9/18 Recap

As we await the fed decision today, filter out the noise and focus on price action. I wouldn’t pay too much attention to what the market is doing beforehand and focus more on how we react after Powell speaks. For now, the SPY remains below a breakout. If we can close on the other side of the line I drew from the previous highs, a breakout would be on. As it stand we’re below that, but above the 21 ema, literally no man’s land. On the downside, watch for a close below the 21 ema, the light blue line, indicating a trend shift. I would expect 550 to be firm support, if that doesn’t hold, the 100 day right over 540 is the next level in play after that.

Recent Trades

LUNR - I highlighted this one on 8/20 here and it is up over 50% today on a deal with NASA. Those $15 calls below bought in 2026 for 1.40 are 2.30 now which is a shame with how much the stock moved, but that’s what happens when you overpay for options and the IV is elevated. 1500 traded today so I imagine some were closing, but incredible move on the equity today. I would be a seller into this pump if you played this.

Today’s Unusual Options Activity

Here is today’s link to the database, as always it will be open until tomorrow morning at the open. You can check back in the afternoon for the afternoon’s trades and updated trends.