• FrankieRedFrankieRed
      ·18:53
      Good to know
      2Comment
      Report
    • EliteOptionsTraderEliteOptionsTrader
      ·15:05

      Trading Strategies: NVDA, MSTR, COIN& .SPX

      Hello everyone! Today i want to share some trading strategies with you!1. $S&P 500(.SPX)$ break out above 5300 today.. moved up 25 pts.. if it gets through 5332 we can see 5400 by Friday depending on $NVIDIA Corp(NVDA)$ earnings $Lam Research(LRCX)$ setting up for 1000 next, needs to close above 950+ if it reclaims 69k it can run to 75k.. $Coinbase Global, Inc.(COIN)$ to 224 next.. After a 3.5 month consolidation it's back above the previous all time high at 69k.. Bitcoin to 88k will come this summer if it holds 69k over the next 3 weeks 🚀📈 $MicroStrategy(MSTR)$ setting up
      234Comment
      Report
      Trading Strategies: NVDA, MSTR, COIN& .SPX
    • Selling For PremiumSelling For Premium
      ·14:13

      Option Strategies: BTC, ZM, TOL& PANW

      Hello everyone! Today I want to share some option stratgies with you!1.Here is our optionselling trade on $Zoom(ZM)$ heading into earnings today. Sold two difference strangles - May 24 exp - 55p & 78c, 58p & 78c. Am thinking of rolling the 78c strike down to 75c on one of the trades.Image2.Per the optionselling plan ... here we go ... moved up the strike on $Palo Alto Networks(PANW)$ . 270 is below the expected move range, but who knows if this will drop big like last time. That said, there does seem to be a support floor around that 260-270 range. STO May 24 expiration 270 strike putsImageImageImage3. $Zoom(ZM)$ trades worked out beautifully. Will close both
      268Comment
      Report
      Option Strategies: BTC, ZM, TOL& PANW
    • OptionsBBOptionsBB
      ·00:34

      Bullish Stance for May, Small Caps See Amplified Volatility

      Investors awaited Nvidia's latest earnings report, as well as the release of the Federal Reserve's latest policy meeting minutes later this week, which could test whether last week's record rally in stocks has legs to continue after April's meeting hinted at a hawkish pivot.Options market data pointed to a bullish view on the S&P 500 for May, with expectations for the index to hold above 520. Upside remained priced in for QQQ, with a 1.7% rally anticipated by May 24 expiration. For small-caps, bullish flows persisted in the Russell 2000, pricing in an 8% rally by July.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest decline -9.0% over the past 5 days. Open put contracts fell -19.0% over the same period.For call options, the
      5.45K2
      Report
      Bullish Stance for May, Small Caps See Amplified Volatility
    • OptionsDeltaOptionsDelta
      ·05-20 22:56

      Time to copy the homework

      $NVIDIA Corp(NVDA)$ Summarizing option flows across the semi space yields mixed signals - two bullish, one bearish. But looking at broader index flows, the bias seems tilted towards strength. Let's assume NVDA's earnings are unlikely to disappoint.With expected earnings move around 7.5% and ATM implied vol around 4.4%, calls look richly priced, so put selling is preferred. Any strike below 850 seems a safe zone.AMD: Large buy in the $AMD 20240524 175 CALL, clear bullish tiltSOXX: Large buy in the $SOXX 20240621 220 PUTS$, clear bearish viewSOXL: Large buy in the $SOXL 20240524 44.5 CALL$ , an aggressive bullish bet. Notably, this large buyer swept up calls right at Friday's intra
      11.66K2
      Report
      Time to copy the homework
    • EliteOptionsTraderEliteOptionsTrader
      ·05-20 20:35

