. Sea of Thieves. In the game "Sea of Thieves" the player assumes the role of a pirate who completes voyages for different trading companies. Released by Microsoft Studios in 2018, the game originally an Xbox console exclusive when released, has since been ported to PlayStation in April 2024. According to $Sony(SONY)$, "Sea of Thieves" was the most downloaded game for PlayStation 5 on the PS Store in May 2024, in the EU, US and Canada. Fast forward to Washington. Microsoft President Brad Smith has been grilled by Congress about the pirates of the internet — hackers. As reported by Reuters on Thu, 13 Jun 2024, a House homeland security panel has asked Smith about the tech giant's (a) security practices and (b) ties to China. This comes about o
$Amazon.com(AMZN)$ The big fish are SELLING folks, they've been selling for the last 3 weeks in case you haven't noticed. Don't look at individual stocks that are the EXCEPTIONS to this rule like $NVIDIA Corp(NVDA)$ , look at the whole broad market and you will see the big fish are selling BIGTIME!Thus ask yourself, if they're selling broadly right now what do you think they think the next 6 months to a year looks like? Ugly that's what it obviously looks like to them so they're getting out. This always happens too before a big market correction/crash, they leave mom & pop holding the bag at the top.Fierce competition in e-retail from $PD
A sharp drop in US weekly initial jobless claims dented hopes for Fed rate cuts, offsetting the tech rally led by Nvidia and sending Boeing plunging over 7.5% as Treasury yields climbed.Options flows showed the S&P 500 topping out, with expectations for SPY to trade below 528 by June 14 expiration. QQQ was seen capped with less than 2% further upside priced in by May 31. For small-caps, the Russell 2000 topped out with IWM expected to stay below 214 by June 7.Details:The S&P 500 ETF (SPY) saw open call interest rise 4.3% over the past 5 days. Open put contracts increased 2.2% over the same period.For call options, investors sold the most $SPY 20240614 528.0 CALL$ with a 528 strike, adding 18,000 contracts. This i
Tech-heavy Nasdaq and S&P 500 pushed higher on the back of a blowout earnings report from Nvidia that boosted chip stocks and reinforced optimism around the AI boom.Options flows showed continued defensive put positioning in SPY to hedge for a 5% pullback by July 31 expiration. For QQQ, downside was seen limited to 5.6% by May 31. In small-caps, the Russell 2000 was pricing a 5% decline by July 19.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest rise 1.2% over the past 5 days. Open put contracts increased 1.3% over the same period.For call options, the most actively traded was the $SPY 20240523 540.0 CALL$ with a 540 strike, adding 12,000 contracts.For put