Options Spy |IBM faces breakout resistance, institutional sell Call option orders

The stock market extended its November rally despite continued eagle feeding from Fed officials, economic data brought good news on cooling inflation, TGT department store surged on solid earnings, and Nvidia held back 10 straight gains after Microsoft introduced its own artificial intelligence chip.

On the data front, the U.S. producer price index (PPI) fell 0.5 percent in October, the biggest monthly decline since April 2020, with the sharp slowdown largely reflecting lower gasoline prices.

On the same day, U.S. retail sales fell 0.1 percent in October, less than the 0.3 percent drop expected by the market, indicating slowing demand. Wednesday's data underscored that inflation is moderating, cementing investor expectations that the rate-hike cycle may be over.

On the political and economic front, as markets cheered that the Fed might not raise rates further, San Francisco Fed President Mary Daly warned in an interview on Wednesday against prematurely ending the rate-hiking cycle. Given the uncertainty over whether the central bank is doing enough to bring inflation back to its 2 percent target, she refused to rule out another rate hike.

Investors were also focused on the risk of a government shutdown after the U.S. House of Representatives on Tuesday approved a two-stage "continuation appropriations" (CR) stopgap funding bill that was sent to the Senate and endorsed by leaders of both parties.

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FANNG option active

$Tesla Motors(TSLA)$ Buy PUT option $TSLA 20231117 242.5 PUT$

$NVIDIA Corp(NVDA)$ Buy PUT Option $NVDA 20231117 545.0 PUT$

Option buyer open position (Single leg)

Buy TOP T/O:

$JNJ 20231117 165.0 PUT$ $KO 20231117 60.0 PUT$

Buy TOP Vol:

$VALE 20240119 18.0 CALL$ $M 20231117 14.0 CALL$

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)

Sell TOP T/O:

$JNJ 20231117 160.0 PUT$ $KO 20231117 65.0 PUT$

Sell TOP Vol:

$IBM 20240119 160.0 CALL$ $BMBL 20231229 12.0 PUT$

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.