      Elite Options #Watchlist

      Elite Options #Watchlist $Advanced Micro Devices(AMD)$ 170C above $164 | Target to $170 | SL: $161 $MicroStrategy(MSTR)$ 1750C above $1580 | Target to 1744 | SL: $1550 $S&P 500(.SPX)$ May 24 5350C > 5300 | Target to 5350 $S&P 500(.SPX)$ May 24 5200P < 5264 |Target to 5200Read more>> Bullish Momentum: NVDA, AMD, MSTR& .SPXImage
      5101
      Report
      Elite Options #Watchlist
    • EliteOptionsTraderEliteOptionsTrader
      ·05-20 10:20

      Bullish Momentum: NVDA, AMD, MSTR& .SPX

      Hello everyone! Today I want to share some trading strategies with u!1.The big catalyst for next week is $NVIDIA Corp(NVDA)$ earnings. If you can sit on your hands until Thursday morning you can get paid later this week. You don't need a moving average, a fibonacci line, or a financial advisor to figure this out. Be patient and wait for momentum after NVDA earnings.I'm up over $3M from trading NVDA this year...When $NVIDIA Corp(NVDA)$ broke 500 i ripped $1M that same week.. Earnings coming up on Wednesday.. There's one big level if NVDA holds above after earnings that can send it to 1050-1070 by June. I'm going to tell you my exact plan tonight2. $Advanced Micro Devic
      1.25K3
      Report
      Bullish Momentum: NVDA, AMD, MSTR& .SPX
    • Selling For PremiumSelling For Premium
      ·05-20 09:45

      Trading Strategies: SHOP, AMZN, BITO, MU, ZM& .SPX

      Hello everyone! Today I want to share some option stratgies with you!1.Executed the $Zoom(ZM)$ optionselling trade today instead of on Monday. Might add to position if ZM drops on Monday. Sold-to-open the May 24 expiration 55 strike puts.Image2.Sneaking in a last-minute optionselling trade before the weekend. - STO $Shopify(SHOP)$ May 24 exp 57 strike putsImage3.Some things never change. $Zoom(ZM)$ has a very similar set-up from its last earnings call heading into this earnings call on Monday. Rather than posting new info, we'll just regurgitate our old post since the optionselling trade is basically the same. We already sold the 55p on Friday and will look to sell t
      969Comment
      Report
      Trading Strategies: SHOP, AMZN, BITO, MU, ZM& .SPX
    • Alex Puffin On Two SmokesAlex Puffin On Two Smokes
      ·05-18 21:26
      Hmm I need guidance 
      1Comment
      Report
    • OptionsBBOptionsBB
      ·05-17

      Large Caps Search for Direction, Small Caps Remain Bullish

      Investors turned more cautious on rate cut expectations, leaving indexes roughly flat as bets on Fed easing unwound, driving a pullback in risk assets. Meanwhile, the meme stock frenzy saw another twist, with GameStop and AMC Entertainment giving back some of their recent gains.Friday, May 17th marked the monthly options expiration. SPY and QQQ saw heavy volume focused on settling this week's expiring contracts. For small-caps, bullish flows continued in the Russell 2000, with expectations capping upside below 12.9% by year-end.Details:The S&P 500 ETF (SPY) saw open call interest rise 0.8% over the past 5 days. Open put contracts increased 0.4% over the same period.For call options, the most actively traded was the $SPY 202405
      17.48K5
      Report
      Large Caps Search for Direction, Small Caps Remain Bullish
    • OptionsDeltaOptionsDelta
      ·05-17

      Lottery Ticket Opportunity Recommendations

      $GameStop(GME)$ The last post mentioned dealers exiting, but not fully. They took profits on the weeklies, but still have longer-dated positions like the $GME 20241018 13 CALL$ .This October 18 expiry 13 strike call - why am I confident it's dealer positioning? Over 3,000 contracts is not an insignificant amount. At let's say $3 per contract, that's $9 million in premium. While longer-dated, the strike is still at-the-money and tradeable.For a typical buy-to-open, you'd expect either a single large block trade or the 3,000 lots accumulated rapidly within a short time window across a burst of smaller prints.However, when I scan for prints of that size - nothing. I had to keep lowering
      31.29K5
      Report
      Lottery Ticket Opportunity Recommendations
    • Twelve_ETwelve_E
      ·05-17

