4/27 Recap

What an interesting day, we obviously had META blowout numbers that were revised down umpteen times. The actual year over year numbers were terrible, but then again META is basically back to where it was a year ago so no harm. It was just overdone to the downside. The VIX completely reversed the move it had the other day up 20%. This market just seems like it can’t be cooled off. An awful GDP print and hot PCE this morning meant nothing. If you’re still bearish after all this, you have to question your thesis, the price action after reclaiming the uptrend this morning is telling you to stop. I did. I will detail that down below in what I did today. Thankfully the puts I bought Friday still worked out but a 2 day bear market wasn’t what I was looking for.

I don’t know where we close today, but for now, we are reclaiming the 8 day. This is clear strength, there’s nothing else to say, you look at yesterday’s candle and just marvel at how difficult being short is, everything was in place for lower and it reversed in a flash. On the bearish front, that prank call video came out where the kids tricked Powell into thinking he was talking with the Ukrainian President and he indicated more hikes were likely and it was necessary to cool the economy. So more bearish datapoints there.

Today’s Unusual Options Activity & What Stood Out

Do you all remember the period a couple weeks back where 4 days in a row someone was adding 5,000 daily META max strike calls out at 400 in December 2025. Those are up around 50% now. Insane.

Even looking back at yesterday’s recap, I try to look over the names the next day to see if anything happened. It looks like someone bought 1000 CROX weekly puts at 135 and it fell 20% today, someone in the discord mentioned they had those as a gamble and made a fortune, I mean congrats, that is gusty, I couldn’t but that is why I try to get this report out with time left in the day for you to do things like that.

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