To The Moon

$Microsoft(MSFT)$ has announced its quarterly earnings (Q4 2023) on Tue, 25 Jul 2023 after market closed. Incidentally, it was the same day that $Alphabet(GOOG)$ released their Q2 2023 earnings as well; also after market closed. As a result, it was inevitable that analysts put these 2 Mega cap companies’ results side-by-side and performed apple-to-apple comparisons: especially in overlapping areas of businesses. Namely - (a) clouding computing and (b) artificial intelligence; the “hype” that got Nasdaq all hot & sizzling again. More about this later. Microsoft Q4 2023 earnings in details: Revenue: $56.19 billion, vs. $55.47 billion as expected by Refinitiv. Operating Income: $24.25 billion; that’s a

Tesla and Netflix each fell 8% to become the trigger for this market correction. There is no hard damage in the earnings report, but the release time just before the index adjustment and FOMC, the market has a pullback demand. The FOMC meeting next Thursday, July 27, is likely to raise interest rates for the last time, and the dollar has rebounded after falling to a low point.So what is the target of this pullback? Two orders caught my eye:sell $MSFT 20230804 365.0 CALL$sell $CRM 20230804 245.0 CALL$I think the seller weight is greater than the buyer weight in the big options order, because the margin pressure is so muc

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