      Experiencing the Allure of Options Trading| MU & NVDA Call

      Personal Milestone: 20240516 marks a memorable day for me as I placed my first-ever options trade. With a bullish outlook on $Micron Technology(MU)$ and $NVIDIA Corp(NVDA)$ , I ventured into the options market. Trade Details:Trade Execution: After market opened at 9:30 ET on the 16th, I purchased MU options contracts set to expire on 24th June, with a strike price of $140, labeled "MU 20240624 140.CaLL."Purchased 2 $NVIDIA Corp(NVDA)$ call contracts set to expire on 24th june, with a strike price of $960, Contract cost $40.9625Confidence Level: I had a strong conviction about the short-term target price, which was a key factor in my decision to trade.Transaction Su
      2.17K6
      Report
      Experiencing the Allure of Options Trading| MU & NVDA Call
    • EliteOptionsTraderEliteOptionsTrader
      ·05-17

      Trading Stratgies: MSFT, META, QQQ, .SPX& COIN

      Hello everyone! Today i want to share some trading strategies with u! 1. $S&P 500(.SPX)$ 5300C moved from $15 to $46+ (+206%) on the 5200 break with 6 days to go 🚀 Next Target: 5400🎯 Anyone catch the move to the 5300 target? ✅2. $S&P 500(.SPX)$ consolidation day above 5300.. SPX moved 100+ pts the past 2 days so we're seeing a bullish consolidation today.. SPX 5332 still in play tomorrow $NVIDIA Corp(NVDA)$ watch that 954 resistance for tomorrow above can run to 971 $Meta Platforms, Inc.(META)$ if it holds 474 we can see 500 by the end of the month3.Trade plan for Friday ✅
      3641
      Report
      Trading Stratgies: MSFT, META, QQQ, .SPX& COIN
    • OptionsBBOptionsBB
      ·05-17

      Upside Room Continues Opening, Markets Bullish for May

      Investors awaited comments from Fed officials for clues on the next policy moves, after the previous day's mild inflation report fueled rate cut hopes and drove major indexes to fresh record highs.Options market data suggested a positive view on the S&P 500 for May, though longer-dated butterflies spreads pointed to a gradual bearish shift. Upside room kept expanding in QQQ, with expectations for a 2.2% rally priced in by late May. For small-caps, bullish flows continued in the Russell 2000, with expectations for a 1.2% rally by month-end.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest rise 2.4% over the past 5 days. Open put contracts increased 5.6% over the same period.For call options, investors sold the most
      4.04K2
      Report
      Upside Room Continues Opening, Markets Bullish for May
    • OptionsDeltaOptionsDelta
      ·05-16

      5/16 GME Option Flow Tracker: No Chance of Recovery, Market Makers Abandoning Ship

      Cutting straight to the chase, let's look at the top closing trades today:$GME 20240517 12 CALL$  -20,263 lots$GME 20240517 11 CALL$  -11,588 lots$GME 20240517 15 CALL$  -6,295 lotsYes, that's right - the suspected market maker positions I highlighted in my first post, those weekly 11 and 12 strikes, were closed out today. We can declare this week's upside ambitions officially over, and the field has been ceded to the bears.Looking at put open interest, strikes are concentrated heavily below $20. This needs to be viewed in context with the remaining call OI:Based on the current call OI distribut
      10.58K3
      Report
      5/16 GME Option Flow Tracker: No Chance of Recovery, Market Makers Abandoning Ship
    • Selling For PremiumSelling For Premium
      ·05-16

