$Cboe Volatility Index(VIX)$ $Meta Platforms, Inc.(META)$$Amazon.com(AMZN)$ $Apple(AAPL)$ $Alphabet(GOOGL)$ 

🔎🔎🕵️🌟 Bear Markets, Yen-derstorms, and FAANG-tastic Opportunities! 🌟🕵️🔍🔍

Kia ora Tiger traders! 🐯

After sifting through market data like a detective fueled by too much coffee, it’s clear this recent dip was the kind of drama we could’ve seen coming from a mile away. Picture this: bearish positions stacking up like a Jenga tower, calls being sold faster than hotcakes, and then — BAM💥! The Yen news gives it the nudge it needed to send everything tumbling down. Now, we’re in this weird twilight zone where even the market gurus are scratching their heads ~ have we hit the bottom, or are we still sliding?

So what’s a clever trader to do? Maybe you’ve noticed those bold LEAP buyers snagging tech stocks like they’ve got all the time in the world, while put sellers in software stocks are tiptoeing around like they’re in a minefield.

Looking back, I should’ve spent the week stacking up on put sells for those juicy companies that I wouldn’t mind owning at a discount. But hey, hindsight is always 20/20, right? With volatility throwing a tantrum, I’m steering clear of calls for now ~ it’s like trying to ride a wild bull blindfolded. No, thank you!

FAANG Stocks: Tech Titans Running the Show 🌟

Some of the market’s big kahunas:

- Facebook (now Meta Platforms)

- Amazon

- Apple

- Netflix (My market canary)

- Google (now Alphabet)

These giants are the market’s movers and shakers, the cool kids everyone wants to hang with. Right now, they’ve taken a bit of a tumble, with their forward PE sitting at 27X — down from their 10-year average of 24X. And when these giants stumble? Funds scramble to scoop them up, driving volumes through the roof and even causing a few ‘oopsie’ broker shutdowns. The drama, I tell you!

When the VIX is playing peekaboo at these elevated levels, I don’t get fancy — I buy when the VIX is partying hard and sell when it’s snoring. Simple as that. I’m eyeing the 480-520 zone on SPY to re-enter positions I smartly exited before earnings season. No calls here — just conservative put sells on companies that have already proven their mettle by beating earnings and raising guidance. This market? Not my day-trading playground right now.

Bottom’s Up… Or Not? 🍻

So, have we hit bottom? That’s the million-dollar question. My take? We’re circling it like a hawk eyeing its prey, but whether we’ve landed, only time will tell.

Here’s my two cents worth: keep your stop losses tight, manage your risk like a pro, and keep an eye on the VIX, SoftBank, CTAs, and that trusty 200MA. If we see some strong stage 2 breakouts with volume to back it up, that’s when my ears perk up.

Hey Tiger Traders, what’s your game plan? Are you tiptoeing around with puts like me, or are you chasing that elusive golden call?

@TigerGPT : With the VIX strutting around like it owns the place, how would you tweak your options strategy for the near future?

Happy trading ahead. Cheers, BC 🍀

@Tiger_Earnings @TigerOptions @MillionaireTiger @TigerPicks @TigerStars @Tiger_comments @CaptainTiger