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2021-06-18
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2021-06-18
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2021-06-21
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Stahnk
2021-06-17
For the letters!
Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets
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2021-06-16
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2021-06-17
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2021-06-16
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ContextLogic gained as much as 10% a few minutes ago
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2021-06-18
Waiting
2 Things the Bears Might Have Missed About Wish
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2021-06-17
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href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>?","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>?","text":"$ContextLogic Inc.(WISH)$?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162938949","isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166148895,"gmtCreate":1623998849717,"gmtModify":1703826150276,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Waiting","listText":"Waiting","text":"Waiting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166148895","repostId":"1183646767","repostType":2,"repost":{"id":"1183646767","pubTimestamp":1623986771,"share":"https://www.laohu8.com/m/news/1183646767?lang=&edition=full","pubTime":"2021-06-18 11:26","market":"us","language":"en","title":"2 Things the Bears Might Have Missed About Wish","url":"https://stock-news.laohu8.com/highlight/detail?id=1183646767","media":"Motley Fool","summary":"While the e-commerce platform company might have lost its shine with investors of late, it is positioning itself for long-term growth.","content":"<p>For investors of discount e-commerce marketplace Wish, the past six months have been one heck of a bumpy ride. Following its mid-December IPO at $24 a share -- trading under the name of its parent company,<b>ContextLogic</b>(NASDAQ:WISH)-- the stock climbed to $33 a share in January. But since then, the price has plunged by 77%, hitting a low of $7.52 on June 7. It has pared those losses a bit in the past week, but it would still need to more than double in price just to get back to its debut price.</p>\n<p>So why did Wish fall? Bears are highlighting the company's decelerating revenue and user growth, coupled with itswidening net losses. They're alsocomparing Wish to other e-commerce playersthat are growing more quickly -- and in many cases, profitably. Wish also offered weak guidance for the current quarter, which hasn't helped matters.</p>\n<p>These are all legitimate concerns. But bears seem to be overly focused on short-term headwinds while failing to note two key factors that will shape the future of this e-commerce platform.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d636012e6b242f692e05403ee58e58b5\" tg-width=\"700\" tg-height=\"466\"><span>IMAGE SOURCE: GETTY IMAGES</span></p>\n<p><b>1. Wish has a track record of innovation and evolution</b></p>\n<p>Last year was a strong one for e-commerce players around the world. Pandemic lockdowns and social distancingaccelerated the adoptionof online retail among both merchants and consumers. As a result,<b>Amazon</b>,<b>Etsy</b>,<b>Shopify</b>, and <b>MercadoLibre</b> all had some of theirbest performances ever.</p>\n<p>Wish also had its best year yet -- its revenue andmonthly active usershit all-time highs. But its actual performance did not meet the standard set by its larger peers. For example, Wish's revenue rose by 34%, while Amazon'srose 38%. The former underperformed (even though was growing from a much smaller base) because it operates a cross-border e-commerce platform -- many of its merchants are based in China, while the bulk of its buyers are from Europe and the U.S. When the pandemic hit, international flights ground to a near-halt, which crippled cross-border delivery networks. As a result, merchants on Wish were either unable to deliver goods to customers, or forced to rely on slower shipping methods such as ocean freight. Customers responded by canceling orders and buying fewer items on the platform. If global supply chains had not been crimped, there's no doubt Wish would have delivered more growth in 2020.</p>\n<p>On the other hand, most e-commerce players -- including Amazon -- are primarily local platforms. Both the sellers and the buyers are largely in the same country or region. In 2020, local logistics networks were largely able to operate effectively despite international border closures and disruptions to overseas supply chains. This allowed online shopping to surge throughout the pandemic.</p>\n<p>During that trying time, Wish was not sitting on its hands. It doubled down on its proprietary logistic platform to provide merchants with cost-effective and reliable end-to-end, cross-border parcel deliveries. As a result, the average delivery time improved, and shipping related refunds rate fell by 43% in the first quarter of 2021. By adapting, Wish turned the crisis into an opportunity to strengthen its business model -- and revenue for Wish's logistics division surged by 275% in 2020.</p>\n<p>Such evolutions are nothing new for the company. Wish has been trying to innovate over the years to deal with real issues around customer service, product quality, and logistics, among other areas. For example, in 2019, Wishrolled out Wish Local, a partnership program with brick-and-mortar stores. Customers could order items via the e-commerce platform, and then pick them up at Wish Local's partner stores, a network of more than 50,000 merchants in 50 countries.</p>\n<p>Customers get secure shipping, and while the partner retailers can sell inventory on the Wish platform, gain added foot traffic, and earn extra revenue by serving as pickup spots. And for the company, Wish Local dramatically allowed it to expand its fulfillment network without expensive infrastructure investments, expand its product catalog, and improve convenience for customers.</p>\n<p>Some of Wish's problems aren't unusual in its business. Alibaba, the world's biggest e-commerce company by gross merchandise value, had to deal with a host of product quality issues and logistical problems in its early days.<b>Pinduoduo</b>, the up-and-coming disrupter in China's e-commerce market, has also had to deal withconcerns over fake and counterfeitlistings.