Lots of plays for accounts of all sizes so I hope everyone got a piece of the action. If you’d like to share a pic of your profits, I’d love to see them. Have a great weekend and I’ll see you all here for the Sunday watchlist!
Today was all about the jobs report. An uptick in unemployment led to lower yields and higher equities. Combined with that, we got oil back under $90. Rate hike odds continue to decrease and equities will continue to rise if that stays the course.
Another great week for me. September is over and it’s time for Uptober. This week I opened $RIVN CSPs, closed $VST CSPs for +30%, opened $NOK LEAP calls, opened and closed $DRAM CSPs for +35%, and opened $BMNR CCs.
The current LEAPS environment is being shaped by strong tech/AI momentum but also higher oil, yields and volatility important factors for long-dated calls because they affect both the underlying stock and option pricing. tell me the ticker and I’ll give you the latest update.
The U.S. options market just experienced a major $7 trillion triple-witching expiration, which could lead to changes in positioning and volatility as traders roll into new contracts.
2029 LEAPS are now officially available, with exchanges beginning to introduce the contracts on Sept. 14, 2026. This gives traders access to longer-dated options extending into 2029.