Markets fell on Monday, with the S&P losing .24% with middle-east tensions weighing. Asia stocks finished in the green overnight while Europe indexes are higher this morning. U.S. futures are pointing to a higher open, the Dollar and Yields are higher while Oil and Gold are lower.
And here is the last rant if you missed: https://www.optionmillionaires.com/afternoon-rant-4-20-26/
The streak is over. The Nasdaq put an end to its 13 session winning streak yesterday. All good things come to an end. Markets opened lower yesterday after Iran re-closed the strait of hormuz and fired on ships while the U.S. continued its blockade. Markets found lows at 11am and bounced into the afternoon, but the rally was not enough to erase the morning losses. There is not much in the way of market catalysts outside the continued barrage of headlines. Yesterday it was if the Vice President was on a plan to the middle-east for peace talks... or if Iran was going to attend the peace talks. Based on the markets action, which is the only thing I use these days to determine what headlines seem accurate or note, it looks like a meeting will take place and some deal will be worked out by Wednesday. Not saying there could be some surprise, but that is the outcome I am leaning towards.
If there is no deal come Wednesday, think Thursday will be nasty... 1-2% at min.
The upper-bollinger band is at $716.86 so some room now if buyers come in. New highs typically beget new highs so have to think $720 comes before the week is out:
FLWS is a name I have traded on and off over the past year or so for nice gains. It has a high short interest so catches the eyes of those looking for squeezes like GME... ect. It showed some odd volume yesterday morning. I started looking at calls once it broke over $4 and went and added some May strikes. Sure enough the stock took off, rallying over 24% and breaking over $5. I used the move to close some of the calls out for over 100% and held the rest. As the day progressed it looked like it had lost steam. I didn't want to lose the rets of the profits so I closed the last of the calls out for nearly 100%. Unlike some of these other pumps you see, $FLWS actually has a decent story. If it shows signs of pulling a day 2 run I may nibble some further out of the money strikes just in case it gets FOMO crowd... which may come after $CAR's squeeze:
Never wrong just early. Or sometimes just early. One of these days DUOL starts running... the 20-25+ variety. Not sure if yesterday was it but the stock is back over the 50dma. Will need a huge move for my calls from last week. If it holds $106 in the morning I may look to add some lower strikes for a move into the teens:
ALMU had more news this morning, this time a NASA contract:
https://x.com/OMillionaires/status/2046545090101887427?s=20
Could be a name that eventually gets some FOMO in the optic space, so watching the open. If it shows strength over $18 may nibble some $25 lottos:
Still have my eyes on FUBO here as well. Tried to play those $15s last week. It is sitting right below that 50dma. Could be like a damn breaking above that:
ISRG reports after the close. Was on the fence about adding some May $580 or $590 calls. Likely will just wait to trade tomorrow morning:
And of course still eyeing RDDT and RBLX here.
And here is what I am watching today: FUBO, ALMU, FLWS, ISRG, DUOL, NFLX, FUBO, ROKU, SEDG, HIMS, BIDU, RBLX, SMCI, RDDT, KODK. NKLR, GLW, AAOI, LMND, SHOP, ANET, AVGO, INTU, ADBE, APP, WING, LRCX , ASML,ORCL, U, TTD, TSLA, ALMU, VKTX, RH, ROKU, KODK, ALGN, ISRG, LMND, CF, NTR, IPI, SERV, SHOP, ANET, HTFL, ROKU, POOL. V, MA, ZM, WING, SHOP, SQQQ, MRNA, DUST, FLWS, COCO, COIN, and SQQQ.
Let's have a great day!
-JB