9/30 Recap

I will not be around tomorrow, I wrote a little more why below where I posted today’s link so just know there won’t be a recap tomorrow.

Quarter end choppiness, nothing crazy, especially with the JPM collar nearby, this was a fairly nice quarter, we had that panic in early August but have bounced back tremendously since then. China continues to be the trade with its 3rd massive gap up in a week today. Tonight we have the potential port strike which could have major ripple effects, but it is too early to tell what is going to come of that and if a deal can get done. The SPY continues to spend time over the 8 ema which is short term bullish but it is losing momentum and Powell does speak very soon, if he doesn’t give us a lift, I would look for that 21 ema(light blue line) below as the next support. We really want to see the recent breakout(white line) hold.

Recent Trades

ZK - In the 9/19 recap here I noted these weird calls bought on this China EV play for October expiry. This morning ZK was up 15% premarket to 24, that’s not a typo this name is up 50% in 7 sessions since, those calls are now

Today’s Unusual Options Activity

Here is today’s link to the database it will be open until Wednesday morning. As I mentioned last week, today is the last day of operation for our family business, but with my dad still in the hospital I have to handle some things today and tomorrow with the buyer and I won’t be around tomorrow but this is the last day of these early recaps. So the link will work until I return Wednesday. Thanks for understanding.