11/25 Recap

The SPY and QQQ both sold off all day long, the SPY, below, looks a tad better as it is still decisively over the 8 ema. Nothing to be concerned with yet, but it is a short week and the market needs to make a new closing high here soon or this is a double top.

The DXY is still over 107, markets are completely diverging from historical norms when the dollar rises 7% in 2 months and stocks also rise to all time highs. This is especially surprising considering how hard the small cap names are running and those usually get hit hard by a move like this in the DXY.

Recent Trades

SAVA - Down 85% today after their readout, I noted a few put buys on 10/31 here and slightly missed my guesstimate of -90% if it didn’t work out. This went from 27 to 4 today and you can see it was alot of put buying beforehand.

Today’s Unusual Options Activity

Here is today’s link to the database, as always it will be open until tomorrow and the opening bell. The rest of today’s trades will be added by the afternoon. Once again there were just way too many call buys to all fit in one screengrab of my table so just utilize the link below to search all today’s action.