To The Moon

Markets are watching Fed officials talk for insight into the outlook for interest rates. Whether the Federal Reserve will continue to raise interest rates this year is still uncertain, the Wall Street Journal reporter Nick Timiraos, who is known as the "Fed mouthpiece," wrote on Wednesday (18). Philadelphia Fed President Patric Harker, who has a vote on the Federal Open Market Committee this year, said the Fed should remain on hold until early next year because monetary policy has a lag effect and higher borrowing costs will drag on the economy despite recent data pointing to renewed strength in the jobs and consumer markets.

Mr. Harker said the Fed is likely to wait until early next year to determine whether its rapid rate hikes over the past 20 months have been enough to tame inflation. "This is a time when we should wait a bit and the pause may or may not be extended," he said. But it remains to be seen how things play out in the coming months.

Federal Reserve Governor Christopher Waller said Wednesday that the central bank can wait and gather more economic data to see if the U.S. economy continues to strengthen or weaken before deciding whether it needs to raise interest rates further. Some analysts believe that this is a strong signal from Waller, indicating that the Fed will not raise interest rates at the next meeting, but it is likely to raise interest rates later.

At the same time, New York Fed President John Williams said in a speech on the same day that interest rates must remain at restrictive levels for some time to allow inflation to reach policymakers' target. "We're going to stay the course to make sure that we actually achieve the 2 percent sustainable growth target," Williams said in a speech at Queens College in New York.

As investors continued to sell, chip stocks such as Nvidia and AMD performed poorly for two consecutive trading days, with Nvidia closing down nearly 4% and AMD down nearly 3%. The US Department of Commerce has previously announced plans to tighten restrictions on the sale of artificial intelligence (AI) chips to China.

Netflix Inc., the leading streaming video and television platform, reported third-quarter earnings after the bell on Wednesday, as a crackdown on shared accounts and an advertising subscription plan combined to drive a surge in subscribers, prompting shares to rise more than 12 percent after hours.

Tesla announced the third quarter earnings report, revenue, profit and gross margin are lower than market expectations, coupled with CEO Musk in the French conference on the scheduled delivery of electric pickup Cybertruck at the end of November, said that the new car in the mass production of 12 to 18 months after the opportunity to bring significant positive cash flow. And stressed that Tesla will continue to cut prices, the stock fell more than 7% after hours on Wednesday (18).

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Key option active

$Meta Platforms, Inc.(META)$ will release its earnings after the close of trading on October 25. Since the beginning of the year, META has achieved a return of more than 140%, reaching a new high for the year in October. META's advertising business was undervalued in Q2 and is expected to beat expectations in Q3, as Meta is the biggest beneficiary of the TikTok ban. On Wednesday, META options order movements all pointed to a bullish strategy and the total turnover exceeded 20 million:

1 buy $META 20231117 305.0 CALL$

2 sell $META 20231117 305.0 PUT$

FANNG option active

$Apple(AAPL)$ Long PUT order $AAPL 20240920 145.0 PUT$

$Amazon.com(AMZN)$ Recent bottom order $AMZN 20231027 129.0 PUT$

$NVIDIA Corp(NVDA)$ options transaction shows that options expiring this week are dominated by in-the-money options bearish

Option buyer open position (Single leg)

Buy TOP T/O:

$META 20231117 305.0 CALL$ $MRK 20231020 110.0 PUT$

Buy TOP Vol:

$MMM 20231020 95.0 PUT$ $MRK 20231020 110.0 PUT$

Note: This image data is from Tiger PC. This screening is a significant buy open position for options contracts in the market. The purchase of a call option means that the trader believes that the underlying has upward momentum, and the purchase of a put option means that the trader believes that the underlying has downward momentum. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.

Option seller open position (Single leg)

Sell TOP T/O:

$META 20231117 305.0 PUT$ $ABNB 20231020 135.0 PUT$

Sell TOP Vol:

$WBD 20231201 8.5 PUT$ $CHPT 20231027 3.5 CALL$

Note: This image data is from Tiger PC. This screen is a significant sell open position for an option contract in the market. A sell of a call option means that the trader believes that the underlying trend has peaked, and a sell of a put option means that the trader believes that the underlying trend has bottomed. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.

Options portfolio open position

Note: This image data is from Tiger PC. This screening is a significant portfolio of options contracts in the market. Portfolio opening includes a variety of underlying trends, requiring traders to further master the basic knowledge of options for analysis and judgment.