</p>\n<p>Hence, while investors will need to keep an eye on Wish's short-term issues, they would be far better off thinking about what Wish could become. Its mission of bringing \"an affordable and entertaining mobile shopping experience to billions of consumers around the world\" serves as a good compass here. And given its strong execution capabilities, Wish is in a good position to sustain growth for years to come.</p>\n<p><b>2. Wish's future is in good hands</b></p>\n<p>Wish has a track record of innovation and evolution. But it will still require its management team to bring it to the next level. In that regard, I believe it can count on founder-CEO Piotr Szulczewski and new Executive Chairwoman Jacqueline Reses.</p>\n<p>A former senior software engineer at <b>Alphabet</b> subsidiary Google, Szulczewski built the technological foundation that powers Wish today. The company leverages data to drive almost all aspects of its operations -- including user acquisition, recommendation personalization, and logistics optimization. Its technology allows Wish to deliver a level of efficiency and productivity that outclasses some of the world's besttechnologycompanies. For perspective, Wish's revenue per employee was $2.9 million in 2020 -- nearly double <b>Facebook</b>'s revenue per employee.</p>\n<p>In addition to being responsible for much of Wish's success, Szulczewski has serious skin in the game -- his stake in the company is worth more than $1 billion. In other words, he'sheavily investedin making the company a success.</p>\n<p>Wish beefed up its leadership team with the addition of Reses. (Previously, Szulczewski held both chair and CEO roles.) Reses had been with <b>Square</b> from 2012 to 2020, where she served aschairwoman of Square Capitalfrom 2015 to 2020. Prior to that, she was chief development officer of Yahoo! and on the board of <b>Alibaba</b>. She also chairs the Economic Advisory Council of the Federal Reserve Bank of San Francisco. Wish stands to benefit immensely from her experience scaling global technology companies.</p>\n<p>With those two leading the way, Wish has what it needs to accelerate its growth.</p>\n<p><b>What's next for Wish</b></p>\n<p>Wish generated $2.5 billion in revenue last year. That's just a drop in the bucket compared to the global e-commerce market, which eMarketer expects to be worth $6.3 trillion by 2024.</p>\n<p>Wish hopes to become the online retailer of choice for value-conscious shoppers. To get there, Wish must expand its selection of products far beyond the often low-quality products it offers currently. It needs to grow, diversify and localize its merchant base, targeting local sellers in the U.S. and Europe for its partner network. The company also needs to drum up marketing efforts, improve its delivery infrastructure and expand Wish Local.</p>\n<p>The path to success won't be easy, as Wish faces competition from larger, more established players like Amazon and<b>eBay</b>. But Wish is hoping it can leverage its strengths -- such as its prowess in data science -- to outsmart its rivals. And with a potential customer base spanning over a billion households worldwide, Wish should remain busy for many years to come.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Things the Bears Might Have Missed About Wish</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Things the Bears Might Have Missed About Wish\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 11:26 GMT+8 <a href=https://www.fool.com/investing/2021/06/17/2-things-the-bears-might-have-missed-about-wish/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For investors of discount e-commerce marketplace Wish, the past six months have been one heck of a bumpy ride. Following its mid-December IPO at $24 a share -- trading under the name of its parent ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/17/2-things-the-bears-might-have-missed-about-wish/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/06/17/2-things-the-bears-might-have-missed-about-wish/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183646767","content_text":"For investors of discount e-commerce marketplace Wish, the past six months have been one heck of a bumpy ride. Following its mid-December IPO at $24 a share -- trading under the name of its parent company,ContextLogic(NASDAQ:WISH)-- the stock climbed to $33 a share in January. But since then, the price has plunged by 77%, hitting a low of $7.52 on June 7. It has pared those losses a bit in the past week, but it would still need to more than double in price just to get back to its debut price.\nSo why did Wish fall? Bears are highlighting the company's decelerating revenue and user growth, coupled with itswidening net losses. They're alsocomparing Wish to other e-commerce playersthat are growing more quickly -- and in many cases, profitably. Wish also offered weak guidance for the current quarter, which hasn't helped matters.\nThese are all legitimate concerns. But bears seem to be overly focused on short-term headwinds while failing to note two key factors that will shape the future of this e-commerce platform.\nIMAGE SOURCE: GETTY IMAGES\n1. Wish has a track record of innovation and evolution\nLast year was a strong one for e-commerce players around the world. Pandemic lockdowns and social distancingaccelerated the adoptionof online retail among both merchants and consumers. As a result,Amazon,Etsy,Shopify, and MercadoLibre all had some of theirbest performances ever.\nWish also had its best year yet -- its revenue andmonthly active usershit all-time highs. But its actual performance did not meet the standard set by its larger peers. For example, Wish's revenue rose by 34%, while Amazon'srose 38%. The former underperformed (even though was growing from a much smaller base) because it operates a cross-border e-commerce platform -- many of its merchants are based in China, while the bulk of its buyers are from Europe and the U.S. When the pandemic hit, international flights ground to a near-halt, which crippled cross-border delivery networks. As a result, merchants on Wish were either unable to deliver goods to customers, or forced to rely on slower shipping methods such as ocean freight. Customers responded by canceling orders and buying fewer items on the platform. If global supply chains had not been crimped, there's no doubt Wish would have delivered more growth in 2020.\nOn the other hand, most e-commerce players -- including Amazon -- are primarily local platforms. Both the sellers and the buyers are largely in the same country or region. In 2020, local logistics networks were largely able to operate effectively despite international border closures and disruptions to overseas supply chains. This allowed online shopping to surge throughout the pandemic.