To The Moon

News today:

The European Central Bank raised rates by 50 basis points. European stocks rallied, with ASML up 4%.

Tesla shares edged up 3 percent after the company posted mediocre results and maintained its guidance to deliver 50 percent growth.

Carnival Cruise Lines (CCL) issued 1 billion common shares, down 12%, hedging the day before the end of the epidemic prevention and control positive.

SAP fell 4 percent premarket after the European software giant cut its full-year operating profit guidance.

Nokia shares rose 8% after strong Q2 results.

Crude oil drops 4%.

Should I Buy Stock Now or Wait?

Last week finished writing "buy the bottom", I did not think the market can rise so crazy, is true to put different move to catch up with the rise.

This is a real case that I observed yesterday :$Teladoc Health Inc.(TDOC)$ , the first thing that comes to mind when you look at these two lists is put spread strategy, right?

But if you click on it, you'll find one of the put's that I talked about in a previous post:$TDOC 20220819 30.0 PUT$, Then the trader close the large order yesterday and bought new one: $TDOC 20220819 35.0 PUT$

The trader is still persistently putting TDOC, not quite understanding what kind of insider trading he has.

Similarly, there are plenty of stocks that should theoretically be bearish, such as e-commerce stocks like $Amazon.com(AMZN)$ , that instead of falling, have risen in tandem with the broader market.

Many people don't know what's behind the gains. In fact, many of the negative factors that took place in the first half of the year have been alleviated or solved recently:

• The pandemic no longer constrains supply chains
• Russia-ukraine conflict Nears end (Index: European Stocks surge)
• Inflation easing (Musk puts the timing at year-end)
• Crude oil prices fell sharply

Of course, what bothers the market right now is the little tail left by the above factors:

• GDP growth
• The recession
• layoffs

Historically, the market reaction is generally leading economic indicators. With the cause removed, recovery of symptoms seems to be just around the corner.

After six months of a bear market in U.S. stocks, the dizzying gains of the past few days have scared many people out of the car. So after the above analysis, I think now buy stocks instead of the first half of the need to worry about so much.

Of course, someone's problem is how to buy more stocks that go up. This one takes a little patience. In a bull market, all stocks go up. Also look at tech stocks, which have fallen much earlier and are already very cheap.

However, my bullish view seems to be the opposite of that of institutions in the market. Yesterday's options action saw a large number of newly opened put orders. Such as:

• ​$SQ 20220819 70.0 PUT$
• ​$SHOP 20220819 33.5 PUT$
• $C 20220729 52.0 PUT$
• ​$INTC 20220819 38.0 PUT$
• ​$IBM 20220819 135.0 PUT$

Even Tesla: $TSLA 20220729 650.0 PUT$

The big single above I only think IBM has a bit of truth, after all, earnings poor stock momentum is not enough, other seems to be incompatible with the atmosphere of the market.

Especially for Tesla, I was shocked when I saw these big orders yesterday, and I had not ordered for a long time.

While tesla's large orders are more accurate, I don't see any downside to predictability in my opinion. The committee next week? That should be bottom hunting, right?

It's also not without money bullish stocks, such as AMD, Apple, Netflix, and pins for following Snap's bullish trend.

While I'm also positive on Snap because of Netflix, I recommend getting out of the position ahead of time and waiting for earnings to come out

• ​$AMD 20221118 90.0 CALL$
• ​$AAPL 20221118 155.0 CALL$
• ​$NFLX 20221021 230.0 CALL$