Options Spy | Good news continues, institutions once again sold put options to buy the bottom BABA
The overall performance of US stocks in 2023 is strong, and the Dow Jones and S&P are expected to rise 13% and 24% respectively by the end of 2023, and the Nasdaq is expected to rise 44%. Traders are pricing in a more than 70 percent chance of a rate cut at the Fed's March meeting, according to CME's FedWatch tool. Expectations that the Fed could start cutting interest rates as early as March have pushed stocks to levels that some technical analysts say are overbought.
U.S. stocks are at the peak of the so-called "Christmas run," a period that includes the last five trading days of the year and the first two trading days of the New Year. Based on data from the Stock Trader's Almanac going back to 1950, the S&P has risen an average of about 1.3 percent over that period.
$Alibaba(BABA)$ Recently, Taobao and Jingdong have publicized the latest platform dispute handling rules and after-sales service management rules. It is clear that under certain conditions, consumers can initiate a refund to the merchant without returning, that is, "refund only" application. This means that the "refund only" rule, which was first launched by Pinduoduo, has become the common choice of China's three major e-commerce platforms. BABA saw a big sell put order: $BABA 20240126 69.0 PUT$
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FANNG option active
$Amazon.com(AMZN)$ Sell PUT option $AMZN 20240112 175.0 PUT$
$NVIDIA Corp(NVDA)$ Buy PUT Option $NVDA 20240202 495.0 PUT$
Option buyer open position (Single leg)
Buy TOP T/O:
$PEP 20240119 185.0 PUT$ $NKE 20231229 121.0 PUT$
Buy TOP Vol:
$TSLA 20240105 150.0 PUT$ $PTON 20250117 12.0 CALL$
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:
$CYTK 20240119 90.0 CALL$ $NKE 20240119 125.0 PUT$
Sell TOP Vol:
$CYTK 20240119 100.0 CALL$ $BABA 20240126 69.0 PUT$
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.
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