      Option Strategies: AMD, TTWO& UAA

      Hello everyone! Today i want to share some option strategies with u!1. $Under Armour Class A(UAA)$ releases earnings before market open on Thursday. Zooming out to the weekly chart, we can clearly see that UAA has reached a very low point in its price history. If you look closely, you'll see that UAA has been consolidating on the weekly chart around the 6.5 level. Expected move isn't that big for earnings ... ~7.5%. We don't typically sell strikes so close to ATM on a pre-earnings trade, but the R/R seems worth the gamble on UAA based on the weekly chart. We're contemplating an optionselling order for the May 31 expiration 6.5 strike put. The risk here is assignment of UAA shares at 6.5 and bagholding a loss if the stock price were to break and sta
      568Comment
      Report
      Option Strategies: AMD, TTWO& UAA
    • OptionsBBOptionsBB
      ·05-16

      Upbeat CPI Lifts Market Sentiment, Small Caps Remain Bullish

      The latest U.S. data releases showed April CPI and retail sales cooled, with the CPI report prompting markets to price in a faster pace of Fed rate cuts this year.Options market data suggested a continued positive outlook for the S&P 500, though longer-dated put buying remained. Upside room kept expanding in QQQ, with expectations for a rally over 1.3% priced in by May 20 expiration. For small-caps, bullish flows continued in the Russell 2000, with expectations for the index to hold above 210 through June 21.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest rise 0.9% over the past 5 days. Open put contracts increased 1.7% over the same period.For call options, investors sold the most
      5.08K4
      Report
      Upbeat CPI Lifts Market Sentiment, Small Caps Remain Bullish
    • OptionsDeltaOptionsDelta
      ·05-15

      5/15 GME & AMC Option Flow Tracker: Longs Retreating

      tl;dr: There are signs of long capitulation in GME options this week.News segment first: The Bond King Bill Gross loudly proclaimed that the best trade in GME right now is to short the 400% option implied volatility.According to Bloomberg, Gross's strategy was to sell GME option straddles, simultaneously selling the 40 strike calls and puts. If GME closes between $18-62 on Friday, Gross profits, with max gain of $2,200 if it closes right at $40. The report noted Gross employed a similar straddlesell in AMC, selling the 10 strike straddle.While the news details sound plausible, I couldn't find any direct confirmation from Gross himself on these specific trades. He only mentioned shorting volatility in general, not for any particular underlier. Moreover, my scans showed the largest GME 40 st
      30.63K4
      Report
      5/15 GME & AMC Option Flow Tracker: Longs Retreating
    • EliteOptionsTraderEliteOptionsTrader
      ·05-15

      Trading Strategies: NVDA, QQQ, .SPX, AMC& GME

      Hello everyone! Today I want to share some technical analysis with you!1. $NVIDIA Corp(NVDA)$ price action strong here before earnings.. 919 test should come in the next 2 days if it gets through we can see 935 It will watch 919.. BIG LEVEL to set up for 935-950 by Friday2. $S&P 500(.SPX)$ best to hold 5229 after CPI.. all time highs going to be in play $S&P 500(.SPX)$ all time highs coming tomorrow.. 3. $GameStop(GME)$ $AMC Entertainment(AMC)$ basing after the big gap up.. If GME can hold 47 it can run back ot to 65-70.4. $Invesco Q
      2.68KComment
      Report
      Trading Strategies: NVDA, QQQ, .SPX, AMC& GME
    • Selling For PremiumSelling For Premium
      ·05-15

      Option Strategies: MNDY, HUT& HD

      Hello everyone! Today I want to share some option analysis with you!1.Followed consumers on an optionselling post-earnings trade on $Home Depot(HD)$ . ▫️ STO May 17 exp 355/360 call credit spread HD just reported mixed results and did not have strong guidance.Image2.Here we go … optionselling1kchallenge back in play in our $1300 account. ▫️ STO $Hut 8 Mining Corp(HUT)$ June 14 exp $6 strike put Pre-earnings trade. Recent bottom near the 6 level. Willing to take assignment and then will 🛞 it.Image3.Executed the optionselling pre-earnings trade on $Monday.com Ltd.(MNDY)$ . STO May 17 expiration 125p & 250c strikes. Strangle.ImageFollow me to learn more about analy
      115Comment
      Report
      Option Strategies: MNDY, HUT& HD
    • EliteOptionsTraderEliteOptionsTrader
      ·15:05

