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!