\nDuring that trying time, Wish was not sitting on its hands. It doubled down on its proprietary logistic platform to provide merchants with cost-effective and reliable end-to-end, cross-border parcel deliveries. As a result, the average delivery time improved, and shipping related refunds rate fell by 43% in the first quarter of 2021. By adapting, Wish turned the crisis into an opportunity to strengthen its business model -- and revenue for Wish's logistics division surged by 275% in 2020.\nSuch evolutions are nothing new for the company. Wish has been trying to innovate over the years to deal with real issues around customer service, product quality, and logistics, among other areas. For example, in 2019, Wishrolled out Wish Local, a partnership program with brick-and-mortar stores. Customers could order items via the e-commerce platform, and then pick them up at Wish Local's partner stores, a network of more than 50,000 merchants in 50 countries.\nCustomers get secure shipping, and while the partner retailers can sell inventory on the Wish platform, gain added foot traffic, and earn extra revenue by serving as pickup spots. And for the company, Wish Local dramatically allowed it to expand its fulfillment network without expensive infrastructure investments, expand its product catalog, and improve convenience for customers.\nSome of Wish's problems aren't unusual in its business. Alibaba, the world's biggest e-commerce company by gross merchandise value, had to deal with a host of product quality issues and logistical problems in its early days.Pinduoduo, the up-and-coming disrupter in China's e-commerce market, has also had to deal withconcerns over fake and counterfeitlistings.\nHence, while investors will need to keep an eye on Wish's short-term issues, they would be far better off thinking about what Wish could become. Its mission of bringing \"an affordable and entertaining mobile shopping experience to billions of consumers around the world\" serves as a good compass here. And given its strong execution capabilities, Wish is in a good position to sustain growth for years to come.\n2. Wish's future is in good hands\nWish has a track record of innovation and evolution. But it will still require its management team to bring it to the next level. In that regard, I believe it can count on founder-CEO Piotr Szulczewski and new Executive Chairwoman Jacqueline Reses.\nA former senior software engineer at Alphabet subsidiary Google, Szulczewski built the technological foundation that powers Wish today. The company leverages data to drive almost all aspects of its operations -- including user acquisition, recommendation personalization, and logistics optimization. Its technology allows Wish to deliver a level of efficiency and productivity that outclasses some of the world's besttechnologycompanies. For perspective, Wish's revenue per employee was $2.9 million in 2020 -- nearly double Facebook's revenue per employee.\nIn addition to being responsible for much of Wish's success, Szulczewski has serious skin in the game -- his stake in the company is worth more than $1 billion. In other words, he'sheavily investedin making the company a success.\nWish beefed up its leadership team with the addition of Reses. (Previously, Szulczewski held both chair and CEO roles.) Reses had been with Square from 2012 to 2020, where she served aschairwoman of Square Capitalfrom 2015 to 2020. Prior to that, she was chief development officer of Yahoo! and on the board of Alibaba. She also chairs the Economic Advisory Council of the Federal Reserve Bank of San Francisco. Wish stands to benefit immensely from her experience scaling global technology companies.\nWith those two leading the way, Wish has what it needs to accelerate its growth.\nWhat's next for Wish\nWish generated $2.5 billion in revenue last year. That's just a drop in the bucket compared to the global e-commerce market, which eMarketer expects to be worth $6.3 trillion by 2024.\nWish hopes to become the online retailer of choice for value-conscious shoppers. To get there, Wish must expand its selection of products far beyond the often low-quality products it offers currently. It needs to grow, diversify and localize its merchant base, targeting local sellers in the U.S. and Europe for its partner network. The company also needs to drum up marketing efforts, improve its delivery infrastructure and expand Wish Local.\nThe path to success won't be easy, as Wish faces competition from larger, more established players like Amazon andeBay. But Wish is hoping it can leverage its strengths -- such as its prowess in data science -- to outsmart its rivals. And with a potential customer base spanning over a billion households worldwide, Wish should remain busy for many years to come.","news_type":1},"isVote":1,"tweetType":1,"viewCount":207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168304120,"gmtCreate":1623948843160,"gmtModify":1703824515414,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>?","listText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>?","text":"$Senseonics(SENS)$?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/168304120","isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161798560,"gmtCreate":1623939905550,"gmtModify":1703824104224,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>?","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>?","text":"$ContextLogic Inc.(WISH)$?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161798560","isVote":1,"tweetType":1,"viewCount":205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161628503,"gmtCreate":1623923649402,"gmtModify":1703823612115,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"For the letters!","listText":"For the letters!","text":"For the letters!