      Trading Strategies: NVDA, MSTR, COIN& .SPX

      Hello everyone! Today i want to share some trading strategies with you!1. $S&P 500(.SPX)$ break out above 5300 today.. moved up 25 pts.. if it gets through 5332 we can see 5400 by Friday depending on $NVIDIA Corp(NVDA)$ earnings $Lam Research(LRCX)$ setting up for 1000 next, needs to close above 950+ if it reclaims 69k it can run to 75k.. $Coinbase Global, Inc.(COIN)$ to 224 next.. After a 3.5 month consolidation it's back above the previous all time high at 69k.. Bitcoin to 88k will come this summer if it holds 69k over the next 3 weeks 🚀📈 $MicroStrategy(MSTR)$ setting up
      234Comment
      Report
      Trading Strategies: NVDA, MSTR, COIN& .SPX
    • OptionsDeltaOptionsDelta
      ·05-20 22:56

      Time to copy the homework

      $NVIDIA Corp(NVDA)$ Summarizing option flows across the semi space yields mixed signals - two bullish, one bearish. But looking at broader index flows, the bias seems tilted towards strength. Let's assume NVDA's earnings are unlikely to disappoint.With expected earnings move around 7.5% and ATM implied vol around 4.4%, calls look richly priced, so put selling is preferred. Any strike below 850 seems a safe zone.AMD: Large buy in the $AMD 20240524 175 CALL, clear bullish tiltSOXX: Large buy in the $SOXX 20240621 220 PUTS$, clear bearish viewSOXL: Large buy in the $SOXL 20240524 44.5 CALL$ , an aggressive bullish bet. Notably, this large buyer swept up calls right at Friday's intra
      11.66K2
      Report
      Time to copy the homework
    • Selling For PremiumSelling For Premium
      ·14:13

      Option Strategies: BTC, ZM, TOL& PANW

      Hello everyone! Today I want to share some option stratgies with you!1.Here is our optionselling trade on $Zoom(ZM)$ heading into earnings today. Sold two difference strangles - May 24 exp - 55p & 78c, 58p & 78c. Am thinking of rolling the 78c strike down to 75c on one of the trades.Image2.Per the optionselling plan ... here we go ... moved up the strike on $Palo Alto Networks(PANW)$ . 270 is below the expected move range, but who knows if this will drop big like last time. That said, there does seem to be a support floor around that 260-270 range. STO May 24 expiration 270 strike putsImageImageImage3. $Zoom(ZM)$ trades worked out beautifully. Will close both
      268Comment
      Report
      Option Strategies: BTC, ZM, TOL& PANW
    • OptionsBBOptionsBB
      ·00:34

      Bullish Stance for May, Small Caps See Amplified Volatility

      Investors awaited Nvidia's latest earnings report, as well as the release of the Federal Reserve's latest policy meeting minutes later this week, which could test whether last week's record rally in stocks has legs to continue after April's meeting hinted at a hawkish pivot.Options market data pointed to a bullish view on the S&P 500 for May, with expectations for the index to hold above 520. Upside remained priced in for QQQ, with a 1.7% rally anticipated by May 24 expiration. For small-caps, bullish flows persisted in the Russell 2000, pricing in an 8% rally by July.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest decline -9.0% over the past 5 days. Open put contracts fell -19.0% over the same period.For call options, the
      5.45K2
      Report
      Bullish Stance for May, Small Caps See Amplified Volatility
    • FrankieRedFrankieRed
      ·18:53
      Good to know
      2Comment
      Report
    • Selling For PremiumSelling For Premium
      ·05-20 09:45

