Hello!
Today’s video orbit takes a look at what just happened in the market after a few days of a rally and how quickly the gamma and vol backdrop shifted. Also, what that could mean next. Is this “the year-end rally” already?
TL:DR version, we saw a pretty quick reversal from an area many traders were targeting as potential support. But we also just saw a steep decline in IV, and high IV is often the accelerant to a move to the upside, once that backdrop shifts that accelerant is gone and the market either finds itself at the end of a rally, or the beginning of a slow grind higher. Also a quick look at Apple’s $AAPL upcoming earnings. I hope you enjoy:
Trending/Movers:
- Palantir Technologies Inc Cl A (PLTR) +13.61%
- Shopify Inc (SHOP) +17.44%
- Paypal Holdings (PYPL) +6.48%
- Peloton Interactive Inc (PTON) -7.07%
- Crocs Inc (CROX) -16.49%
- Starbucks Corp (SBUX) +6.84%
- Qualcomm Inc (QCOM) +5.80%
- Roku Inc (ROKU) +18.93%
- Airbnb Inc Cl A (ABNB) -0.91%
Today’s Earnings Highlights:
- Apple Inc. (AAPL) Expected Move: 3.04%
- Stryker Corporation (SYK) Expected Move: 4.90%
- Booking Holdings Inc. (BKNG) Expected Move: 3.80%
- EOG Resources, Inc. (EOG) Expected Move: 3.17%
- Pioneer Natural Resources Company (PXD) Expected Move: 1.21%
- Monster Beverage Corporation (MNST) Expected Move: 5.05%
- Atlassian Corporation Plc (TEAM) Expected Move: 9.20%
- Microchip Technology Incorporated (MCHP) Expected Move: 6.91%
- Block, Inc. (SQ) Expected Move: 9.97%
- Cloudflare, Inc. (NET) Expected Move: 9.72%
- Rocket Companies, Inc. (RKT) Expected Move: 5.64%
- American Homes 4 Rent (AMH) Expected Move: 5.61%
- Expedia Group, Inc. (EXPE) Expected Move: 7.17%
- DraftKings Inc. (DKNG) Expected Move: 9.17%
Full list here: Options AI Earnings Calendar
Unusual Activity:
EL (+1128%), SPLK (+1077%), UMC (+1009%), WE (+989%), Z (+786%), AMD (+715%), FSLR (+699%), VFC (+688%), CROX (+634%), ABNB (+629%), TXN (+625%), QCOM (+588%)
Full lists here: Options AI Free Tools.
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