The biggest market turning point of the week is coming

If last Friday's market surge was mainly a tearful checkout for the shorts, then this week is a checkout for each of the shorts and the bulls.

I reflected on the biggest problem last Friday, the pre-market has actually happened to force a short squeeze, the stocks that should be down did not plunge, then the next is the horror of the long counterattack.

But the sustainability of the shorting is open to question, especially this week and the FOMC.

Part of the reason for the short squeeze on Friday was that Apple's earnings report was not as bad as expected, and on the other hand, the monthly rights expired, and there were shorts taking the initiative to close the bill and leave the market. So the FOMC before the market will not come out of a clear direction. The biggest opportunity is still the earnings report.

But there is a big difference between the indices. For example, the Nasdaq is still shaping up at the bottom, the Dow$DIA(DIA)$ has been one step ahead of the fast rally back to the August highs, and there are already options to start laying out the put:

It is conceivable that the movements of the three major indices will also diverge further after the FOMC this week, but the Dow is close to topping out.

Earnings Reports.

$AMD(AMD)$ Typical put option order. put cheap, odds are right

$Uber(UBER)$ Service industry leading company, but suffering from employee hiring bill may greatly enhance costs, adverse to earnings earnings expectations, but because of the big drop not long ago, so compared to AMD big drop is expected to be weaker, you can buy some put as a lottery ticket.

$Electronic Arts(EA)$ also has a big order in betting on cheapput.

$Airbnb, Inc.(ABNB)$ The travel industry is booming and civil aviation earnings all beat expectations by a large margin, there is no reason not to be bullish on B&B, which can be a small bet.

# Options Hub

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment464

  • Top
  • Latest
  • All in Tesla
    ·2022-11-02
    The big swing is coming 🤔
    Reply
    Report
    Fold Replies
    • BettyT
      Oh ya
      2022-11-03
      Reply
      Report
    • TyroneTy
      [Smile]
      2022-11-02
      Reply
      Report
  • ecneralc
    ·2022-11-02
    thank you for this
    Reply
    Report
  • 苗派
    ·2022-11-02
    Swing Up please 😞
    Reply
    Report
    Fold Replies
    • jijimo
      [Sad]
      2022-11-02
      Reply
      Report
    • jerwy
      ok
      2022-11-02
      Reply
      Report
  • ferwih
    ·2022-11-02
    nice info
    Reply
    Report
  • Feijoa8025
    ·2022-11-02
    Wish so, lets hope market is starting to recover !
    Reply
    Report
  • ValuInvestor
    ·2022-11-02
    Turbulent times
    Reply
    Report
  • yeoldCK
    ·2022-11-02
    Is this a right timing?
    Reply
    Report
    Fold Replies
    • Pepermintpat
      It’s great timing whichever way you look[Smile]
      2022-11-02
      Reply
      Report
  • Epee
    ·2022-11-02
    Thanks for sharing!
    Reply
    Report
  • AlexTeddySG
    ·2022-11-02
    Uber and Airbnb preditions dint go well. Am I right?
    Another point, there will be clarity post FOMC and market going to take it positive with a quick big leap. I hope wednesday and thursday will be bullish and friday will fade with mid-terms in pipe next week. Next week probably a mini crash …
    Reply
    Report
  • 不错的分享
    Reply
    Report
  • MARYGOH
    ·2022-11-02
    👌👍 thanks for sharing
    Reply
    Report
  • cloudostrich
    ·2022-11-02
    about bloody time.... lets gooo
    Reply
    Report
    Fold Replies
  • Ac85
    ·2022-11-02
    thanks for sharing
    Reply
    Report
  • SandDust
    ·2022-11-02
    Oil is the only worthy investment now
    Reply
    Report
  • yapdianhao
    ·2022-11-03
    Just leaving comment here, nothing to say
    Reply
    Report
  • Jerryoic
    ·2022-11-04
    good
    Reply
    Report
  • JEtrader
    ·2022-11-04
    K
    Reply
    Report
  • Krictique
    ·2022-11-03
    👍
    Reply
    Report
  • skippyeffect
    ·2022-11-03
    [smile]
    Reply
    Report
  • Nay88
    ·2022-11-03
    Ok
    Reply
    Report