      Trading Strategies: SHOP, AMZN, BITO, MU, ZM& .SPX

      Hello everyone! Today I want to share some option stratgies with you!1.Executed the $Zoom(ZM)$ optionselling trade today instead of on Monday. Might add to position if ZM drops on Monday. Sold-to-open the May 24 expiration 55 strike puts.Image2.Sneaking in a last-minute optionselling trade before the weekend. - STO $Shopify(SHOP)$ May 24 exp 57 strike putsImage3.Some things never change. $Zoom(ZM)$ has a very similar set-up from its last earnings call heading into this earnings call on Monday. Rather than posting new info, we'll just regurgitate our old post since the optionselling trade is basically the same. We already sold the 55p on Friday and will look to sell t
      969Comment
      Report
      Trading Strategies: SHOP, AMZN, BITO, MU, ZM& .SPX
    • EliteOptionsTraderEliteOptionsTrader
      ·05-20 10:20

      Bullish Momentum: NVDA, AMD, MSTR& .SPX

      Hello everyone! Today I want to share some trading strategies with u!1.The big catalyst for next week is $NVIDIA Corp(NVDA)$ earnings. If you can sit on your hands until Thursday morning you can get paid later this week. You don't need a moving average, a fibonacci line, or a financial advisor to figure this out. Be patient and wait for momentum after NVDA earnings.I'm up over $3M from trading NVDA this year...When $NVIDIA Corp(NVDA)$ broke 500 i ripped $1M that same week.. Earnings coming up on Wednesday.. There's one big level if NVDA holds above after earnings that can send it to 1050-1070 by June. I'm going to tell you my exact plan tonight2. $Advanced Micro Devic
      1.25K3
      Report
      Bullish Momentum: NVDA, AMD, MSTR& .SPX
    • OptionsDeltaOptionsDelta
      ·05-17

      Lottery Ticket Opportunity Recommendations

      $GameStop(GME)$ The last post mentioned dealers exiting, but not fully. They took profits on the weeklies, but still have longer-dated positions like the $GME 20241018 13 CALL$ .This October 18 expiry 13 strike call - why am I confident it's dealer positioning? Over 3,000 contracts is not an insignificant amount. At let's say $3 per contract, that's $9 million in premium. While longer-dated, the strike is still at-the-money and tradeable.For a typical buy-to-open, you'd expect either a single large block trade or the 3,000 lots accumulated rapidly within a short time window across a burst of smaller prints.However, when I scan for prints of that size - nothing. I had to keep lowering
      31.29K5
      Report
      Lottery Ticket Opportunity Recommendations
    • EliteOptionsTraderEliteOptionsTrader
      ·05-20 20:35

      Elite Options #Watchlist

      Elite Options #Watchlist $Advanced Micro Devices(AMD)$ 170C above $164 | Target to $170 | SL: $161 $MicroStrategy(MSTR)$ 1750C above $1580 | Target to 1744 | SL: $1550 $S&P 500(.SPX)$ May 24 5350C > 5300 | Target to 5350 $S&P 500(.SPX)$ May 24 5200P < 5264 |Target to 5200Read more>> Bullish Momentum: NVDA, AMD, MSTR& .SPXImage
      5101
      Report
      Elite Options #Watchlist
    • OptionsBBOptionsBB
      ·05-17

      Large Caps Search for Direction, Small Caps Remain Bullish

      Investors turned more cautious on rate cut expectations, leaving indexes roughly flat as bets on Fed easing unwound, driving a pullback in risk assets. Meanwhile, the meme stock frenzy saw another twist, with GameStop and AMC Entertainment giving back some of their recent gains.Friday, May 17th marked the monthly options expiration. SPY and QQQ saw heavy volume focused on settling this week's expiring contracts. For small-caps, bullish flows continued in the Russell 2000, with expectations capping upside below 12.9% by year-end.Details:The S&P 500 ETF (SPY) saw open call interest rise 0.8% over the past 5 days. Open put contracts increased 0.4% over the same period.For call options, the most actively traded was the $SPY 202405
      17.48K5
      Report
      Large Caps Search for Direction, Small Caps Remain Bullish
    • Twelve_ETwelve_E
      ·05-17

