Unusual Options talks?(6.27) No Last day Option Anymore?

JacksNiffler
2023-06-28

Starting this week, due to some degree of market correction, there has been a significant decrease in the proportion of options with expiration dates in the large market orders. Previously, major tech companies such as $NVIDIA Corp(NVDA)$ $Tesla Motors(TSLA)$ $Microsoft(MSFT)$ $Apple(AAPL)$ experienced varying degrees of pullback (with different levels of volatility for each stock).

S&P 500 Map

However, on June 27th, they resumed their upward trend, indicating that the foundation of this bull market is still intact.

The next few days will likely determine the extent of this bull market. Expectations for a rate hike in July have already risen to over 75%, and the market will certainly take this into account. On June 27th, the majority of the unusual activity was focused on covered call options, but the range of affected categories expanded beyond the technology and meme stock sectors to include various other sectors. It appears that investors in different sectors are seeking some degree of risk mitigation.

Several notable stocks to mention include $Micron Technology(MU)$ $Schlumberger(SLB)$ $Carnival(CCL)$ $Cara Therapeutics(CARA)$ $XPO Logistics(XPO)$ $Morgan Stanley(MS)$ . In the banking sector, $U.S. Bancorp(USB)$ , and in the payment industry, $Visa(V)$ , experienced significant put option activity. This could be attributed to the anticipation of a rebound following the alleviation of pressure, as well as the potential performance improvement resulting from the interest rate hike.

In the second half of the year, the aviation industry is also expected to perform well, as indicated by the market's strong outlook. $United Continental(UAL)$ $Delta Air Lines(DAL)$ $American Airlines(AAL)$ have all witnessed large orders, which is relatively uncommon under normal circumstances.

How to pick strike prices for options?
Picking strike price that's aligned with your strategy is a critical component of one's options trading. When selecting a strike price, it is important to consider the current market conditions, the underlying asset's price movement, and your investment objectives. ---------------------- How do you pick strike prices? What tips or strategies do you use? Have you made any mistakes or learned any lessons from it? What were your most successful and unsuccessful experiences in picking strike prices?
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Comments

  • ChrisColeman
    2023-06-28
    ChrisColeman

    When will inflation peak and reverse? When will the job market collapse and we'll see a wage re-set? Just after the top of the parabola.

  • squishx
    2023-06-28
    squishx

    Market volatility is just a rollercoaster ride, my friend. Hang on tight and enjoy the thrills!

  • chizzoo
    2023-06-28
    chizzoo

    The big tech giants got pulled back, but don't worry, we'll bounce back like Tigger

  • breezzi
    2023-06-28
    breezzi

    Looks like the market correction put a damper on our options talk. Time for some deep breath

  • bubblyo
    2023-06-28
    bubblyo

    Oh no, no more last day options? 😱 What are we gonna do without that adrenaline rush?!

  • zookz
    2023-06-28
    zookz

    Who needs options when you've got the S&P 500 map? Let's go on a wild adventure

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