Trading with Lorenzo

$SPX 0DTE and $ES Futures Trader

[*Walter Bloomberg @DeItaone]

$NVDA - NVIDIA BOARD REPORTEDLY PREPARING TO OUST CEO JENSEN HUANG

Nvidia is reportedly preparing to remove founder and CEO Jensen Huang following revelations of two extramarital affairs, including one involving a suspected Chinese intelligence operative.

The board could meet as soon as today to decide Huang's future, according to people familiar with the matter.

No final decision or official announcement has been confirmed.

[*Walter Bloomberg @DeItaone]

$NVDA - *JENSEN HUANG SAID TO HAVE HAD RELATIONSHIP WITH NVIDIA EXEC:NYT

*HUANG SAID TO HAVE RELATIONSHIP WITH VP AT NVIDIA: NYT

[Trading with Lorenzo @Enzotradez]

@charliebilello People who sold every scary headline missed this one too. $ES_F went from the mid-7500s OVN to the 7650s by midday. The trend matters more than the headline.

[Trading with Lorenzo @Enzotradez]

@Barchart Trend days like this are why I stop trying to call the top. $ES_F pushed through 7619-7624 and is now testing 7645-7650. Pullbacks into that area are what I'm watching.

[Trading with Lorenzo @Enzotradez]

@CNBC 'Borderline disturbing' is strong language from a Fed official. Futures don't care yet. If $ES_F loses 7600 after the open, I'd guess this headline is why.

[Trading with Lorenzo @Enzotradez]

@Mariusz_Invest @grok Green premarket is the easy part. The real question is whether $ES_F accepts above 7619-7624 or fades into a gap fill. First 30 min tells the story.

[Trading with Lorenzo @Enzotradez]

@MikeZaccardi @optionrats 8.4% priced with the stock already down ~30% from the highs. That's a lot of fear baked in. Index-wise, NVDA has been steering $ES_F all week, so it matters for 0DTE too.

[Trading with Lorenzo @Enzotradez]

@zerohedge Fair warning, but levels decide for me. $ES_F holding above 7600 after the open keeps the bounce alive. Back below 7569-7575 and I'll agree it was just a bounce.

[Trading with Lorenzo @Enzotradez]

@wallstengine Hike priced, stocks still gapping up. Tells me the market cares more about AI demand than one more 25. If that changes, $ES_F 7558-7566 is where I'd find out.

[Trading with Lorenzo @Enzotradez]

@MikeZaccardi Market's taking 25 as a given and treating 50 as tail risk. That's why tech can rip on CRWV today. Any Fed speaker leaning 50 and that $ES_F gap is fragile below 7600.

[Trading with Lorenzo @Enzotradez]

@Mr_Derivatives And the hot CPI didn't even stop it. Next test on $ES_F is 7645-7650 (June high area). Acceptance there and the bounce gets real, rejection and we're back in the range.

[Trading with Lorenzo @Enzotradez]

@FirstSquawk +1% OVN puts $ES_F right into 7619-7624. That's the line for the open: hold it and 7645-7650 is next, lose it and this turns into a gap fill.

[Trading with Lorenzo @Enzotradez]

@zerohedge Big gap on a holiday tape with bonds shut. For $ES_F I want to see 7619-7624 accepted with two closes before trusting it. Fail there and 7600 then 7569-7575 come back fast.

[Trading with Lorenzo @Enzotradez]

@RedDogT3 Same read on $ES_F. 7619-7624 is the first real test for me. Acceptance above opens 7645-7650, a failed break puts the gap fill toward 7569-7575 on the table. Trailing anything long, not targeting the moon.

[Trading with Lorenzo @Enzotradez]

$ES_F 10:27 update: 7666.75, +111 on the day.

Trend day off the OVN low. Price cleared 7600.50, the 7619-7624 weekly level, the 7631-7634 daily zone and the 7645-7650 June high area, then broke the 7662 daily level.

Now pressing into the 7670-7680 weekly supply (11/04 low 7679.75).

Above: 7679.75, then 7691-7699
Below: 7662, then 7645-7650

Accept above 7680 or fade back to 7650?

[Trading with Lorenzo @Enzotradez]

$ES_F trade 11/11 (2 cons)

Long 7627.25 -> 7646.75 +19.5pts

Price reclaimed the 7619-7624 weekly level and held the 21 EMA. My indicator fired a long and I bought the IB high retest. It kept going through the 7631-7634 daily zone and I trailed it.

Took it off at 7646.75 when I saw weakness into the 7645-7650 weekly level.

+19.5 pts, +$1,950 before fees.

[Trading with Lorenzo @Enzotradez]

$ES_F trades 11/11 (2 cons)

Short 7612.25 -> 7599.25 +13pts
ORB short signal from my indicator at the cash open, 5-min range acceptance. Covered into Monday's high area for the scalp.

