Markets rallied again on Tuesday, with the S&P adding 1.18%. Asia stocks closed in the green overnight while Europe indexes are mixed this morning. U.S futures are pointing to a higher open, the Dollar, Yields and Oil are also higher while Gold is lower.
And here is the last rant if you missed: https://www.optionmillionaires.com/afternoon-rant-4-14-26/
Another day, another monster rally, with the S&P adding 1.18% while the Nasdaq closed higher for the 10th session in a row. It hasn't done that since 2021.Just like Monday there was no major catalyst... though I guess no negative catalyst can be construed a positive one. The difference between Monday and Tuesday was the weaker software performance. Hopefully not a trend. Stocks are a stone's throw from all time highs and could hit them today... who would have thought that could happen anytime soon yet here we are. There has been no surprises with the Bank earnings and now all eyes will be on NFLX come Thursday. Some chop the next day or two into the weekend would actually be a healthy thing here, though I won't complain with more 1% rallies:
LMND gapped higher after the open yesterday, breaking over $60. I used the move to close some of my calls out for over 100%. It then seemed to struggle and was reversing back under $60. I didn't want to lose the profits so took the last of my calls off for 100%. Sure enough the stock reversed into the afternoon to close over $62. Will be watching today for more possible lottos:
AMZN continued its ascent yesterday. But unlike Monday, it had a much larger move.. thankfully. My calls came back to life and I was able to close some out for 100% and then over 300% and held a few. Think this is the start of a possible revalue cycle for it. It is now a stone throws from all-time highs. If it breaks $252 or so today I may look to add more calls:
I also added May SMCI calls. I really love the story here. Much more about the price of the stock than the actual company. Think $35+ come easy unless there are any more negative headlines. I was able to close some of my calls out to cover some costs yesterday and will look to take more off today. And I may also look to add some more strikes today:
This NKLR going to catch fire again at some point. May nibble some May calls today for a move north of $8 in the coming weeks:
Buyout news coming any day now for GME. I added May strikes while they are cheap:
Was hoping GLW would dip more... it didn't. May have to bite the bullet and pay up:
Tic Tock on KODK:
NFLX reports after the close tomorrow. Eyeing this week $115s or next week $125s:
And of course still have my eyes on RBLX and RDDT as we get closer to Friday and premiums come down.
And here is what I am watching today; SMCI, RBLX, RDDT, NFLX , KODK, CRBP. NKLR, HIMS, GLW, AAOI, LMND , SHOP, RDDT, RBLX, CRBP, ANET, AVGO, INTU, ADBE, APP, WING, LRCX , ASML,ORCL, U, TTD, GLW, TSLA, ALMU, VKTX, RH, ROKU, RBLX, SEDG, KODK, NKLR, SEDG, DUOL, GLW, 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