5/24 Recap

Pretty slow session into the long weekend. We got some strong consumer sentiment numbers today and rallied back from yesterday’s weakness over the China encircling Taiwan panic. Whether China invades at some point is a whole different topic, this just seemed like a show of strength thing and nothing material at this moment. Momentum continues to weaken on the SPY and with the market closed monday for a holiday weekend, a selloff into the close wouldn’t shock me. Typically most don’t like holding much into a long break. For now though things like ok with us just over the 8 ema. The bigger concern for me is the momentum going lower, we need to watch this next week but this isn’t looking great for more upside short term.

Recent Trades

FLYW was one I highlighted 2 sessions back when 1150 of the June 17.50 calls came in, it’s up 6% since to 18.32 right now and I don’t see any news. The chart was looking solid, another lucky timing trade from whoever put this on. These calls are up 50% in 2 days.

Trends

1 Week

2 Week

1 Month

Today’s Unusual Options Activity

Here it today’s link to the database, because of the long holiday weekend, the link will expire tuesday morning at the open. I will have the rest of the trades added throughout the afternoon.