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161628503","repostId":"1191245053","repostType":2,"repost":{"id":"1191245053","pubTimestamp":1623762167,"share":"https://www.laohu8.com/m/news/1191245053?lang=&edition=full","pubTime":"2021-06-15 21:02","market":"us","language":"en","title":"Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1191245053","media":"zerohedge","summary":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis","content":"<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p>\n<p>So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p>\n<p><img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p>\n<p>Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p>\n<p><img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p>\n<p>It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p>\n<p><img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p>\n<p>The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p>\n<p><img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p>\n<p>This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p>\n<p><img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p>\n<p>Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p>\n<p><img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p>\n<p>Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p>\n<p><img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p>\n<p>One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p>\n<p>As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p>\n<p><img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p>\n<p>Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p>","source":"lsy1583725640930","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQuad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 21:02 GMT+8 <a href=https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191245053","content_text":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").\nSo picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.\n\nYet while these totals are massive,when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.\n\nIt's worth noting that according to Goldman estimates that combos accountfor 15-20% of SPX options,so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.\n\nThe Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPXrealized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.\n\nThis contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.\n\nThen, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees thatthe extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:the market will become much more volatile in a selloff.\n\nMeanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.\n\nOne final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.\nAs Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"\n\nWhy is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!","news_type":1},"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163344192,"gmtCreate":1623860615216,"gmtModify":1703821850477,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>??♂️","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>??♂️","text":"$ContextLogic Inc.(WISH)$??♂️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163344192","isVote":1,"tweetType":1,"viewCount":130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160123161,"gmtCreate":1623775524553,"gmtModify":1703819195080,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Moon","listText":"Moon","text":"Moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160123161","repostId":"1185254731","repostType":2,"repost":{"id":"1185254731","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623764438,"share":"https://www.laohu8.com/m/news/1185254731?lang=&edition=full","pubTime":"2021-06-15 21:40","market":"us","language":"en","title":"ContextLogic gained as much as 10% a few minutes ago","url":"https://stock-news.laohu8.com/highlight/detail?id=1185254731","media":"Tiger Newspress","summary":"(June 15) ContextLogic gained as much as 10% a few minutes ago. ContextLogic gained nearly 6% for n","content":"<p>(June 15) ContextLogic gained as much as 10% a few minutes ago. ContextLogic gained nearly 6% for now.</p>\n<p><img src=\"https://static.tigerbbs.com/83f3eeb6c29b019970adceac690d15c3\" tg-width=\"663\" tg-height=\"440\" referrerpolicy=\"no-referrer\"></p>\n<p>ContextLogic signed a two-year partnership with an ecommerce platform,PrestaShop yesterday.</p>\n<p>More than 300,000 merchants and brands on the PrestaShop platform will be able to easily sell to millions of consumers on the Wish marketplace.</p>\n<p>Alan Small, Senior Business Development Manager for Wish in Europe said: “Wish serves millions of consumers around the world by providing high-quality products at affordable prices and a personalized, entertaining shopping experience. Partnering with PrestaShop will enable us to offer our consumers even more quality merchants and brands and to provide Prestashop merchants with a global platform to transact on.”</p>\n<p>Last week,the company's shares surged on attracting attention on the WallStreetBets Reddit forum.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ContextLogic gained as much as 10% a few minutes ago</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nContextLogic gained as much as 10% a few minutes ago\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-15 21:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(June 15) ContextLogic gained as much as 10% a few minutes ago. ContextLogic gained nearly 6% for now.</p>\n<p><img src=\"https://static.tigerbbs.com/83f3eeb6c29b019970adceac690d15c3\" tg-width=\"663\" tg-height=\"440\" referrerpolicy=\"no-referrer\"></p>\n<p>ContextLogic signed a two-year partnership with an ecommerce platform,PrestaShop yesterday.</p>\n<p>More than 300,000 merchants and brands on the PrestaShop platform will be able to easily sell to millions of consumers on the Wish marketplace.</p>\n<p>Alan Small, Senior Business Development Manager for Wish in Europe said: “Wish serves millions of consumers around the world by providing high-quality products at affordable prices and a personalized, entertaining shopping experience. Partnering with PrestaShop will enable us to offer our consumers even more quality merchants and brands and to provide Prestashop merchants with a global platform to transact on.”</p>\n<p>Last week,the company's shares surged on attracting attention on the WallStreetBets Reddit forum.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185254731","content_text":"(June 15) ContextLogic gained as much as 10% a few minutes ago. ContextLogic gained nearly 6% for now.\n\nContextLogic signed a two-year partnership with an ecommerce platform,PrestaShop yesterday.\nMore than 300,000 merchants and brands on the PrestaShop platform will be able to easily sell to millions of consumers on the Wish marketplace.\nAlan Small, Senior Business Development Manager for Wish in Europe said: “Wish serves millions of consumers around the world by providing high-quality products at affordable prices and a personalized, entertaining shopping experience. Partnering with PrestaShop will enable us to offer our consumers even more quality merchants and brands and to provide Prestashop merchants with a global platform to transact on.”\nLast week,the company's shares surged on attracting attention on the WallStreetBets Reddit forum.","news_type":1},"isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160370989,"gmtCreate":1623773583041,"gmtModify":1703819100273,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>Gogo","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>Gogo","text":"$ContextLogic Inc.