To The Moon

Technology stocks rose strongly as investors awaited Apple's results, with the S&P and Nasdaq bouncing back from a correction last week and Tesla falling below $200 a share for the first time since early June.

After a busy week of earnings from big tech giants, the market will be focused on three major events this week: the latest Fed interest rate policy decision, Apple earnings and non-farm payrolls.

The Fed, which has raised rates 11 times since it began tightening policy in March 2022, is widely expected to hold rates steady this week for a second straight pause, with the central bank expected to finish raising rates at least through 2023.

The rate on the 10-year Treasury began to jump above 5 percent last week, but was trading around 4.89 percent on Monday. The October nonfarm payrolls report is due on Friday, and investors are hoping that a slowing labor market will give the Fed comfort to stay its hand for the rest of the year.

Apple reports earnings after the bell on Thursday, and iPhone sales will be a key focus. The stock is currently in the midst of a correction, down about 15% from its 52-week high.

In addition, the market reported that General Motors and the United Auto Workers (UAW) reached a tentative agreement on Monday, the last of the three major U.S. automakers to reach a deal with the union to quell the wave of auto workers' strikes.

* 9:30 ~ 10:30 every day, real-time sharing of exclusive screening options large order, welcome to click to subscribe.

FANNG option active

Despite strong gains in technology stocks, institutions are pessimistic about future trends. FANNG options orders are mostly sold calls

To hedge against a potential rally after Tesla overfalls, institutions favor calendar strategies:

• sell $TSLA 20231110 200.0 CALL$

• buy $TSLA 20231201 200.0 CALL$

Option buyer open position (Single leg)

Buy TOP T/O:

$DG 20240517 120.0 PUT$ $CRM 20260116 200.0 PUT$

Buy TOP Vol:

$ZI 20231117 12.5 PUT$ $DISH 20260116 3.0 PUT$

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:

$TSLA 20260116 180.0 PUT$ $TSLA 20240216 170.0 PUT$

Sell TOP Vol:

$ETRN 20231117 9.0 CALL$ $ENVX 20240719 17.0 CALL$

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.