Today’s action was pretty much expected given that it’s monthly OPEX tomorrow and a lot of games/manipulation occur into that so trading it as a day-trader becomes a little different.
I talked about this in the Premium Video last night and in tonight’s video I have some OPEX trades that might set up at the open tomorrow.
Semi-conductors are on fire and TSM 0.00%↑ was a big win today for me and folks in DeltaOne. It’s hard to ignore that sector and since NVDA 0.00%↑ is getting all the love that seemed to be forgotten and the chart + sentiment looked good weeks ago and it paid off today.
Nasdaq refuses to break down and the same for S&P - not that I am bearish but it would make long side flow easier if it did. Once OPEX is done with tomorrow we’ll find out what the next move is but the play this week has good for certain strategies which I cover in the premium video.
The swings and position holds (aside from TSM 0.00%↑ ) have been non-existent.
BABA 0.00%↑ is a new position for me as noted last night but it’s small.
AAPL 0.00%↑ is setting up very well for an ATH breakout into February earnings
Tonight’s Premium video is a bit longer and I am covering the usual topics like S&P, Nasdaq and oil plus some lessons on:
Why OPEX matters
The mindset to trade OPEX options
2 Potential OPEX trades
A Recap for The Week