      Experiencing the Allure of Options Trading| MU & NVDA Call

      Personal Milestone: 20240516 marks a memorable day for me as I placed my first-ever options trade. With a bullish outlook on $Micron Technology(MU)$ and $NVIDIA Corp(NVDA)$ , I ventured into the options market. Trade Details:Trade Execution: After market opened at 9:30 ET on the 16th, I purchased MU options contracts set to expire on 24th June, with a strike price of $140, labeled "MU 20240624 140.CaLL."Purchased 2 $NVIDIA Corp(NVDA)$ call contracts set to expire on 24th june, with a strike price of $960, Contract cost $40.9625Confidence Level: I had a strong conviction about the short-term target price, which was a key factor in my decision to trade.Transaction Su
      2.17K6
      Report
      Experiencing the Allure of Options Trading| MU & NVDA Call
    • OptionsBBOptionsBB
      ·05-17

      Upside Room Continues Opening, Markets Bullish for May

      Investors awaited comments from Fed officials for clues on the next policy moves, after the previous day's mild inflation report fueled rate cut hopes and drove major indexes to fresh record highs.Options market data suggested a positive view on the S&P 500 for May, though longer-dated butterflies spreads pointed to a gradual bearish shift. Upside room kept expanding in QQQ, with expectations for a 2.2% rally priced in by late May. For small-caps, bullish flows continued in the Russell 2000, with expectations for a 1.2% rally by month-end.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest rise 2.4% over the past 5 days. Open put contracts increased 5.6% over the same period.For call options, investors sold the most
      4.04K2
      Report
      Upside Room Continues Opening, Markets Bullish for May
    • OptionsDeltaOptionsDelta
      ·05-16

      5/16 GME Option Flow Tracker: No Chance of Recovery, Market Makers Abandoning Ship

      Cutting straight to the chase, let's look at the top closing trades today:$GME 20240517 12 CALL$  -20,263 lots$GME 20240517 11 CALL$  -11,588 lots$GME 20240517 15 CALL$  -6,295 lotsYes, that's right - the suspected market maker positions I highlighted in my first post, those weekly 11 and 12 strikes, were closed out today. We can declare this week's upside ambitions officially over, and the field has been ceded to the bears.Looking at put open interest, strikes are concentrated heavily below $20. This needs to be viewed in context with the remaining call OI:Based on the current call OI distribut
      10.58K3
      Report
      5/16 GME Option Flow Tracker: No Chance of Recovery, Market Makers Abandoning Ship
    • OptionsDeltaOptionsDelta
      ·05-15

      5/15 GME & AMC Option Flow Tracker: Longs Retreating

      tl;dr: There are signs of long capitulation in GME options this week.News segment first: The Bond King Bill Gross loudly proclaimed that the best trade in GME right now is to short the 400% option implied volatility.According to Bloomberg, Gross's strategy was to sell GME option straddles, simultaneously selling the 40 strike calls and puts. If GME closes between $18-62 on Friday, Gross profits, with max gain of $2,200 if it closes right at $40. The report noted Gross employed a similar straddlesell in AMC, selling the 10 strike straddle.While the news details sound plausible, I couldn't find any direct confirmation from Gross himself on these specific trades. He only mentioned shorting volatility in general, not for any particular underlier. Moreover, my scans showed the largest GME 40 st
      30.63K4
      Report
      5/15 GME & AMC Option Flow Tracker: Longs Retreating
    • OptionsBBOptionsBB
      ·05-16

