Low volume week in the markets besides RDDT and DJT. Options aren’t very attractive on either of them for me so far so I’m mostly just watching and waiting for the right set-ups.
I was watching TSLA once it started to fade after the large gap up today but I didn’t take it. Would have been a nice opportunity for the 182.5 strike puts for this week but my concern was with how low volume the market is it would just stall out at 180 and I wouldn’t get enough range fast enough to make it work. I’ll keep an eye on it for tomorrow if it looks like it can move.
ARM had some selling in it for a short burst and then it stalled so maybe it was someone filling a large order. We will see how it looks tomorrow if it gets another round of selling.
SPX had some nice moves at the end of today for puts. These low-volume weeks at the end of the quarter can lead to some wild end-of-day moves with rebalances. We saw tech selling at the close today with a 5 billion MOC sell. May get another opportunity tomorrow or Thursday.
VIX was a good tell for the end-of-day action in SPX. Something to keep in mind.
Overall not a ton on watch, I’ll see what the market gives tomorrow but if there is nothing that great then I’ll do something more productive than stare at the screen. Time is valuable so I like to think in opportunity cost when there isn’t anything productive to do in the market.
0 Comments