Nice vix melt today to reset the market a bit. The war conflict headlines are easing and you can see it in gold pulling back and in vix melting a bit. I think the driver of the market is going to be earnings and yields now rather than conflict.
TSLA reports earnings tomorrow and there can be some real fireworks. I don’t hold positions into earnings usually because there is little edge most of the time, but if I trade TSLA tomorrow with puts and I can make part of a position free during the day then I may leave a runner counting on bad earnings driving the stock lower. It will likely either be a boring and burn options premium kinds of earnings, or could get a very ugly reaction, as in gap down to 115 area or lower.
NVDA had a decent bounce today but until we get some more info on earnings season I think its all just chop and vol melting off until the market picks a direction.
Nice move in BTC and the miners look like they are getting some buying post halving event that took place over the weekend. Think this is a bright spot in the market if things are mostly sideways or up in the indices.
If we get weak in the market again after the vix melt stops then ARM and AMD are on watch for puts.
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