The Week Ahead

Volume 29

Sunday Funday… I hope everyone is having a nice weekend wherever you are.

What a week! A lot going on. DXY unwind, a bid for bonds, vol crush and a mammoth bear market rally.

Let’s begin with a recap of last weeks comments…

• Target for SPX of 3850 was met with ease

• Target for EUR/USD of 0.9935 was met

• Target for GBP/USD of 1.14 was met

• Target for USD/JPY of 150.00 was .290 shy

• MPW 0.00%↑ I said was prime short squeeze material (1W +13.41%)

• META 0.00%↑ I hedged up and made the position short, stating “If I am correct 110 isn't impossible”.

On the private Twitter I shared 5 option ideas

• 10/25 SPX 3850/3860 call spread @ 2.85 which settled @ ~9

• 10/28 MSFT 0.00%↑ 240/235 put spread @ 1.17 which we closed out for 4

• 11/18 CDNS 0.00%↑ 155/145 put spread @ 3.10 which is currently @ 4.20

• 12/16 TWLO 0.00%↑ 70/60 put spread @ 3.20 which is currently flat

• 11/18 META 0.00%↑ 125/115 put spread @ 2.77 which we closed @ 9.3

I also shared a further out SPX trade but that isn’t for all to see!