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Using Tide and Periscope to Scalp!
Why I love using Periscope and Market Tide for scalping:
Net Put premiums (both ALL and OTM) rising, despite $SPY rising
NO GEX anywhere; best is WAY above, -GEX at 5680 (unlikely) so tried a test of +GEX at $5650
Series of $MNQ shorts into close
Pop in NCP despite pullback from highs
Decent pop in call premiums during a small $SPY pullback off highs there, $SPX chillin' in this range of positive GEX
They gonna take out the high finally or reject? WDYT?
NVDA up 4.5% this week, still down big YTD
$NVDA still down 17% YTD, but has clawed it's way up about 4.5% this week
NPP trying to hold on, Neg. GEX up above
Net Put premiums are trying to hold on, while $SPY / $SPX keep plugging along in the uptrend
Curious to see what happens; a little Posi and Negi GEX on the way up, right here, and heavy negative GEX at $SPX $5,570
Periscope; bumping against positive GEX
$SPX currently touching on the largest positive GEX it's hit OTW up so far at $5,570; net premiums have flipped bullish, as well, on ALL; only slightly more bullish on OTM-ONLY
Came pretty sharply after a brief peek into the green; see if put buyers can hang onto that and start a trend
Bears in full control all day. Net put premium at highs + net call premium at lows
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Historically you have been better off selling the straddle than buying it
TSLA large dump in net call premium from the 250c
250c May whale closing out here...
$TSLA 395 strike June calls closed out
Looks like they're getting closed out here
Open interest updates for April 28 are live (usually are live by ~645 AM ET): https://unusualwhales.com/flow/chain_oi_changes
If you have contracts saved to a watchlist you can view the changes there as well: https://unusualwhales.com/flow/option-watchlist
Only twice in the last 8 quarters has AAPL been outside its expected move. This is also the largest expected move in last 8 quarters giving the risk of tariffs that AAPL is exposed to.
Upcoming Earnings 28th - 3rd May
Big earnings week ahead, 33% of QQQand 36% of SPY are reporting.
Personally looking at HOOD earnings call (similar to IBKR ) as always interesting to see what they say about retail investors and what guidance they give.
Generally guidance will be very interesting this earnings season given all those tariffs.
Seeing some large activity in this name today
Airlines with a very rough year so far giving the push back on tourism. We recently also added the US tourism page which tracks the international tourism in the USA. Western Europe Tourism so far 17% down compared to last year March.
Still waiting on the North America numbers ( Canada ) which have not been published yet it seems.
Half way through the day, current Market Tide.
Note: You can now plot OTM & ALL Market Tide at the same time
$INTC post 1D earnings move have def. been something. Currently at -6% within the expected move. Following the trends of the past 2 earnings. Let's see if it hold till tomorrow