to Produce a Broad Commodity Rally. The Durability of the Price Recovery Will Depend on Regional Inventory Trends in Oil and Copper and the Pace of Long Liquidation in Gold. As of the US market close on October 27, 2026, the weekly

Weekly Report: Key Views Hello everyone, and welcome to another edition of our Macro Strategy Weekly. Each issue features market strategy insights from selected contributors with relevant professional expertise. We also track how their views perform each week. Here is a preview of this week’s key ideas: Markets Turn Defensive as Volatility May Persist Through Next Year’s First Quarter  Under the US dollar cycle model, market volatility could continue through the first quarter of next year. Safe haven, arbitrage and options strategies should therefore take priority. If US equities break below key trendlines, investors should focus on risk control. Gold is unlikely to regain bullish momentum before reclaiming its 20 day moving average. A confirmed break below $4,000 could open

Despite greater stability in the bond market last week, key market bellwethers such as Bitcoin and gold showed signs of downside breakdowns. US equities also reversed sharply from their highs on the weekly chart. With oil approaching its previous peak and a critical market window drawing closer, investors should remain alert to the risk of a major correction. Markets also faced pressure two weeks ago, although the weakness was not yet broad based. Conditions have since changed as Bitcoin and Ethereum failed to sustain their rallies, while gold extended its decline and broke below $4,000. Risk assets now face renewed pressure from a potential broad based selloff. $比特币(BTC.USD.HKCC)$ 

This technical review begins with CoreWeave (CRWV), a stock currently in focus. We examine what its break below $60 means as credit risk is repriced, then identify key technical levels for the Nasdaq, gold, crude oil, and the Hang Seng Index. The key question is whether the rebound after the sharp selloff can repair the technical damage and whether major support levels can hold. Let’s start with CRWV. CoreWeave: Credit Risk Repricing Pushes Shares Below $60 $CoreWeave, Inc.(CRWV)$ $Tradr 2X Long CRWV Daily ETF(CWVX)$ $Leverage Shares 2X Long CRWV Daily ETF(CRWG)$ 

What Is CFTC Data, Why Does It Matter, and What Should Investors Watch?  The Commitments of Traders (COT) report, published weekly by the US Commodity Futures Trading Commission (CFTC), is a key gauge of fund flows in global futures markets. Its main value lies in revealing who is driving prices. Market movements ultimately reflect competition among different types of capital, and CFTC data allow these participants to be analyzed separately.   The analysis follows three main steps: Identify the dominant capital.   For commodity futures such as WTI crude oil, gold and silver, the focus is on Managed Money net positions, which gauge the directional bias of speculative capital. Producer positions reveal commercial hedging pressure and help assess positioning structure and marke

Weekly Report: Key Views Hello everyone, and welcome to another edition of our Macro Strategy Weekly. Each issue features market strategy insights from selected contributors with relevant professional expertise. We also track how these views perform each week. Here is a preview of this week’s key ideas: 1. Nvidia Straddle Closed for Profit; Lock In Option Gains Promptly: The previously discussed Nvidia straddle has been closed at a profit. Investors still holding the position should consider taking profits promptly. Profitable calls bought at lower levels should also be monetized into the rebound before lower implied volatility, time decay and weaker buying erode returns. 2. US Equity Selloff May Be Near Its End, Creating Conditions for a Rebound: Leveraged ETFs recorded a sharp