Options Spy: China stocks bullish, US stocks conservative ahead of FOMC meeting

The Dow Jones industrial average closed in the red for an 11th straight session, its longest winning streak since February 2017, kicking off a busy week ahead of an important earnings week and super Central bank week.

Energy stocks led the rally as oil prices rose to April highs on stronger-than-expected earnings from Chevron and bets on tighter market conditions due to OPEC production cuts.

KeyCorp and other regional banks have recently released financial results showing stable deposits, boosting market sentiment, and regional banks are currently in rebound mode.

The Fed's rate decision on Wednesday will be followed by the European Central Bank and the Bank of Japan. In particular, markets will be paying attention to what Fed Chair Power and European Central Bank President Christine Lagarde say about the future of the economy, inflation and monetary policy.

More than 170 S&P companies will report results this week, including the three biggest players in the AI market, Microsoft, Meta and Alphabet. Semiconductor stocks will also be in focus, with semiconductor bellwether Texas Instruments due to report earnings on Tuesday.

China concept shares rose collectively on Monday, NIO shares rose 10.87%, options show a strong short-term bullish:

sell $NIO 20230915 10.0 PUT$

sell $NIO 20230728 10.5 PUT$

buy $NIO 20230728 11.5 CALL$

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Option buyer open position (Single leg)

Highlight order:

$TSM 20231117 90.0 CALL$

$NVDA 20230811 445.0 CALL$

$AMD 20230901 90.0 PUT$

$F 20230818 14.5 PUT$

Note: This image data is from Tiger PC. This screening is a significant buy open position for options contracts in the market. The purchase of a call option means that the trader believes that the underlying has upward momentum, and the purchase of a put option means that the trader believes that the underlying has downward momentum. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.

Option seller open position (Single leg)

Highlight order:

$WDC 20230915 40.0 CALL$

$SE 20230901 45.0 PUT$

$PFE 20230825 40.0 CALL$

Note: This image data is from Tiger PC. This screen is a significant sell open position for an option contract in the market. A sell of a call option means that the trader believes that the underlying trend has peaked, and a sell of a put option means that the trader believes that the underlying trend has bottomed. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.

Options portfolio open position

Note: This image data is from Tiger PC. This screening is a significant portfolio of options contracts in the market. Portfolio opening includes a variety of underlying trends, requiring traders to further master the basic knowledge of options for analysis and judgment.