      Upbeat CPI Lifts Market Sentiment, Small Caps Remain Bullish

      The latest U.S. data releases showed April CPI and retail sales cooled, with the CPI report prompting markets to price in a faster pace of Fed rate cuts this year.Options market data suggested a continued positive outlook for the S&P 500, though longer-dated put buying remained. Upside room kept expanding in QQQ, with expectations for a rally over 1.3% priced in by May 20 expiration. For small-caps, bullish flows continued in the Russell 2000, with expectations for the index to hold above 210 through June 21.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest rise 0.9% over the past 5 days. Open put contracts increased 1.7% over the same period.For call options, investors sold the most
      5.08K4
      Report
      Upbeat CPI Lifts Market Sentiment, Small Caps Remain Bullish
    • Alex Puffin On Two SmokesAlex Puffin On Two Smokes
      ·05-18 21:26
      Hmm I need guidance 
      1Comment
      Report
    • OptionsDeltaOptionsDelta
      ·05-14

      GME & AMC Option Flow Tracker

      GameStop (GME)On Monday, GME options ranked #9 in total trading volume across all stocks/ETFs with 689k contracts traded, up 74%. Notably, while call open interest grew just 8.4%, put OI spiked 84.3%!The trading data suggests Monday's premarket pop was driven by the underlying stock, as call options traded very cautiously - clearly failing to meet market makers' expectations. While put volume surged, there wasn't major initiation from a strike perspective.Top 3 calls opened:$GME 20240517 34 CALL$  +17,397$GME 20240621 40 CALL$  +4,727$GME 20240524 34 CALL$  +3,379While new strikes aren't capture
      17.85K4
      Report
      GME & AMC Option Flow Tracker
    • Selling For PremiumSelling For Premium
      ·05-16

      Option Strategies: AMD, TTWO& UAA

      Hello everyone! Today i want to share some option strategies with u!1. $Under Armour Class A(UAA)$ releases earnings before market open on Thursday. Zooming out to the weekly chart, we can clearly see that UAA has reached a very low point in its price history. If you look closely, you'll see that UAA has been consolidating on the weekly chart around the 6.5 level. Expected move isn't that big for earnings ... ~7.5%. We don't typically sell strikes so close to ATM on a pre-earnings trade, but the R/R seems worth the gamble on UAA based on the weekly chart. We're contemplating an optionselling order for the May 31 expiration 6.5 strike put. The risk here is assignment of UAA shares at 6.5 and bagholding a loss if the stock price were to break and sta
      568Comment
      Report
      Option Strategies: AMD, TTWO& UAA
    • EliteOptionsTraderEliteOptionsTrader
      ·05-17

      Trading Stratgies: MSFT, META, QQQ, .SPX& COIN

      Hello everyone! Today i want to share some trading strategies with u! 1. $S&P 500(.SPX)$ 5300C moved from $15 to $46+ (+206%) on the 5200 break with 6 days to go 🚀 Next Target: 5400🎯 Anyone catch the move to the 5300 target? ✅2. $S&P 500(.SPX)$ consolidation day above 5300.. SPX moved 100+ pts the past 2 days so we're seeing a bullish consolidation today.. SPX 5332 still in play tomorrow $NVIDIA Corp(NVDA)$ watch that 954 resistance for tomorrow above can run to 971 $Meta Platforms, Inc.(META)$ if it holds 474 we can see 500 by the end of the month3.Trade plan for Friday ✅
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      Trading Stratgies: MSFT, META, QQQ, .SPX& COIN
    • OptionsBBOptionsBB
      ·05-15

      Upside Opens Up Ahead of CPI, Downside Risk Diminishes

      Previous U.S. data releases showed persistently elevated inflation, leading markets to price in a slower pace of Fed rate cuts this year. Meanwhile, comments from Fed Chair Powell later on became the focus.Options market data suggested a more positive view on the S&P 500, with institutional positioning for the index to hold above 520 through June 14 expiration. Upside room continued to open up in QQQ. For the small-cap Russell 2000, there was room left for a 2.4% rally this week, while expectations capped downside below 2.4% by June 21.Details:The $SPDR S&P 500 ETF Trust(SPY)$ saw open call interest decline -0.3% over the past 5 days. Open put contracts rose 0.6% over the same period.For call options, investors sold the most
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      Upside Opens Up Ahead of CPI, Downside Risk Diminishes