Options Montage: Notable bettings toward individual names
The bulls
Healthy rinse late-week took some risk off the table. July expiration and Friday selling removed elevated gamma risk, although it didn't get to that normal level for a potential snap-back squeeze.
Crowded inflation and cyclical plays are not crowded anymore but bulls have certainly been stubborn, which lengthens the process. Small caps as well saw a solid shake, some of these groups are at or close to sentiment bounce signals, but not all.
Now with July expiration in the rear view mirror, we will officially see if the current price action is indeed a "tightening" phase ( similar to late 2018) or it was more about the greater forces at play from July expiration, like liquidity and dealer positioning.
The bears
Price action has resembled late 2018 and this rolling bear market that we are seeing take place underbelly will eventually find quality mega-cap and the indices.
Even with Friday's selloff, short-term sentiment didn't quite get there yet. Sectors that have seen the brunt of the selling have shown an improvement in sentiment but not all flashing bull signals just yet. This rotation has been so aggressive this year, do they all need to get to bull signal territory before we see a legit bounce?
July expiration is now behind us but earnings season is officially here, which means our edge from the institutional sweeping activity will be subpar for the next couple of weeks.
Crowded inflation and cyclical plays are not crowded anymore but bulls have certainly been stubborn, which lengthens the process. Small caps as well saw a solid shake, some of these groups are at or close to sentiment bounce signals, but not all.
Now with July expiration in the rear view mirror, we will officially see if the current price action is indeed a "tightening" phase ( similar to late 2018) or it was more about the greater forces at play from July expiration, like liquidity and dealer positioning.
The bears
Price action has resembled late 2018 and this rolling bear market that we are seeing take place underbelly will eventually find quality mega-cap and the indices.
Even with Friday's selloff, short-term sentiment didn't quite get there yet. Sectors that have seen the brunt of the selling have shown an improvement in sentiment but not all flashing bull signals just yet. This rotation has been so aggressive this year, do they all need to get to bull signal territory before we see a legit bounce?
July expiration is now behind us but earnings season is officially here, which means our edge from the institutional sweeping activity will be subpar for the next couple of weeks.
Notable bettings toward individual names
$Brookfield Property Partners LP(BPY.US$ $Vimeo(VMEO.US$ $Cemex(CX.US$ $Spectrum Brands(SPB.US$ $Direxion Daily Semiconductor Bear 3x Shares ETF(SOXS.US$ $SelectQuote(SLQT.US$ $Cenovus Energy(CVE.US$ $Maxar Technologies Inc(MAXR.US$ $Trinseo(TSE.US$ $Royalty Pharma(RPRX.US$ $Community Health Systems(CYH.US$ $Green Plains Partners LP(GPP.US$ $Methanex(MEOH.US$ $SpartanNash(SPTN.US$ $Short Russell 2000 Proshares(RWM.US$ $Direxion Daily Technology Bear 3X Shares ETF(TECS.US$ $Assertio(ASRT.US$ $Albireo Pharma, Inc.(ALBO.US$ $Quotient Ltd(QTNT.US$ $Advanced Micro Devices(AMD.US$ $Apple(AAPL.US$ $Tesla(TSLA.US$ $SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$
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mootastic : I think it is better to bring option analysis, some of these options might be bearish in nature like credit call spreads.
Is it possible to bring call analysis whether it is a credit call spreads or debit call spreads.
tangobravoromeo : This fiat market is in the throes of death!! gonna be like watching a movie meme stocks will got to a penny, and all the basement guru gamblers will call it manipulation..
Stuka IIOP mootastic: That's what I've been doing in previous articles, by sorting and analyzing those long calls only over the institutional sweeping activity. In these two I just made some changes, but I can make the next one back to the original form if you want.
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