Hello!
Yesterday’s sell-off, especially in QQQ, felt a bit more powerful than most of the recent orderly decline. In today’s video Orbit we look at the gamma backdrop potentially changing this week as well as what the next levels traders may be looking at. Also, what signs to look for for a potential capitulation? (more on that subject over the next few days on the Orbit). Additionally, we check in on Amazon earnings, after the bell. Hope you enjoy:
Early Movers:
- Tesla Inc (TSLA) -2.15%
- Meta Platforms Inc (META) -4.11%
- Palantir Technologies Inc Cl A (PLTR) -2.05%
- Amazon.com Inc (AMZN) -1.27%
- Alphabet Cl A (GOOGL) -2.17%
- Nvidia Corp (NVDA) -1.82%
- Apple Inc (AAPL) -0.72%
Today’s Earnings Highlights:
- Amazon.com, Inc. (AMZN) Expected Move: 6.92%
- Intel Corporation (INTC) Expected Move: 5.80%
- Chipotle Mexican Grill, Inc. (CMG) Expected Move: 5.60%
- Ford Motor Company (F) Expected Move: 4.82%
- Capital One Financial Corporation (COF) Expected Move: 4.11%
- Enphase Energy, Inc. (ENPH) Expected Move: 10.70%
- Skechers U.S.A., Inc. (SKX) Expected Move: 8.50%
Full list here: Options AI Earnings Calendar
Economic Calendar:
- At 10:00 AM (EST) Pending Home Sales YoY (Sep) Impact: Medium
Unusual Options Volume: GOOGL (+864%), NLY (+840%), TXN (+813%), Z (+749%), MSFT (+651%), META (+640%), BA (+624%), V (+590%), UPS (+571%), LOW (+559%), MRK (+527%), SNAP (+511%), MSTR (+473%), SPOT (+464%)
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