(WISH)$Gogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160370989","isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":168304120,"gmtCreate":1623948843160,"gmtModify":1703824515414,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>?","listText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>?","text":"$Senseonics(SENS)$?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/168304120","isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162938949,"gmtCreate":1624030614181,"gmtModify":1703827190327,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>?","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>?","text":"$ContextLogic Inc.(WISH)$?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162938949","isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164475893,"gmtCreate":1624235088612,"gmtModify":1703831020648,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164475893","repostId":"1154249454","repostType":4,"isVote":1,"tweetType":1,"viewCount":102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161628503,"gmtCreate":1623923649402,"gmtModify":1703823612115,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"For the letters!","listText":"For the letters!","text":"For the letters!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161628503","repostId":"1191245053","repostType":2,"repost":{"id":"1191245053","pubTimestamp":1623762167,"share":"https://www.laohu8.com/m/news/1191245053?lang=&edition=full","pubTime":"2021-06-15 21:02","market":"us","language":"en","title":"Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1191245053","media":"zerohedge","summary":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis","content":"<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p>\n<p>So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p>\n<p><img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p>\n<p>Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p>\n<p><img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p>\n<p>It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p>\n<p><img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p>\n<p>The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p>\n<p><img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p>\n<p>This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p>\n<p><img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p>\n<p>Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p>\n<p><img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p>\n<p>Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p>\n<p><img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p>\n<p>One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p>\n<p>As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p>\n<p><img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p>\n<p>Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p>","source":"lsy1583725640930","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQuad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 21:02 GMT+8 <a href=https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191245053","content_text":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").\nSo picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.\n\nYet while these totals are massive,when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.\n\nIt's worth noting that according to Goldman estimates that combos accountfor 15-20% of SPX options,so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.\n\nThe Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPXrealized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.\n\nThis contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.\n\nThen, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees thatthe extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:the market will become much more volatile in a selloff.\n\nMeanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.\n\nOne final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.\nAs Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"\n\nWhy is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!","news_type":1},"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160370989,"gmtCreate":1623773583041,"gmtModify":1703819100273,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>Gogo","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>Gogo","text":"$ContextLogic Inc.(WISH)$Gogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160370989","isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161798560,"gmtCreate":1623939905550,"gmtModify":1703824104224,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>?","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>?","text":"$ContextLogic Inc.(WISH)$?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161798560","isVote":1,"tweetType":1,"viewCount":205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160123161,"gmtCreate":1623775524553,"gmtModify":1703819195080,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Moon","listText":"Moon","text":"Moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160123161","repostId":"1185254731","repostType":2,"repost":{"id":"1185254731","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623764438,"share":"https://www.laohu8.com/m/news/1185254731?lang=&edition=full","pubTime":"2021-06-15 21:40","market":"us","language":"en","title":"ContextLogic gained as much as 10% a few minutes ago","url":"https://stock-news.laohu8.com/highlight/detail?id=1185254731","media":"Tiger Newspress","summary":"(June 15) ContextLogic gained as much as 10% a few minutes ago. ContextLogic gained nearly 6% for n","content":"<p>(June 15) ContextLogic gained as much as 10% a few minutes ago. ContextLogic gained nearly 6% for now.</p>\n<p><img src=\"https://static.tigerbbs.com/83f3eeb6c29b019970adceac690d15c3\" tg-width=\"663\" tg-height=\"440\" referrerpolicy=\"no-referrer\"></p>\n<p>ContextLogic signed a two-year partnership with an ecommerce platform,PrestaShop yesterday.</p>\n<p>More than 300,000 merchants and brands on the PrestaShop platform will be able to easily sell to millions of consumers on the Wish marketplace.</p>\n<p>Alan Small, Senior Business Development Manager for Wish in Europe said: “Wish serves millions of consumers around the world by providing high-quality products at affordable prices and a personalized, entertaining shopping experience. Partnering with PrestaShop will enable us to offer our consumers even more quality merchants and brands and to provide Prestashop merchants with a global platform to transact on.”