To The Moon

As the earnings season continued and US inflation data was revised, the S&P closed above the 5,000 level for the first time, another record high. The Nasdaq index broke through the 16,000 point mark during the session and peaked at 16,007.29 points, just a step away from the all-time high in November 2021. All three major averages rose for the fifth straight week and the 14th in 15 years. The S&P has not seen such a move since the end of March 1972. The last time the Dow and Nasdaq were in a similar situation was in the 1990s.

Bitcoin topped $47,000, sending blockchain stocks soaring. As AI optimism continues, Nvidia continues to hit new highs. Microsoft's market capitalization topped $3.1 trillion, surpassing Apple's previous record of $3 trillion.

Revisions to key US inflation data were in line with market expectations. The annual revision of the Consumer Price Index (CPI) released by the Labor Department's Bureau of Labor Statistics (BLS) showed that the CPI rose 0.2 percent in December, down from the initial estimate of 0.3 percent. But the November figure was revised up to 0.2 percent. The final rate of increase in the core CPI was unchanged at 3.3 percent in the fourth quarter, indicating that the easing of price pressures over the course of last year remains in effect and is unlikely to affect the Fed's monetary policy outlook.

$Pinterest, Inc.(PINS)$first-quarter revenue forecast slightly missed investor expectations and fell more than 10 percent after the market opened Friday, a sign that smaller social media platforms may be losing out to larger platforms in the battle for advertising dollars. The company said advertising spending from China and retailers was strong, but was partially offset by weakness in the food and beverage category. Option movements indicate large sell orders for put options:

$PINS 20240328 31.0 PUT$ $PINS 20240328 32.0 PUT$

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FANNG option active

$Amazon.com(AMZN)$ Sell CALL option $AMZN 20240216 182.5 CALL$

$Alphabet(GOOG)$ Sell PUT Option $GOOG 20240328 147.0 PUT$

$Meta Platforms, Inc.(META)$ Buy PUT options $META 20240328 460.0 PUT$

Option buyer open position (Single leg)

Buy TOP T/O:

$META 20240328 460.0 PUT$ $ARM 20260116 115.0 CALL$

Buy TOP Vol:

$WBD 20240322 7.5 PUT$ $TTWO 20240315 145.0 PUT$

Option seller open position (Single leg)

Sell TOP T/O:

$TTWO 20240621 165.0 CALL$ $TSM 20240621 130.0 PUT$

Sell TOP Vol:

$PINS 20240328 31.0 PUT$ $SPWR 20240315 4.0 CALL$

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.