After the close today, Microsoft reported, and their stock plunged. As I’m typing this, about half the plunge has been erased (oh, those magic conference calls!).
The other big report was AMD which, as I stupidly guessed on my show today, was so battered that it just HAD to go up, which is precisely what it’s doing.
Thus, the quick plunge in the /NQ (red below) is history, and, incredibly, even with a MSFT wipeout, the /NQ is green, as is the /ES and /RTY (as of this writing, obviously).
Thus, the stock which has been dragging everything down, NVDA, is fighting back. Now I feel less bad about dumping those puts.
I am pretty happy with things overall, with the notably except of VST, which has produced a “well, THIS is gonna suck” moment for me. It announced some very positive corporate news (nothing to do with earnings) after the close, and the stock is the #1 gainer. Lovely. I’ve got puts. Oh, well. Ya gotta take the good with the bad.
Wednesday promises to be an epic day. I’ve been managing the hurricanes and tornadoes thus far. I hope we all make it through to the other side and get yet another stupid FOMC meeting (the 5th of the year) put to bed without much injury!