Long 7603.5 -> 7600.5 -3pts
Long signal off Monday's 7600.50 high. Price couldn't reach the VAH or my 7619-7624 weekly level, so I cut it.

Net +10 pts, +$1,000 before fees.

[Trading with Lorenzo @Enzotradez]

OVN kept going after this. $ES_F ran to 7597.50, just under Monday's high 7600.50.

7569-7575 is my line for Wednesday. Hold it, I'm buying pullbacks into 7569-7580.
https://t.co/7MstWavVJ2

[Nasí @baalhadid]

US OVERNIGHT WATCH — Nov 11
――――
▸ ES Futures: 7,586.75 (+0.2%)
▸ NQ Futures: 28,178 (+0.6%)
▸ YM Futures: 52,430 (-0.1%)
▸ USD/JPY: 158.81 (+0.5%)
▸ 10-yr Yield: 4.98% (+12bps)
――――
▸ SPY closed: $749.92 (-0.4%)
▸ QQQ closed: $674.76 (-0.7%)
▸ VIX: 19.5 — moderate

Asia opens with the US 10-yr at 4.98%.

[Trading with Lorenzo @Enzotradez]

The cash pin was 7520, but $ES_F already left it in OVN. Ran to 7597.50, just under Monday's high 7600.50.

Bonds are closed for Veterans Day, so the open can get sloppy. 7569-7575 is my line. Hold it, I'm buying pullbacks. Lose 7562-7563 and the long bias is off.
https://t.co/p4q73KKeu9

[Doc aka Trader McGraw @doc_mcgraw]

🔔 CPI DAY CLOSE: THE PIN WON
$SPX closed near 7,520, down about 30, parked on a strike sitting in tomorrow's options.
❓ THIS MORNING'S QUESTION: was the roughly 60-point straddle too cheap ahead of CPI?
✅ THE ANSWER: no. Close to close we moved about 30 points, about half of what was priced. The midday low near 7,470 tagged the 1.5x rail and held.
📌 THE PIN: a large put debit spread in tomorrow's expiration, opened Monday, still sits at 7,520. It pulled us right to it. Want to know where we'll pin? Look at what's prominent in the 1DTE.
📰 THE LATE HEADLINE: at 3:44, Iran's parliamentary speaker said China plays a "prominent role" in helping end the war. Price popped toward 7,535, then settled back on the pin.
🌡️ VOL: VIX slipped to about 19.5 even on a down day, and VIX9D fell under it to about 18.6. That was this morning's tell: more hedges came off.
📈 RATES: the 10-year yield jumped about 12 basis points and poked through 5% before settling near 4.98%.
📊 UNDER THE HOOD: NVDA fell another 5%. $QQQ topped at its 680 gamma level and faded.
Plain language: CPI made the noise. The options board wrote the ending.

🎯 WHAT'S PRICED FROM THE 7,520 CLOSE
Wednesday: about 51 points → 7,465 / 7,575
Friday, PPI and weekly expiration: about 93 → 7,425 / 7,615
Wed 11/18, VIX expiration and the new SPXO contract: about 139 → 7,380 / 7,660
Fri 11/20, November expiration: 161 → 7,355 / 7,685
🏦 Bonds are closed tomorrow for Veterans Day. Stocks are open.
🗺️ THE BOARD FOR TOMORROW: across all expirations, 7,350, the selloff low, stands out as the big positive. Above and below us it's mostly negative gamma, with 7,550 the big one overhead.
⚡ FORECAST: whippy. Negative gamma lets moves travel in both directions.

📺 LIVE 8:30 AM ET tomorrow on YouTube and X.
📣 DOC'S COMMENTARY: live updates and screen shares in the Discord, all session long.
👉 Full plan and live room 👇
https://t.co/SgjIglzBq8

Gotta WATCH the FLOW to be in the KNOW. 🐐
#SPX #CPI #0DTE #OptionsTrading

[Trading with Lorenzo @Enzotradez]

Hike talk is loud after the hot CPI print, but $ES_F already ground back through 7569-7575 and tagged 7597.50, just under Monday's high 7600.50.

No data on Wednesday's calendar. I'll trade the levels. Long bias while 7569-7575 holds.
https://t.co/FCpVF5F4qM

[zerohedge @zerohedge]

Goldman adds third rate hike to forecast

"The October CPI report surprised meaningfully to the upside across several categories and marked a third month of worse inflation news. We continue to expect a second 25bp rate hike in December and are adding a third 25bp hike to our forecast in March 2027. A third hike could come earlier in January, but we think March is a bit more likely because we expect the November and December inflation reports to be softer but then expect larger start-of-the-year price increases amidst ongoing cost pressures to boost inflation in January"