6/17/26 Recap

I’m sending this out a little early because I wanted you to have a database link. I’m taking my son to the world cup today, the game is at noon here. Once in a lifetime thing with it being in town and the kid wanted to go, so I’m heading there now. All the rest of the day’s options activity will continue getting logged for the rest of the day, I do have help nowadays that can fill in for me.

The SPY is giving up more of those peace deal gains as we slowly start to get more details and Trump saying he very well may go back to bombing Iran this morning. The mess in the middle east is not 100% over, yet. We also have our first FOMC today with Warsh at the helm and we have to wait and hear what he has to say. I personally don’t see him as dovish for stocks from his rhetoric but he is Donald Trump’s handpicked successor and Trump has made is clear for years he wants rate cuts so this will be our first chance to hear from Powell’s replacement. Keep your eye on that 21 ema, it isn’t much lower at 743.33 you don’t want a close below that today or this is a false breakout

My Open Book