8/10 Recap. So Many Odd Trades I Pointed Out Came Through Today

I hope you're seeing how the game works now....

What a day, I had an incredible day, I hope you did too. Are you starting to see that the market is not what most think it is? Fundamentals take a major backseat to option flows and charts. Inflation comes in at 8.5% and everything rallies? Ok, great news I guess. First, let’s talk about WIX, I highlighted this name multiple times over the last few days as I pointed out all the risk reversals they were putting on selling the January 60 puts to fund higher call spreads at 70/90 and 75/95, they reported this morning and beat on a lot of things, but gave weak guidance and the stock did not care finishing the day up 12%

Next let’s discuss ARRY. A solar name I noted multiple times in my unusual options activity the last 2 weeks. I specifically noted a huge $17.50 put sale in January recently and all the other calls being bought, it closed today up 29%. Incredible moves.

I hope you’re seeing what I try to point out daily. While there are millions of options trades occuring daily, I have my parameters and I try to provide you with the oddest ones and then of those I try to write up the ones that stand out the most to me, it’s a side of the market most are not paying attention to, but you have to admit they should, right?

Today’s Unusual Options Action & What Stood Out