It was only yesterday (14 Mar 2023, Tue) that US market rallied back from the brink of Silicon Valley Bank debancle; that threatened to spread like a virus, worldwide all over again. The action plan put-in-placed over the weekend by FDIC and The Fed; supported by US Treasury Dept ensured that all depositors’ funds will be available; seemed to have halted the en-masse withdrawal the week before. Just when one thought the coast is cleared, things seemed to have taken a turned for the “worse” when US Market opens for trading on 15 Mar 2023 (Wed). What Are The Catalysts Fueling This Decline ? (1) Moody Downgrades US Banking sectors Moody's, is an American business & financial services company. It's Investors Service, a rating agency rates debt securities in several market segments related
Market OverviewThe S&P 500 and Nasdaq finished at their highest levels in a month on Friday (Jan. 13), with shares of JPMorgan Chase and other banks rising following their quarterly results, which kicked off the earnings season.Regarding the options market, a total volume of 44,208,238 contracts was traded, down 6.5% from the previous trading day.$Tesla(TSLA)$ has the highest volume of bullish activity by option delta volume, which converts option volume to an equivalent stock volume. Tesla has slashed prices on its electric vehicles in the United States and Europe, the automaker's website shows, extending a new strategy of aggressive discounting after missing Wall Street estimates for deliveries.Top 10 Option VolumesTop 10: SPY, TSL