12/17 Recap

The SPY opened below the 8 ema for the first time in almost a month. That’s your first sign of caution. Look where the 21 ema is, everyone is bulled up thinking tomorrow’s rate cuts mean everything goes up, you have to think all of that is priced in at this point. Today was the first time in a while you saw weakness in the leaders of the last month TSLA,PLTR,etc. It definitely would catch a lot of people off guard if these names selloff into year end as everyone is sitting around waiting to sell in early January. Just be careful, the signs of caution are mounting.

Recent Trades

NET - On 11/24 I wrote up NET as my weekend best idea Link. The stock is up almost 20% in the 3 weeks since but more importantly I wanted to show you this post from the discord from someone who took the idea I had on the 2026 risk reversal and did his own thing using a 1x2 selling 1 put and buying 2 calls. His trade is up 653% in a month. That’s the thing here, I try to point out a name and a direction based off a chart and option flow, but the thing you will see in the discord is a lot of sharp people have their own ways of trading based on your level of aggressiveness desired. This was an incredible way of turning a near 20% move into a 650% trade.

Today’s Unusual Options Activity

Here is today’s link to the database, it will be up until the opening bell tomorrow. I am on a vacation with the family the next couple days so I will update the database it just might be later in the afternoon when we come back to the room, sorry again.