Good Morning!

We had another winning trade on SPY as myself and live alert members generated a 30% return based on the spy analysis that I conducted upon market open. This makes the first 3 days of the live alerts a success as we’ve generated returns on spy of 30%, 30%, and 20% to kick things off.

Rob has generated nearly ~$150K of profits from this one trade from the live alerts within our group!

This is absolutely insane. What an absolute banger of a trade.

Be sure to use the button below to become a part of our live alert group!

Whale Watching is our recurring segment where we monitor markets in real time daily and share what the most significant options buys from smart money on Wall Street were. Here is today’s most interesting contract:

This one isn’t the most high volume of contracts that we’ve shared in this email, but what makes it interesting is that it generally has a low volume of options flow on it. Today nearly $1 million came in on FPS. These mostly came in as sweep orders that filled at the ask or above ask, both of which are incredibly bullish. I don’t actively have a position in this one but I will absolutely be watching to see if something becomes of it. I will be watching for unusual flow or anything else that could potentially signal upside in this name. I always love when flow hits a largely obscure ticker. This one fits that bill pretty well!

SPY currently sits red in the premarket after CPI data came in higher than expected this morning. In fact, the April CPI print is our highest in 3 years. SPYs initial reaction is obvious as we sit down a quarter percent in the premarket.

Right now we are in a pocket of negative gamma. There are 2 potential paths for the market to take today (I know…. great call right?!). What I am looking for is the potential for the market to flush upon open. The negative gamma exposure that currently exists could take us into low 730’s if the momentum is right. I want to see how gamma positions when we open, though.

And strangely enough, I think there is a chance the worst of this dip is in the premarket and that we go green shortly after open and work our way back towards 740. This is one of those days where I am not going to know the answer until we are open and I can see how gamma is playing out.

I am ultimately looking to play the flush this morning or play the grind back towards 740. I will allow the gamma positioning to make the final decision for me as the data settles upon market open.

Be sure to join us for live alerts! We’ve had great success in the first 3 trading days and look to keep building upon that.

Looking forward to seeing you inside!