8/14 Recap

So we’re putting an indecisive candle so far today after CPI. This remains one giant bear flag but we’re technically back in an uptrend over the 21 ema and stuck right below the 50 day. You’re free to go long here but you have to maintain tight stops and close on a close below that 21 ema just under 540. The macd flipped positive today too for the first time since mid July so we’re definitely seeing conflicting signals. We have this big divergence where we’re rising on very low volumes. We still have alot of economic data coming in the next 2 days but if we can keep pushing and close over that 50 day(yellow line) it would be a very big deal that bulls are back in control.

Recent Trades

PFGC - I highlighted this one on 7/17 here today it is up 8.5% to nearly 73 today, the September $70 calls bought below for $1.70 are $4.10 right now and they’re all still in the open interest, and based on today’s volume they haven’t sold yet. This was yet another of the nothing in the open interest when it came in trades that worked out.

Trends

2 Week

1 Month

Today’s Unusual Options Activity

Here is today’s link to the database, as always it will expire tomorrow at the open and I will have the rest of today’s trades added by the afternoon.