</p>\n<p>Last week,the company's shares surged on attracting attention on the WallStreetBets Reddit forum.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ContextLogic gained as much as 10% a few minutes ago</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nContextLogic gained as much as 10% a few minutes ago\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-15 21:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(June 15) ContextLogic gained as much as 10% a few minutes ago. ContextLogic gained nearly 6% for now.</p>\n<p><img src=\"https://static.tigerbbs.com/83f3eeb6c29b019970adceac690d15c3\" tg-width=\"663\" tg-height=\"440\" referrerpolicy=\"no-referrer\"></p>\n<p>ContextLogic signed a two-year partnership with an ecommerce platform,PrestaShop yesterday.</p>\n<p>More than 300,000 merchants and brands on the PrestaShop platform will be able to easily sell to millions of consumers on the Wish marketplace.</p>\n<p>Alan Small, Senior Business Development Manager for Wish in Europe said: “Wish serves millions of consumers around the world by providing high-quality products at affordable prices and a personalized, entertaining shopping experience. Partnering with PrestaShop will enable us to offer our consumers even more quality merchants and brands and to provide Prestashop merchants with a global platform to transact on.”</p>\n<p>Last week,the company's shares surged on attracting attention on the WallStreetBets Reddit forum.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185254731","content_text":"(June 15) ContextLogic gained as much as 10% a few minutes ago. ContextLogic gained nearly 6% for now.\n\nContextLogic signed a two-year partnership with an ecommerce platform,PrestaShop yesterday.\nMore than 300,000 merchants and brands on the PrestaShop platform will be able to easily sell to millions of consumers on the Wish marketplace.\nAlan Small, Senior Business Development Manager for Wish in Europe said: “Wish serves millions of consumers around the world by providing high-quality products at affordable prices and a personalized, entertaining shopping experience. Partnering with PrestaShop will enable us to offer our consumers even more quality merchants and brands and to provide Prestashop merchants with a global platform to transact on.”\nLast week,the company's shares surged on attracting attention on the WallStreetBets Reddit forum.","news_type":1},"isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166148895,"gmtCreate":1623998849717,"gmtModify":1703826150276,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Waiting","listText":"Waiting","text":"Waiting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166148895","repostId":"1183646767","repostType":2,"repost":{"id":"1183646767","pubTimestamp":1623986771,"share":"https://www.laohu8.com/m/news/1183646767?lang=&edition=full","pubTime":"2021-06-18 11:26","market":"us","language":"en","title":"2 Things the Bears Might Have Missed About Wish","url":"https://stock-news.laohu8.com/highlight/detail?id=1183646767","media":"Motley Fool","summary":"While the e-commerce platform company might have lost its shine with investors of late, it is positioning itself for long-term growth.","content":"<p>For investors of discount e-commerce marketplace Wish, the past six months have been one heck of a bumpy ride. Following its mid-December IPO at $24 a share -- trading under the name of its parent company,<b>ContextLogic</b>(NASDAQ:WISH)-- the stock climbed to $33 a share in January. But since then, the price has plunged by 77%, hitting a low of $7.52 on June 7. It has pared those losses a bit in the past week, but it would still need to more than double in price just to get back to its debut price.</p>\n<p>So why did Wish fall? Bears are highlighting the company's decelerating revenue and user growth, coupled with itswidening net losses. They're alsocomparing Wish to other e-commerce playersthat are growing more quickly -- and in many cases, profitably. Wish also offered weak guidance for the current quarter, which hasn't helped matters.</p>\n<p>These are all legitimate concerns. But bears seem to be overly focused on short-term headwinds while failing to note two key factors that will shape the future of this e-commerce platform.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d636012e6b242f692e05403ee58e58b5\" tg-width=\"700\" tg-height=\"466\"><span>IMAGE SOURCE: GETTY IMAGES</span></p>\n<p><b>1. Wish has a track record of innovation and evolution</b></p>\n<p>Last year was a strong one for e-commerce players around the world. Pandemic lockdowns and social distancingaccelerated the adoptionof online retail among both merchants and consumers. As a result,<b>Amazon</b>,<b>Etsy</b>,<b>Shopify</b>, and <b>MercadoLibre</b> all had some of theirbest performances ever.</p>\n<p>Wish also had its best year yet -- its revenue andmonthly active usershit all-time highs. But its actual performance did not meet the standard set by its larger peers. For example, Wish's revenue rose by 34%, while Amazon'srose 38%. The former underperformed (even though was growing from a much smaller base) because it operates a cross-border e-commerce platform -- many of its merchants are based in China, while the bulk of its buyers are from Europe and the U.S. When the pandemic hit, international flights ground to a near-halt, which crippled cross-border delivery networks. As a result, merchants on Wish were either unable to deliver goods to customers, or forced to rely on slower shipping methods such as ocean freight. Customers responded by canceling orders and buying fewer items on the platform. If global supply chains had not been crimped, there's no doubt Wish would have delivered more growth in 2020.</p>\n<p>On the other hand, most e-commerce players -- including Amazon -- are primarily local platforms. Both the sellers and the buyers are largely in the same country or region. In 2020, local logistics networks were largely able to operate effectively despite international border closures and disruptions to overseas supply chains. This allowed online shopping to surge throughout the pandemic.</p>\n<p>During that trying time, Wish was not sitting on its hands. It doubled down on its proprietary logistic platform to provide merchants with cost-effective and reliable end-to-end, cross-border parcel deliveries. As a result, the average delivery time improved, and shipping related refunds rate fell by 43% in the first quarter of 2021. By adapting, Wish turned the crisis into an opportunity to strengthen its business model -- and revenue for Wish's logistics division surged by 275% in 2020.