12/5 Recap

Tomorrow morning we have NFP and with how hot we’ve run I would say it’s prudent to take off some short term positions if you’re concerned. I feel like a small move down to just tap the 8 ema would be healthy considering all we do is go up, but this market has been relentless. The IWM was a weak spot today and is currently breaking the 8 ema, small caps might be cooling off if that trend breaks. With the run they’ve had the last few weeks that wouldn’t surprise me. As crazy as this all feels, the market is only up 3% from where we opened after the Trump win a month ago.

Recent Trades

FIVE - In the 11/25 recap here I noted this risk reversal this player put on for a tiny creit. This had a monster move since going from 94 to 122 at the highs today. These January 115 calls printed hard. I would be cashing this one in today if you were involved, congratulations, excellent trade.

Today’s Unusual Options Activity

Here is today’s link to the database, as always this will be open until the opening bell tomorrow. Too many trades again so please use the link below it’s just impossible to post the table in here with a reasonable font size if the table exceeds 50 calls.