Options Spy | PINS plunged, and institutions sold a lot of put options to copy the bottom
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As the earnings season continued and US inflation data was revised, the S&P closed above the 5,000 level for the first time, another record high. The Nasdaq index broke through the 16,000 point mark during the session and peaked at 16,007.29 points, just a step away from the all-time high in November 2021. All three major averages rose for the fifth straight week and the 14th in 15 years. The S&P has not seen such a move since the end of March 1972. The last time the Dow and Nasdaq were in a similar situation was in the 1990s.Bitcoin topped $47,000, sending blockchain stocks soaring. As AI optimism continues, Nvidia continues to hit new highs. Microsoft's market capitalization topped $3.1 trillion, surpassing Apple's previous record of $3 trillion.Revisions to key US inflation data