7/27/25 Best Idea For The Week Ahead

The SPY closed up at another all time high, this market has been nonstop since mid April and 12 of the last 16 weeks have been green, the market seems relentless right now but we do remain the most extended we’ve been from the 21 week in years with it still below 600 and the SPY north of 637. When will we touch that 21 week again I couldn’t say but we have not sniffed it in 11 weeks which is just remarkable and I don’t have the data but looking at charts it is one of the longest stretches ever.

This week’s best idea is a name seeing heavy bullish option flow targeting a move up in the next 2 months, I have a few trade ideas on how to play this one and this name in particular I wrote up as a best idea 1 year back and the risk reversal I drew up then has seen the short puts melt away from $3.90 to $1.10 and the long calls have gone from 2.85 to 16.75 right now, it was one of the best weekend write-ups I’ve done and I will link it below but I think it is time to play that same name in a different manner.