6/4 Recap

I apologize for heading out early again today, I mentioned friday my dad was in the hospital for complications from his chemo and he still is. I hate that this is the 2nd time in 3 days I’m having to cut out early, but this stuff is out of my hands, the doctor told me he didn’t like the direction he was heading just now so I really need to be there.

Before I head out, I wanted to highlight 1 recent trade that went nuts this morning and include a link to the database for the rest of the week. I’m hoping I will be here tomorrow, but in the event I’m not this link will be up till the market opens on 6/10. When I get home tonight I will have the rest of today’s action updated.

Recent Trades

AX - In the 5/24 recap here I mentioned that although I don’t often note bearish trades, this AX was getting egregious with 3 big put buys within 24 hours. I even joked that it could be the next short seller special. Sure enough this morning, Hindenburg Research, one of the best known short sellers in the game released a scathing report on Twitter. AX was decimated and the name got as low at $40.94 premarket. If you followed this trade this was exactly what you were looking for and although it could go lower, I would be closing it up today because it is up hundreds of percent and you can’t ask for anything else on any trade. If I was to guess, someone associated with Hindenburg was behind these trades, but that’s the market today, you have roaring kitty loading up GME and pumping it, and the only way you’re going to catch accumulation of puts/calls is through options data.

Database Link