5/13 Recap

Ok this week is a week with a major catalyst, CPI on wednesday, so I won’t be discussing charts on the market just because there really is no point before such a thing. We will have a much better grasp of the direction of the market after CPI, I still recommend taking off anything you’re worried about short term before that.

Recent Trades

BILI is up 13.5% right now today. Last week on 5/9 I highlighted BILI after that player below placed that risk reversal. 3 sessions later and that risk reversal is up around 600% right now. This was an amazing trade, the structure was impeccable and the way it was executed for a credit is my calling card as you know from all the trade ideas I post everyday. This was a masterclass.

China in general has been on a tear, if you remember in the 1/29 recap almost 4 months ago I highlighted those YINN leaps and said they could be a “life changing” trade, well, here we are less than 4 months later and YINN commons are up nearly 100% and those leaps have gone up hundreds of percent. China isn’t my favorite long term investment, but as a trade, these names have been epic the last few months.

Trends

The most interesting thing with these trends is they catch big moves in areas you wouldn’t be looking at. Look at how C is the top trending name over the last month, it is up 9% this month, banks don’t really move like that, but they were all over Citi leading up to that move. BABA is up 20% this month, the whole point of these trends is to just to take the aggregate data of what is coming into the database and show you what is being bought and it really is doing a great job for those who just want a gauge on direction.

1 Week

2 Week

1 Month

Today’s Unusual Options Activity

Below is today’s link to the database, as always it will expire tomorrow morning at the open. The rest of today’s trades will be available in there by this afternoon so check back then.