4/24 Recap

I just wanted to start this by saying thank you to all the new people who came over the weekend, there was alot. I will explain what every section is and I post these recaps everyday Monday thru Thursday. Friday’s I just send out the unusual options flow and trends without the long write up because that’s my day off and Saturday is when I post my best idea for the week ahead followed up with either a list of strong charts for the week ahead or an earnings preview like I did this past week during earnings season. I try to get this out by 2 PM EST everyday so you still have 2 hours left in the market day if you want to act on any of the unusual options activity. I still log all trades after 2 PM and they will show up in trends and the database as I post trades from it, so don’t worry I don’t miss anything.

The market is looking weak right now, the MACD, circled in yellow is about to flip negative tomorrow or the following day. This huge bearish divergence has been unfolding for weeks. The market keeps rising as it is showing cracks. The trendline from the early April uptrend, the white line above, remains a spot where we bounced the last 2 sessions. This is the 3rd day in a row we tested below the 8 ema. Clearly, we are weakening. How big tech reacts to earnings this week will tell us more. If that trend breaks, look for the white line below, the October uptrend to be the next spot of support. If that breaks, that is when I would look to de-lever and ride a bearish trend for a bit. Until then I remain full speed ahead with a large hedge on just in case. I rarely hedge, but I placed this SPY put on in size Friday with the MACD looking to rollover, with how much leverage I utilize, it was the prudent move.

Today’s Unusual Options Flow & What Stood Out

Here I post all of today’s unusual options activity based on a multitude of parameters I set. All of these go into my database to build the trends you will see below. These trends help find big moves before they happen often. When funds are making big bets, while many can be hedges, I try to focus on my model on the total of the unusual activity to see divergences unfolding. This is the main purpose of this substack, the daily data and the trends associated. For me, the main focus is the puts sold column and the levels associated. The other trades very well could be hedges, there is never a way to know. I try to focus on the puts sold to see levels institutions are interested in being long at. That helps me when I’m looking to sell puts.

111 Trades Today