3/1 Recap

Alright everyone, I am sending this out 30 minutes early, today was a very slow session, option volumes were very low today as you can tell from the table below. I think markets hitting new highs daily is just spooking people thinking of putting on new positions. Nonetheless we continue to ride the 8 ema higher on the SPY and the trend is your friend. More interestingly the 21 ema crossed 500 today and the 50 day nears 490. Support is really building not far below should we pullback at some point.

Oil is putting in a strong weekly candle now just below $80. This has a very good look with room to 84 with ease.

TNX is breaking down as yields fall, this is part of why equities are driving higher.

Recent Trades

I don’t even know where to begin here. Say what you will about the totality of the names I post in the table daily, those are just names coming through my scans, but when I specifically highlight a name because it stands out to me, those names work out alot more than they do not. So many names I’ve highlighted recently are just flying today but I’m only going to highlight 3: SG is up 30% today and nearly 60% from where I highlighted it in the 1/22 Recap

Remember NTAP? I highlighted that earlier this week on 2/26 and it is up 23% today.

Those calls are up 10x in a week, someone in the discord mentioned taking them.

Yesterday, FMC which was also highlighted in the 2/26 recap was up 10% to $56+ .

My point is forget the overall list, look at the names I specifically highlight, those are the ones I deem the oddest of the session. If and when you see something that looks weird in the data I post, don’t ignore it but don’t think every single trade is going to work. Look for weird stuff, DELL had a very weird call buy into yesterdays print so so far out the money at 130 and it is up 27% today!

XEL, yesterday it had 2 put buys in the recap, today it is down 6%. CC had 2 call buys in yesterday’s recap and its up 5% today. Those are names that never trade options at all. Yes, many times a trade does not work, well, we do not know the intentions of the person placing it, maybe it did its job as a hedge, we do not know, but if something looks off to you or you see something repeatedly, think about it. That’s what the whole discord is for, bounce ideas with people, see what others think, there’s 700 of you in there, lots of very smart people can help you cultivate something you see into a trade.

Trends

1 Week

2 Week

1 Month

Today’s Unusual Options Activity

Here is the database access link for the weekend, it expires monday morning at the open. I will have the rest of today’s trades added by tonight.