11/11 Recap

The election winners continue to run. Bitcoin, Tesla, and Jails. The theme is simple, throw in the small caps where ARKK is now breaking out after being dead money for years. Look at ARKK below, small caps are roaring back and you don’t have to agree with it, I too think most of those names are junk, but the price action is the price action. ARKK looks headed right into that 200 week over 60 now. This Wednesday we have CPI as well.

The overall market remains well over the 8 ema, below, I wouldn’t be shocked to see a move down to the 8 ema because that is fairly natural when you’re this extended. Overall things are looking good right now, the market is enthusiastic about the new President and we continue to push higher, all pullbacks will be bought.

Recent Trades

MSTR - You don’t have to go far back, just friday to the recap where that player loaded 31,000 calls expiring this week at 290. MSTR is up 18% to nearly 320. These calls were bought for just under 6.50 on friday and traded as high as as 39 this morning. This was a ridiculous trade for 1 day, not often you can make 500% on this much size in 1 session but the meme market is back.

Today’s Unusual Options Activity

I’m not posting a table below today because I couldn’t there are way too many calls today to fit in a screengrab, the link is the best view to view it all. Here is today’s link to the database as always it will be open until the morning opening bell tomorrow. The rest of today’s action will be added by tonight.