7/31 Recap

Flat session so far, nothing really of note. Probably not much this week until the last 2 mega caps report on Thursday. Apple and Amazon make up 13% of the SPY so their reports should be our last day of a potential big swing on earnings.

Oil is making a power move over $81 today, crazy move up over 20% since late June. This is fine here in the $80 range but higher and it’s going to start causing all those inflation worries to come back.

The strongest markets at the moment are Brazil and China, I’ve been noting calls there for weeks on end and look at FXI today, it’s up 10% in the last few sessions.

The EWZ appears to be flagging and setting up a move of its own higher while also being up 10% in the last 2.5 weeks.

On the plus side if you are bearish, puts have never been cheaper to buy. So make of that what you will as the VIX seemingly gets crushed daily.

Trends

BABA has been leading for the past week and it continues its move higher. Very strong name recently. GLD also up nicely today as well. PFE reports tomorrow, interesting to see all the bullish flow there, but most of it is put sales lower, although I did note one large in the money put sale today you can see below. On the 3 month timeframe Amazon still leads the way and we will find out this Thursday if all those work out, many are obviously for 1-2 years out, but it still has more than ample bullish action for the months ahead. UBER also reports this week and is leading over the 2 week timeframe.

1 Week

2 Week

1 Month

3 Month

Today’s Unusual Options Flow

135 Trades Today

Alot of you ask for ways to make your own tables like mine, someone shared this with me the other day. You can just use my image and upload into excel, there’s a great step by step on the Microsoft site.

Link

The one that stood out to me today was RETA, last week someone bought a few thousand calls at 115 before the close, I didn’t even notice it today till someone mentioned it in the discord, but Thursday night it was acquired and was $166 those calls went from a few hundred K to a few million dollars. The trades that come in after I cut off end up in the trends and I try to highlight them the next day if I see anything really odd, but this being a speculative biotech I didn’t think much of it. Another crazy lucky trade that the SEC will just ignore.