2/19/25 Recap

Sending this out a little early today. I will have the rest of today’s updates to the database by tonight. The SPY continues to display strength hovering over the 8 ema. The good news is the 200 day as you can see below has come up through the previous 565.16 breakout meaning all dips should be supported down to almost 270. This is a very resilient market, for the time being you can press your longs, we remain trending.

Recent Trades

APPN - In the 2/11 recap here I flagged these put sales on APPN for March expiry with the name around 33.50. This morning it gapped up to 38.41 rising 20% at the moment. These put sellers are almost always on the money, their success rate when selling these huge put blocks is very very high which is why I always try to flag them.

My Open Book

Nothing really material today, the one big trade I added was selling puts on META today below the 200 day. I wasn’t in META from when I cashed the position recently but as it nears a 21 ema test now, I thought it was time to get involved in the trade again, but lower.