Given the extraordinary strength of the market this morning, I was bracing myself for catastrophe, led in particular by the news that Vistra (VST), on which I was long put options, was the most “up” stock in the entire market thanks to the regulators giving them a multi-decade blessing to run nuclear power plants.
(more…)Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Dynamic Range
While it’s no joy to wake up to a screen packed with green, it’s at least nice we’ve got a dynamic market again. Movements of 50 to 100 points on the /ES and hundreds of points on the /NQ on a daily basis have become the norm again, instead of those pathetic days just weeks ago when +0.00 was a typical sight. This morning, the /ES has blasted more than triple digits itself in the span of hours, quickly shaking off any Microsoft blues.
(more…)After Softie
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!).
(more…)Servers Wipeout
Remember how much ink was spilled about the amazing investments SMCI and DELL represented? Indeed, formerly unknown SMCI got so hot that they shoved it into the NASDAQ 100 just weeks ago. In any case, they’re probably getting obliterated. MUCH more to come.
(more…)Alpha Beta
From my colleagues at tastytrade, here are the highest beta stocks right now. I’m pleased to have puts in ARM, the top of the heap: