8/27 Recap

I won’t be around tomorrow so I added a link to the database below that will expire Thursday.

The overall market is doing nothing notable, we remain over the 8 ema so nothing worrisome just simply the market is just waiting for NVDA to report tomorrow to pick the next direction.

What’s most impressive with this run we’ve had is how one of the 2 biggest names in our markets, MSFT, below, which is almost 7% of the SPY is just completely lagging and sitting on the 200 day right now. Typically with these high quality names, this where you want to buy them but MSFT and AMZN are sitting at the 200 day, the 2 largest hyperscalers as the AI revolution is unfolding. Either these are tremendous values or the AI revolution is getting way more hype in the news than with investors. This will be interesting to monitor as MSFT is seen as maybe the biggest AI beneficiary outside of NVDA in terms of Co-pilot, Azure,etc and it is dramatically underperforming the market this year while not struggling at all and generating a ton of cash.

Recent Trades

On 7/24 VTR was a name I highlighted here it was a small cap REIT and the name is up around 10% since,

real estate names have been very hot this past month, these particular calls were bought for 2.36 and are 5.25 right now as they remain in the open interest. Big gain over 100% in a month since on a name with no other option flow. The ones lacking other trades are the ones that continue to deliver the most alpha.

Trends

1 Week

2 Week

1 Month

Today’s Unusual Options Flow

Here is today’s link to the database, it will expire THURSDAY at the open since I won’t be around tomorrow. The rest of today’s action will be added tomorrow. I will have tomorrow’s trades added by the evening.