To The Moon

🌟🌟🌟The Utilities Sector have been doing well lately and in fact $Fidelity MSCI Utilities Index ETF(FUTY)$ is up 5.6% in the past month. In contrast $The Magnificent Seven ETF(MAGS)$ which represent the Magnificent 7 stocks have lagged behind at 3.5% in the past month. Utilities stocks have been benefiting from data that shows a growing demand for their services. This is due to the fast growing market for Electric Vehicles and Data Centres required for machine learning in AI. Analysts expect that the utilities companies would need to invest heavily in the electric grid to keep up. FUTY seeks to provide investment returns on the performance of the US utilities sector

🌟🌟🌟The Utilities Sector have been doing well lately and in fact $Fidelity MSCI Utilities Index ETF(FUTY)$ is up 5.6% in the past month. In contrast $The Magnificent Seven ETF(MAGS)$ which represent the Magnificent 7 stocks have lagged behind at 3.5% in the past month. Utilities stocks have been benefiting from data that shows a growing demand for their services. This is due to the fast growing market for Electric Vehicles and Data Centres required for machine learning in AI. Analysts expect that the utilities companies would need to invest heavily in the electric grid to keep up. FUTY seeks to provide investment returns on the performance of the US utilities sector

. News Popping. First it was $Microsoft(MSFT)$ and OpenAI, partnership that gave rise to ChatGPT. Then come, Microsoft and $Lumen Technologies(LUMN)$ partnership on the next generation of fibre optic cables to interconnect AI-enabled data centers on 01 Aug 2024. Even before the dusts have settled, another Microsoft partnership popped up again. Two of the most important names in artificial intelligence (AI) are joining forces. This time it is with Palantir. From The Beginning. The emergence and adoption of artificial intelligence (AI) has been the paradigm shift in business, as companies figure out how best to benefit from these next-generation algorithms. What sets generative AI apart from its predecessor

$GameStop(GME)$ Last Friday, we discussed how the wily dealers still had open interest in longer-dated GME calls, but theoretically would likely wait for implied vols to settle before reloading - with June 21st opex being the next potential strike window.Well, it appears they got more impatient than expected and started redeploying before vols could fully normalize:Similar to their pre-spike modus operandi, they've been accumulating the front-month, at-the-money calls again. On the June 21st expiry, the $GME 20240621 20 CALL$ saw over 22,000 lots trade for over $100 million in premium.Current 30-day implied vol sits elevated at 190%, well above the 163% levels from the prior two wee

Investors awaited Nvidia's earnings report after the bell to see if the AI chip giant can sustain this year's stock market rally. The Federal Reserve's latest policy meeting minutes were also due for release later, with investors scanning for clues on the rate path ahead.Options flows revealed active trading in upside calls, pointing to a bullish view on the S&P 500 for May, though longer-dated put positioning continued building. QQQ still had around 2% further upside priced in, while small-caps saw expectations capping the Russell 2000's rally below 5.7% by June expiration.Details:The S&P 500 ETF (SPY) saw open call interest rise 0.6% over the past 5 days. Open put contracts increased 0.7% over the same period.For call options, investors bought the most