From ZH As the Nasdaq goes from new record to new record high day after day, passively lifting AAPL to become the world’s first $2 trillion market capitalization company, something uncomfortable is happening under the hood. While the concentration of gainers in the Nasdaq has been well-discussed… There is an increasingly ominous major (bearish) divergence […]
Market Analysis
Futures, Options and Liquidity.
We’ve been marking 3400 as a large gamma area for several days, and you can see from our morning data that the 3400 area was again key today. Our levels are listed above, left in the Bookmap column. You can also see dark red areas in the center of the chart which denotes bid/ask liquidity, […]
XOM Balanced Options Position
A member requested analysis of XOM which you can see below. It appears the gamma has sort of a “straight jacket” on XOM with large put interest at 40, large call interest at 50. Our Hedge Wall picks up a change in hedging behavior at 43, which indicates that’s a key level in the stock. […]
Silver August Expiration
Below is our most recent data for SLV (silver ETF) going into Fridays August options expiration. Call option positions remain at or near the highs we’ve seen over the last several weeks. There is a large concentration of options at the 25 and 30 strikes which presents an interesting setup. If SLV can charge ahead […]
S&P 500 Double Top
Its interesting too look back at where we were in February ’20 just days before the crash. Clearly things are different now, and we are suggesting a >30% drawdown (for one, the put fuel isn’t there). However its interesting to compare sentiment and data particularly as we have hit a double top just before a […]
PRPL Mattress Fire – Options IV Burn
PRPL is a major retail WallStreetBets favorite, causing a huge runup in to 8/13 earnings. After reporting an ER beat the IV in the stock likely got crushed, which caused long OTM calls to decline sharply. This leads to dealers unwinding hedges, and a stock drop.
WKHS Options Pin 8/14/20
WKHS seemed pinned to $15 where we mark a large amount of options gamma.
ROKU Analysis 8/14/20
ROKU has an interesting setup day, as we show ~43% of options gamma is expiring today. Most of the options in ROKU are also at the 150 strike, which may setup an interesting “pin” play. The idea here is thats the options decay hedging flows (which are tied to 150) push the stock back towards […]
SLV Update 8/14/20
We’ve been tracking SLV & Silver closely for several weeks now. Originally there were many Jan ’21 calls struck at 20, but those have largely been either closed or rolled, such that 25 is now the key strike. Much of the gamma in SLV expires next Friday 8/21 which could add a short term dynamic […]
CSCO Earnings Crash – a Prediction
We’re positing up a live example of using our Equity Hub data. CSCO disappointed in earnings today, and is currently down 10%. Here is a snapshot of our data from preopen which shows the largest concentration of options at the 50 strike. The most puts are at 40, which we think might function as a […]
