Good Morning!

This was another day where our SPY analysis played out exactly as projected. SPY was on a grind upwards until it met a large resistance at 738. I along with many members of the live alerts group made a quick in and out trade on SPY to capture around 20%.

Our bot trades also posted some bangers for live alert members. These alerts are auto triggered when options scanning software picks up options flow from smart money:

Bot alerts delivered 3 different 100%+ gainers on Friday. We will continue to do our best to bring high quality alerts both on our SPY trades and smart money options flow trades.

You can opt into the live alerts below if you want in on the action!

Whale Watching is our recurring segment where we share some of the most significant option trades from smart money. This was the most significant flow for Friday in my opinion:

INTC continues to just be on absolute fire. Nearly 12 Million dollars of premium came across this contract in the late stages of trading on Friday. It continues to impress and defy odds as a legacy business that has reinvented itself. I do not personally own any of this options contract but will be watching it closely. INTC can move fast… and that goes for both directions. However, this particular whale or set of whales have put significant value on INTC going up this week. We will certainly be monitoring how it plays out as the week progresses.

SPY is slightly red in the premarket as I type this. Right now we sit in a pocket of negative gamma. We largely have been in positive gamma for the last few weeks so it will be interesting to see how this shakes out as we open the day. The largest node is above at 340, so that is something to keep an eye on.

Unfortunately, the snapshot we have right now in premarket doesn’t give us a strong directional pull yet. We will have to wait and see how the market opens and watch to see if gamma builds up overhead or underneath. This will ultimately help us determine the direction SPY is going to take today.

The geo-political tensions have been cranked up again a little over the weekend so we can’t ignore the news driven side of things that really controlled the markets in most of March and April.

As of now, I am in a wait and see mode with SPY and want to watch how the gamma situation unfolds and will pick my positions from there.

Thanks for your early support with the live alerts. I’ve enjoyed bringing them to you in real time and I am super stoked that we have been winning the trades early on. This email publication will always be free and I will always continue to provide the same information here that I have provided for months.

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Have a great Monday!