I recently spent a month in Asia, including 10 days in China, where I met with senior policy makers in several countries, and I found that over the past few months, there has been a big shift in the world order. I share my perspective in my latest article.ย
As always, I welcome your questions and thoughts.
BREAKING: We just caught another interesting stock trade.
Rep. April McClain Delaney just filed purchases of up to $130,000 of stock in BWX Technologies.
BWX supplies nuclear reactors to the US Navy.
Delaney sits on the House Committee on Tech.
We'll be watching $BWXT
Case study: Today's $SPY call debit spread for +190%.
Morning thesis was a grind higher with $760 as the MVC and $755-756 as support. Positive gamma at $760 was building since the open. I picked a debit spread over long calls because the $760 GEX wall capped the realistic upside.
Entered early in the session after $755 held. Sat through a little chop before momentum showed up. Two call spikes ($8M, then $7M) confirmed the bid was real.
Closed for +190% near $760.