</p>\n<p>Such evolutions are nothing new for the company. Wish has been trying to innovate over the years to deal with real issues around customer service, product quality, and logistics, among other areas. For example, in 2019, Wishrolled out Wish Local, a partnership program with brick-and-mortar stores. Customers could order items via the e-commerce platform, and then pick them up at Wish Local's partner stores, a network of more than 50,000 merchants in 50 countries.</p>\n<p>Customers get secure shipping, and while the partner retailers can sell inventory on the Wish platform, gain added foot traffic, and earn extra revenue by serving as pickup spots. And for the company, Wish Local dramatically allowed it to expand its fulfillment network without expensive infrastructure investments, expand its product catalog, and improve convenience for customers.</p>\n<p>Some of Wish's problems aren't unusual in its business. Alibaba, the world's biggest e-commerce company by gross merchandise value, had to deal with a host of product quality issues and logistical problems in its early days.<b>Pinduoduo</b>, the up-and-coming disrupter in China's e-commerce market, has also had to deal withconcerns over fake and counterfeitlistings.</p>\n<p>Hence, while investors will need to keep an eye on Wish's short-term issues, they would be far better off thinking about what Wish could become. Its mission of bringing \"an affordable and entertaining mobile shopping experience to billions of consumers around the world\" serves as a good compass here. And given its strong execution capabilities, Wish is in a good position to sustain growth for years to come.</p>\n<p><b>2. Wish's future is in good hands</b></p>\n<p>Wish has a track record of innovation and evolution. But it will still require its management team to bring it to the next level. In that regard, I believe it can count on founder-CEO Piotr Szulczewski and new Executive Chairwoman Jacqueline Reses.</p>\n<p>A former senior software engineer at <b>Alphabet</b> subsidiary Google, Szulczewski built the technological foundation that powers Wish today. The company leverages data to drive almost all aspects of its operations -- including user acquisition, recommendation personalization, and logistics optimization. Its technology allows Wish to deliver a level of efficiency and productivity that outclasses some of the world's besttechnologycompanies. For perspective, Wish's revenue per employee was $2.9 million in 2020 -- nearly double <b>Facebook</b>'s revenue per employee.</p>\n<p>In addition to being responsible for much of Wish's success, Szulczewski has serious skin in the game -- his stake in the company is worth more than $1 billion. In other words, he'sheavily investedin making the company a success.</p>\n<p>Wish beefed up its leadership team with the addition of Reses. (Previously, Szulczewski held both chair and CEO roles.) Reses had been with <b>Square</b> from 2012 to 2020, where she served aschairwoman of Square Capitalfrom 2015 to 2020. Prior to that, she was chief development officer of Yahoo! and on the board of <b>Alibaba</b>. She also chairs the Economic Advisory Council of the Federal Reserve Bank of San Francisco. Wish stands to benefit immensely from her experience scaling global technology companies.</p>\n<p>With those two leading the way, Wish has what it needs to accelerate its growth.</p>\n<p><b>What's next for Wish</b></p>\n<p>Wish generated $2.5 billion in revenue last year. That's just a drop in the bucket compared to the global e-commerce market, which eMarketer expects to be worth $6.3 trillion by 2024.</p>\n<p>Wish hopes to become the online retailer of choice for value-conscious shoppers. To get there, Wish must expand its selection of products far beyond the often low-quality products it offers currently. It needs to grow, diversify and localize its merchant base, targeting local sellers in the U.S. and Europe for its partner network. The company also needs to drum up marketing efforts, improve its delivery infrastructure and expand Wish Local.</p>\n<p>The path to success won't be easy, as Wish faces competition from larger, more established players like Amazon and<b>eBay</b>. But Wish is hoping it can leverage its strengths -- such as its prowess in data science -- to outsmart its rivals. And with a potential customer base spanning over a billion households worldwide, Wish should remain busy for many years to come.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Things the Bears Might Have Missed About Wish</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Things the Bears Might Have Missed About Wish\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 11:26 GMT+8 <a href=https://www.fool.com/investing/2021/06/17/2-things-the-bears-might-have-missed-about-wish/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For investors of discount e-commerce marketplace Wish, the past six months have been one heck of a bumpy ride. Following its mid-December IPO at $24 a share -- trading under the name of its parent ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/17/2-things-the-bears-might-have-missed-about-wish/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/06/17/2-things-the-bears-might-have-missed-about-wish/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183646767","content_text":"For investors of discount e-commerce marketplace Wish, the past six months have been one heck of a bumpy ride. Following its mid-December IPO at $24 a share -- trading under the name of its parent company,ContextLogic(NASDAQ:WISH)-- the stock climbed to $33 a share in January. But since then, the price has plunged by 77%, hitting a low of $7.52 on June 7. It has pared those losses a bit in the past week, but it would still need to more than double in price just to get back to its debut price.\nSo why did Wish fall? Bears are highlighting the company's decelerating revenue and user growth, coupled with itswidening net losses. They're alsocomparing Wish to other e-commerce playersthat are growing more quickly -- and in many cases, profitably. Wish also offered weak guidance for the current quarter, which hasn't helped matters.\nThese are all legitimate concerns. But bears seem to be overly focused on short-term headwinds while failing to note two key factors that will shape the future of this e-commerce platform.\nIMAGE SOURCE: GETTY IMAGES\n1. Wish has a track record of innovation and evolution\nLast year was a strong one for e-commerce players around the world. Pandemic lockdowns and social distancingaccelerated the adoptionof online retail among both merchants and consumers. As a result,Amazon,Etsy,Shopify, and MercadoLibre all had some of theirbest performances ever.