Today 42,000 $300 call contracts expiring on Friday were bought.
This Friday is quad-witching.
Price is at the top of the long term channel and right on the 200MA.
Inflation is running hot and Fed is getting even more hawkish.
We appear to have been in a bear market rally.
This seems like a reasonable time to buy put spreads on $TSLA.
Defensive sectors (utilities and consumer staples), Industrials, $SPY, and $QQQ from peak to trough during the collapse of the dot com bubble. Dividends reinvested.
$OSG is Jones Act oil tanker shipping company. It's a good long term investment as it trades at a low multiple, has a wide regulatory moat, and is a good acquisition candidate at a valuation range around $4-5 per share.
It's also been a very reliable swing trade for a few years. $OSG spikes to $2.50 every once in a while and can be sold and then bought back in...
My guess is that VIX won't come down meaningfully for a few years, just like it didn't from 1996-2003.
- Retail speculative fever only seen before in the late 1920's and the late 1990's.
- New SPAC's every week.
- A small EV manufacturer worth more than all other automakers combined.
- Far more options traded than ever before.
- Yields remaining near all time...
