Hey There, Lance Here…
Today’s markets are jamming out to “Wild Thing,” but they ain’t making my heart sing!
I do a full breakdown in a video I just posted here.
Opening bids in the futures quickly got sold off and the China ADR stocks like BIDU and IQ after smashing earnings up 10% reversed! BILI — yes the stock is called BILIBILI — ticker BILI seeing next week $23 strike puts. I’m avoiding China right now back on my DO NOT TRADE list!
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
As y’all know I’m not a fan of the crypto wild wild west, but COIN reported numbers which weren’t horrendous. Shares went green up 6% before going red on the day down 2%. The jacked up market makers were implying a 16% move (higher or lower) on earnings talk about a let down! Or should I say “Volatility Crushed”… Shout out to the premium sellers for the win!
The other Crypto pig MARA is seeing next week $6.50 strike puts that capture earnings. I do love cheap options for earning!
To spread some positivity, healthcare (XLV sector ETF) could be a hideout as we see some MDT March calls — JNJ and MRK saw bullish call flow yesterday.
The book is green today after a bloodbath yesterday! FOMC minutes today at 2 p.m. est. Will the Fed ruin the markets or give us false hope? We shall see.
All eyes on J-Powell!
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P.S. Urgent Live Session at 1 p.m. ET on Thursday — Yes, Tomorrow!
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*Disclaimer: The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 9/24/21 to 2/21/23 on live trades the win rate is 74.6%, the average weighted return of winners and losers is 13.2% with an average hold time of 3 days.
