Hello!
Last week saw mostly sideways action until Friday’s strong rally took the SPY up 1.2% for the week, about in line with the expected move. This coming week sees a potential market-moving CPI and Retail Sales numbers as well as earnings from some of the big retailers themselves. The VIX closed last week near 14, its lowest level since the sell-off began in mid-September. The SPY is now up more than 7% in the past two weeks and is just 4% or so from the Summer highs. With IV this low the expected move for SPY/SPX is just 3.5% into year end. Expected moves for 0DTE in SPY are just 0.6% a day with at the money vol this week about 14 to 15, and beyond that into year-end as low as 12 to 13.
Weekly Expected Moves
- SPY/SPX 1.2%
- QQQ 1.7%
- IWM 1.9%
ODTE expected moves
- SPY/SPX: 0.6%
- QQQ: 0.7%
Economic calendar
- Tuesday – Fed speeches Williams/Jefferson, CPI
- Wednesday – PPI, Retail Sales
- Thursday – Initial Jobless Claims
- Friday – Housing Starts
Earnings This Week
Monday
- MNDY monday.com Ltd. 11.7%
Tuesday
- HD The Home Depot, Inc. 3.7%
- SE Sea Limited 15.7%
- TME Tencent Music Entertainment Group 8.1%
- ONON On Holding AG 9.6%
Wednesday
- CSCO Cisco Systems, Inc. 4.3%
- TJX The TJX Companies, Inc. 3.6%
- PANW Palo Alto Networks, Inc. 7.4%
- TGT Target Corporation 7.0%
- XPEV XPeng Inc. 8.3%
Thursday
- BABA Alibaba Group Holding Limited 5.0%
- WMT Walmart 3.2%
- AMAT Applied Materials, Inc. 4.4%
- NTES NetEase, Inc. 4.9%
- ROST Ross Stores, Inc. 4.4%
- WMG Warner Music Group Corp. 6.5%
- NICE NICE Ltd. 8.3%
- WSM Williams-Sonoma, Inc. 5.8%
- M Macy’s, Inc. 12.0%
Friday
- BJ BJ’s Wholesale Club Holdings, Inc. 6.5%
- SPB Spectrum Brands Holdings, Inc. 4.2%
- FL Foot Locker, Inc. 4.9%
Full calendar here Options AI Calendar
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