10/15 Recap

It’s monthly OPEX week and you’re getting some funky moves like the VIX up and stocks not getting hard. The VIX is 20+ and we’re still basically at all time highs, you can see the 8 ema just a hair below(dark blue line) and I’d imagine we have a date with that before friday. Today we got a big blow from ASML in Europe where their earnings were released a day early and showed bookings off by a mile at 2.36B vs estimates of 5.39B. That hit all the semis and the nasdaq in general as ASML is one of the 3 largest companies in Europe and a critical part of the AI trade, it is now down 16% on the session. That is a big move for a $300b+ company. How will that translate to the other Semi names and the AI trade in the coming weeks remains to be seen.

Recent Trades

KOLD - In the 10/7 Recap here I noted this weird risk reversal on this 2x short nat gas etf. In a week since this trade was placed, KOLD is up 11% and those calls at 60 have gone from 8.28 to $16 today even with KOLD down 4% today. They’re still in the open interest but if you took this I wouldn’t get too greedy as these 2x ETF can move very quickly in both directions.

Today’s Unusual Options Activity

Here is today’s link to the database as always it is open until tomorrow morning at the opening bell, the rest of today’s trades will be added to the database by the afternoon.