To The Moon

This week, the market is focused on the earnings of tech giants. The 10-year US bond rate, the "anchor of global asset pricing", recently broke the important 5 per cent mark for the first time in intraday trading, hitting its highest level since 2007. It is worth noting that the strong economy is still pushing up U.S. bond rates, and many institutions believe that they will not see a significant decline in U.S. bond rates this year.

The results of the surge in US Treasuries were quickly reflected in the markets. The S&P 500 is down about 7 percent from its high for the year as the fixed income offered by U.S. government bonds lured investors away from stocks.

Wall Street continues to report corporate earnings this week, the most concerned is undoubtedly Microsoft, Amazon, Alphabet and Meta and other technology giants and heavyweight enterprises, will release quarterly financial results. Economic data focused on the first estimate of U.S. second-quarter GDP and the Personal consumption Expenditures (PCE) price index.

Wedbush analyst Dan Ives said in a note that with Alphabet and Meta set to report third-quarter earnings, he expects both companies to benefit from digital advertising growth. Ives reiterated his "outperform" rating on Alphabet and Meta shares, noting that the outlook for digital advertising in the second half of 2023 remains "positive" even in the face of general economic uncertainty.

Michael Wilson, a prominent Wall Street bear and chief U.S. equity strategist at Morgan Stanley, said the likelihood of a year-end rally for U.S. stocks is fading because of a variety of risks, including lower earnings expectations and Federal Reserve tightening.

Wilson said a combination of earnings, valuations and the policy outlook would make it difficult for the S&P 500 to get back above 4,300 to 4,400. The strategist's year-end target of 3,900 is still 8 percent downside from current levels.

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FANNG option active

$Apple(AAPL)$ Institutional selling of medium and long-term puts: $AAPL 20231201 160.0 PUT$

$Tesla Motors(TSLA)$ The pressure above the stock price is greater, and the institution opens the bear market call spread strategy:

• sell $TSLA 20231110 230.0 CALL$

• buy $TSLA 20231110 240.0 CALL$

Option buyer open position (Single leg)

Buy TOP T/O:

$LRCX 20240119 600.0 PUT$ $GOOGL 20250117 130.0 PUT$

Buy TOP Vol:

$UAL 20250117 23.0 PUT$ $TEVA 20231117 7.0 PUT$

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:

$TSLA 20231027 225.0 CALL$ $AAPL 20231103 172.5 PUT$

Sell TOP Vol:

$CHPT 20231027 3.0 PUT$ $TSLA 20231027 225.0 CALL$

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.