To The Moon

After a big bounce, there is a sound of short. But the market seems to be waiting for a trigger. What could it be?

Let me remind that there are 2 trillion dollars of options expire tonight.

In next two weeks: Tesla share split; Powell will speak at Jackson Hall annual meeting; US non-farm and a series of August economic data will release in early September.

Apple will launch the iPhone14 on September 7th .Apple share has been rising for six consecutive weeks, and it is highly probable that it will also close up this week. Before FOMC in September, the U.S. CPI for August will release, and some Fed officers will speak.

There are many opportunities in the next few weeks, especially in September.

This week, S&P 500 fell back to the range of 4200-4300, when it was blocked in the position of daily MA200. S&P 500 will challenge the position again.

If it fails, it will return to the range. Will it fall? Very neutral, the current quotation is strong. However, if anything triggers the callback next week, the first target is probably around $4150.Two trillions options expire tonight, of more than 900 billions are related to the S&P index. Does it have a big swing? We'll see.​Nasdaq rebounded the most fiercely in this round, with the bottom rebounding by nearly 25%. But it is still far from the daily MA200 and the weekly MA50. This week, it challenges 13,000 points.​It is worth noting that QQQ has issued a large PUT orders in the past two days. Especially on August 17th, millions of orders bought its PUT which expire in September. And Call/Put Ratio also reached a low level. There are two situations, one is that the market has risen more in the short term, and some investors made hedging strategies through QQQ PUT. The other is simply thinking that it will fall in a month.

From the exercise prices of large single orders, it is a very conservative price, even an in-the-money PUT, which shows that these orders are not looking at a sharp drop, but look more like hedging or position protection. If you speculate, you can follow the PUTs expire Sep 16th or Sep 30th.​Take a look at the small-cap stock index ETF$iShares Russell 2000 ETF(IWM)$.

After breaking through the annual price of $200, the callback failed to break through. Call/Put Ratio reached the low point of 0.24.APPLE KING, as the guardian of the market, has a high probability of gaining for 7 weeks. ​$Apple(AAPL)$ the share broke through a key trend this week. It depends on whether the position is fixed.Apple's option orders are too large, which is not easy to analyze. However, there are millions orders of ATM options combos, which are straggle strategies and put spreads. It seems that share price fluctuations or step back, but there is no clear signal of sharply drop.

Apple will release the new iPhone14 on September 7th. According to the history, share price always go up before the conference. And share price drop in the conference. I don't know how to go this year.

​$Tesla Motors(TSLA)$ Although the share split around the corner, it doesn't seem to give the signal to rally. It is more like to lock the price in a range around $900.​I hold Sell Put and Sell Call on TSLA expire tonight.

Although Tesla's Call options are much more than Puts, the exercise prices of Call are all deep ITM(780-800), while the exercise prices of Put options are close to the current share price. I will Sell Put due next week (around $800) at the right time, but I will not Sell Call again. I am not sure whether Tesla will soar after share split.​