Ben Affleck was wrong (and it only took 6 weeks)
Most traders woke up this morning worried about NVIDIA's sideways action since September. They're staring at P/E ratios and wondering if the AI trade is dead. Meanwhile, something happened this week that's about to obliterate entire industries - and create massive opportunities for the traders who see it coming. I'm talking about Seedance 2.0. If…
Don't Fix Broken Markets. Trade Them.
The S&P 500 just closed at 6,850. That puts it right on the bottom of a range it has traded inside for months. October, November, December, January, and now mid-February. A nearly $7,000 product stuck inside a 100-point band. The longer it stays compressed, the more gamma risk accumulates. Open interest in the SPX option…
1342% profit on a butterfly (I finally did it)
I paid 35 cents for a butterfly three days ago. This afternoon I closed it for $5.05. That's 1342% profit on a zero-day-to-expiration SPX butterfly trade. I've been chasing four-digit percentage gains for 10 years. Sending out text alerts with triple digits, always wondering what it would feel like to add that extra number. Now…
Flat markets aren't safe. They're powder kegs.
The S&P 500 looks dead flat. Has for months. Everyone thinks that's boring. Safe. Nothing to worry about. They're sitting on a powder keg and don't even know it. Right now, we've got what I'm calling a "tsunami of gamma risk" building up under this sideways market. And when it finally lets loose, the moves…
Gamma Risk Primed to Explode
The S&P 500 traded 1.3 million contracts today and went nowhere. That volume on a flat day should concern you. Gamma risk in this market is primed to explode. The S&P 500 has been grinding sideways in a tight range centered around 6,900 since mid-October. Every week the market sits in that range, open interest…
The 3 contrarian trades I just dropped on Schwab (they're betting against the madness)
Just wrapped my segment on Schwab's Trading 360 and I had to tell viewers something that should terrify every trader: Zero-day options on four stocks are literally taking over the entire market. Google. Microsoft. Amazon. Tesla. That's it. That's your whole market now. When gamma risk on four names drives everything else, we're not…
The gamma revolution that's making traders irrelevant
Look, I'm gonna tell you something that's gonna piss you off. As of one week ago, you're living in a completely different trading world. And if you think whatever worked five or 10 years ago is gonna work today, I have news for you. You're about to become a ghost. Here's what nobody's figured out…
The $5 Trillion Market Manipulation Nobody's Talking About
When you can move a $5 trillion market cap, you can move the entire NASDAQ. It's pretty easy. NVIDIA just crossed $4.6 trillion in market cap – I round it to $5 trillion because what the hell, we're going there anyway. But here's what nobody's connecting: when one company gets that massive, it becomes the…
From Panic to Manic: Is Selling Over?
The S&P 500 just closed the week unchanged to the penny. Meanwhile the Nasdaq barely caught the lower edge of its expected move. That disconnect matters more than today's 120-point rally suggests. The market moved 200 S&P points this week. That range doubled what we've seen over the last few months. Most recent weeks traded…
This rally is hiding something dangerous
Listen, I know everyone's celebrating the Dow's 900-point rally today, but something's making me genuinely uneasy about this market. And when I get uneasy, I start looking for ways to profit from what's coming next. Here's what I'm seeing that has me concerned — and how I'm actually trading it. The One Thing That Always…