\nWish also had its best year yet -- its revenue andmonthly active usershit all-time highs. But its actual performance did not meet the standard set by its larger peers. For example, Wish's revenue rose by 34%, while Amazon'srose 38%. The former underperformed (even though was growing from a much smaller base) because it operates a cross-border e-commerce platform -- many of its merchants are based in China, while the bulk of its buyers are from Europe and the U.S. When the pandemic hit, international flights ground to a near-halt, which crippled cross-border delivery networks. As a result, merchants on Wish were either unable to deliver goods to customers, or forced to rely on slower shipping methods such as ocean freight. Customers responded by canceling orders and buying fewer items on the platform. If global supply chains had not been crimped, there's no doubt Wish would have delivered more growth in 2020.\nOn the other hand, most e-commerce players -- including Amazon -- are primarily local platforms. Both the sellers and the buyers are largely in the same country or region. In 2020, local logistics networks were largely able to operate effectively despite international border closures and disruptions to overseas supply chains. This allowed online shopping to surge throughout the pandemic.\nDuring that trying time, Wish was not sitting on its hands. It doubled down on its proprietary logistic platform to provide merchants with cost-effective and reliable end-to-end, cross-border parcel deliveries. As a result, the average delivery time improved, and shipping related refunds rate fell by 43% in the first quarter of 2021. By adapting, Wish turned the crisis into an opportunity to strengthen its business model -- and revenue for Wish's logistics division surged by 275% in 2020.\nSuch evolutions are nothing new for the company. Wish has been trying to innovate over the years to deal with real issues around customer service, product quality, and logistics, among other areas. For example, in 2019, Wishrolled out Wish Local, a partnership program with brick-and-mortar stores. Customers could order items via the e-commerce platform, and then pick them up at Wish Local's partner stores, a network of more than 50,000 merchants in 50 countries.\nCustomers get secure shipping, and while the partner retailers can sell inventory on the Wish platform, gain added foot traffic, and earn extra revenue by serving as pickup spots. And for the company, Wish Local dramatically allowed it to expand its fulfillment network without expensive infrastructure investments, expand its product catalog, and improve convenience for customers.\nSome of Wish's problems aren't unusual in its business. Alibaba, the world's biggest e-commerce company by gross merchandise value, had to deal with a host of product quality issues and logistical problems in its early days.Pinduoduo, the up-and-coming disrupter in China's e-commerce market, has also had to deal withconcerns over fake and counterfeitlistings.\nHence, while investors will need to keep an eye on Wish's short-term issues, they would be far better off thinking about what Wish could become. Its mission of bringing \"an affordable and entertaining mobile shopping experience to billions of consumers around the world\" serves as a good compass here. And given its strong execution capabilities, Wish is in a good position to sustain growth for years to come.\n2. Wish's future is in good hands\nWish has a track record of innovation and evolution. But it will still require its management team to bring it to the next level. In that regard, I believe it can count on founder-CEO Piotr Szulczewski and new Executive Chairwoman Jacqueline Reses.\nA former senior software engineer at Alphabet subsidiary Google, Szulczewski built the technological foundation that powers Wish today. The company leverages data to drive almost all aspects of its operations -- including user acquisition, recommendation personalization, and logistics optimization. Its technology allows Wish to deliver a level of efficiency and productivity that outclasses some of the world's besttechnologycompanies. For perspective, Wish's revenue per employee was $2.9 million in 2020 -- nearly double Facebook's revenue per employee.\nIn addition to being responsible for much of Wish's success, Szulczewski has serious skin in the game -- his stake in the company is worth more than $1 billion. In other words, he'sheavily investedin making the company a success.\nWish beefed up its leadership team with the addition of Reses. (Previously, Szulczewski held both chair and CEO roles.) Reses had been with Square from 2012 to 2020, where she served aschairwoman of Square Capitalfrom 2015 to 2020. Prior to that, she was chief development officer of Yahoo! and on the board of Alibaba. She also chairs the Economic Advisory Council of the Federal Reserve Bank of San Francisco. Wish stands to benefit immensely from her experience scaling global technology companies.\nWith those two leading the way, Wish has what it needs to accelerate its growth.\nWhat's next for Wish\nWish generated $2.5 billion in revenue last year. That's just a drop in the bucket compared to the global e-commerce market, which eMarketer expects to be worth $6.3 trillion by 2024.\nWish hopes to become the online retailer of choice for value-conscious shoppers. To get there, Wish must expand its selection of products far beyond the often low-quality products it offers currently. It needs to grow, diversify and localize its merchant base, targeting local sellers in the U.S. and Europe for its partner network. The company also needs to drum up marketing efforts, improve its delivery infrastructure and expand Wish Local.\nThe path to success won't be easy, as Wish faces competition from larger, more established players like Amazon andeBay. But Wish is hoping it can leverage its strengths -- such as its prowess in data science -- to outsmart its rivals. And with a potential customer base spanning over a billion households worldwide, Wish should remain busy for many years to come.","news_type":1},"isVote":1,"tweetType":1,"viewCount":207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163344192,"gmtCreate":1623860615216,"gmtModify":1703821850477,"author":{"id":"3577782757457558","authorId":"3577782757457558","name":"Stahnk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>??♂️","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>??♂️","text":"$ContextLogic Inc.(WISH)$??♂️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163344192","isVote":1,"tweetType":1,"viewCount":130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
