Well it got away from me abit. I have to go back and check I may of been on this name since the insider buy at $10.00. That's 50% I left on the table. But I agree it's worth buying now. Triple witch today? A $4 Trillion Options Event Endangers Stock Market Calm 1 / 3 A $4 Trillion Options Event Endangers Stock Market Calm Thu, September 14, 2023 at 4:18 PM EDT- (Bloomberg) -- All week, stock traders have shrugged off everything from hot inflation data in the US to another recession-threatening hike in interest rates over in Europe. Now comes a $4 trillion options event that has historically stoked turbulence, just as equities are mired in the most subdued trading in two years. In a quarterly episode ominously known as triple witching, piles of derivatives contracts tied to stocks, index options and futures are scheduled to mature Friday — compelling traders en masse to roll over their existing positions or to start new ones. This time, it coincides with the rebalancing of benchmark indexes including the S&P 500, another catalyst for more share transactions. Though the risk is sometimes overblown by Wall Street players, the options event has a reputation for causing sudden price moves. And the one in September has typically been followed by an equity swoon the ensuing week. One player to watch: Dealers on the other side of options transactions who are obliged to buy and sell stocks to maintain a market-neutral stance. A shift in their stock exposure, known by esoteric concepts like gamma, was cited as fueling the August selloff and is now blamed for this month’s inertia. “It’s possible that the September open interest leans ‘long gamma’, which would have contributed to low realized vol in the last few days,” said Rocky Fishman, founder of derivatives analytical firm Asym 500. “Taking away that long gamma could potentially lead to a return to more normal volatility environment over the next week or two.” The S&P 500 climbed 0.8% on Thursday, extending its streak without a 1% daily move all month. Over the stretch, up and down session were almost even, and fewer than 10 billion shares changed hands for each day, a streak of anemic trading not seen since October 2021. Despite August’s decline and the subsequent bounce, the market has yet to make meaningful progress either way. The S&P 500 has hovered within 2% of its 50-day moving average — a trendline widely watched by traders — for 27 days in a row, the longest run in six years. Going by seasonal patterns, next week is ominous for stock bulls. Since 1990, the S&P 500 has fallen in the week following September’s triple witching 79% of the time, losing an average 1% in all instances. Still, there are bigger bullish forces at play. Scott Rubner, Goldman Sachs Group Inc.’s managing director, notes growing optimism among institutional clients, who are starting to discuss allocating more money to stocks in preparation for a potential fourth-quarter rally. Broadly, many investors have missed the stunning 2023 equity advance, favoring cash and fixed income. Since January, global money market funds have drawn $1 trillion while inflows to bond funds reached $236 billion, each dwarfing a mere addition of $90 billion for equities, data compiled by Goldman showed. As the calendar flips to a new quarter in coming weeks, individual investors are likely to rotate money out of cash and into stocks to catch up to a buoyant market, according to Rubner, who has studied flow of funds for two decades. “Equity allocations remain low and there is an interest to close this gap in October,” he wrote in a note. “I would think that higher prices bring out more buyers.” >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> MY HF is telling me the same thing: Too much money on sidelines. furious year end rally.... notes growing optimism among institutional clients, who are starting to discuss allocating more money to stocks in preparation for a potential fourth-quarter rally. But I have seen this game before-- sometimes they push everything down first. Bitter as they are....
GBA BUY RIVN @$24 Reason: TSLA has no union TSLA will do very well now with the strike. TSLA makes a great car. TSLA is super expensive. Thus RIVIAN! Rivian Automotive, Inc. (RIVN) NasdaqGS - NasdaqGS Real Time Price. 24.05-0.06(-0.26%) As of 09:47AM EDT. Market open.
NVX surged at the open Huge Vol!! Novonix Limited (NVX) no way to catch it NasdaqGM - NasdaqGM Real Time Price. 2.26 00+0.4000(+21.5054%)<------------ As of 09:50AM EDT. Market open.
gba buy MITK. Mitek Systems, Inc. (MITK)- I don't usually use stops ever but in this case with a CC ongoing I would. Buy here and slip a stop in at $11.80 or so... NasdaqCM - NasdaqCM Real Time Price. 12.10-0.89(-6.85%) As of 09:53AM EDT.
Watching--> I'm a buyer at $4.90 Iovance Biotherapeutics, Inc. (IOVA) NasdaqGM - NasdaqGM Real Time Price. 5.35+0.70(+15.18%) As of 09:55AM EDT.
Watching HPK.. it's tough to get an interest rate on the new loans.. But it's 7.5% above what it was I think.. but everything is pushed out which is valuable to a growing co. Loans under the 2023 Term Loan bear interest at a rate per annum equal to the Adjusted Term SOFR (as defined in the 2023 Term Loan) plus an applicable margin of 7.50%. The loans are guaranteed by the Company and are secured by a first lien security interest in substantially all assets of the Company. Key highlights of this milestone refinancing include: Debt Maturity Extension:The 2023 Term Loan streamlines the Company’s capital structure, extends its debt maturities to September 2026 and secures its financial position in an everchanging banking market by providing financial certainty and removing the risks associated with standard borrowing base redeterminations.
Watch->HighPeak Energy, Inc. (HPK) NasdaqGM - NasdaqGM Real Time Price. 16.57+0.82(+5.24%) As of 09:59AM EDT. Watch->Eos Energy Enterprises, Inc. (EOSE) NasdaqCM - NasdaqCM Real Time Price. 2.6812+0.0812(+3.1231%) Regarding the latter, we already own. I only say watch because there is a Car Show going on and for the first time adjacent to the show is a EV battery show. Maybe these guys can get their message out?
It's getting chilly all the sudden. I held off but I almost put the boiler on! That's really giving in to the end of summer. Pool is gradually getting into the 80's//// Our weather is not so great as usual... Cloudy. Have any of you given in and activated the boiler?
Ya know your Volkswagon is way down too fwiw. I looked at it yesterday. It's actually down because BYDDF is gonna start selling cars in Germany.
Cannabis banking bill gaining traction once again... "...On Friday, the AdvisorShares Pure U.S. Cannabis exchange-traded fund MSOS was up by 7%, while the ETFMG Alternative Harvest ETF MJ gained 4%. Shares of Tilray Brands TLRY, 2.35%, Green Thumb Industries GTBIF, 5.93%, Curaleaf CURLF, 4.82% and Canopy Growth CGC, 15.19% were also trading sharply higher..." You know me Vanz, and that I've always maintained that these companies will skyrocket if that banking bill is signed into law, would be a good medium-term long for no reason other than the hype, fundies be damned. I'm still sticking with that thesis! Would that be a gummy trade?