Good Morning!

Friday Made for another profitable day for our trading group! We knew it would be a volatile day and it surely was! Fed Chair Kevin Warsh sent markets sinking once his speech was digested but that was not before they spiked upon the conclusion of his speaking. We sold bear calls and what was almost perfect timing into heavy resistance and were able to close the trade pretty quickly for nearly the full gain.

It was a good and quick trade and made for our 31st winning day out of our last 32 trading days! We are on and incredibly high win streak!

I use data, gamma positioning, and options flow to get my trades positioned right and share them with subscribers in real time. You can get signed up below and trade with me!

I’ll go ahead and discount your first month!

Whale Watching is our recurring segment where we highlight the most impactful options purchases from the previous trading day.

This AMD contract came through on Friday was particularly bearish. There wasn’t a ton of options action on Friday from a repeater standpoint. It seems most traders were mostly sitting on the sidelines for the Fed speech as well. This is one of the few that came through and it unfortunately signals bearishness coming into October. It’s not one that I have a position in but it is one to keep an eye on as we round into the fall months of trading starting soon.

We are trading down about 0.40% with renewed tensions centered around the strait of Hormuz. We find ourselves sitting atop some negative gamma at current ranges. This can escalate volatility. Positive gamma, where volatility can slow down, doesn’t start until about 768 for SPY. The way we often trade on days like this is that you see the worst of the price action during premarket as we price in bad news. We have a volatility spike during the first 30 minutes of the market being open and then we settle in for where we are going to trade for the day. I expect that to happen today. I expect the first few minutes of trading to be expansive and then for the market to settle in and be pretty range bound for the day and likely be a mildly red day for the day.

Thanks for reading another edition of OPG Order Flow! If you want to trade with us please use the link below to access all of our alerts, commentary, and data!

I’ve gone ahead and applied a discount to your first month.

Thanks!

-Caleb