Hard to say exactly how the dealers are positioned vs the street, but either way, the exposure at the 5K level for this OPEX is WILD. 

The way I currently understand it, it will have a tendency to accelerate as it pushes past 5K towards 4980 because dealers will be forced to sell into the move to hedge their short put exposure.  That's assuming the street is net long 5K puts. Maybe they are net short puts because that's been a major trend recently? That would still cause an acceleration most likely because covering puts would lead to VIX spike.  Most likely outcome is a pin, but if it flips, it could get rough fast. 

Gamma going to throw a fit if we push below 5000 before the massive OPEX tomorrow. 

All I can say is that I'm so glad my rental property is in Hawaii and not near downtown Honolulu or the airport (I'd guess they are giving many migrants free plane tickets to HI at this point). But I'm still planning to sell as soon as I have a window between tenants.  Can you imagine having a rental in any mainland city experiencing a migrant crisis (most major mainland cities) and "families" of 10 - 15 applying to live in your 2 bedroom?  

NYSE VOLD slipped negative 3 minutes ago. NQ still at 1.7 (weak, but postive)

DXYZ - anyone in buy and hold mode on this name (I was but not anymore) should at least check out Bob Elliots set of X posts about it.  

I got out with about a 50% gain. Thanks Shellson! 

I was looking at the fundamentals for this the other day and was like WTF?  Is it really that popular?  I don't get it.  It's empty whenever I go to the mall (rarely). 

NFLX pricing in a massive earnings move today.  I don't have a good feel for it one way or another.  I think the password sharing crackdown was the right move at the right time, but that boost is going to play out at some point. I cancelled my membership as I have been looking to pare unnecessary sub costs and only have time for 1 streaming service at a time (I'll rotate back at some point).  Households with kids probably stuck with multiple, but now > than 50% of Americans are single and very few having kids. The long SAG strike didn't help. They haven't been updating shows...

Rev projections are HIGH and it's already expensive. They will probably get whacked if they don't beat and raise. 

I still have VOLD at 1.75 (but not ramping higher) and and upward sloping ADL.  

The 1.75 is NYSE. NQ is 2.2. 

Sliced right through session VWAP. Now at -1 sigma line.  My strategy for the BPT reversion to mean trades on the long side (market downtrending) is to sell short dated SPX put spreads. I have some expiring tomorrow and some Monday and Tuesday.  4960 is current line in the sand for me, but I have the rolls teed up if the market gets anywhere near those levels (roll to 4920 expiring next Wednesday).

Internals still relatively positive. Until they flip, my assumption is that the big boys are baiting in as many shorts as they can before making a decent run higher.

12? It's at 8 and they're about to have their revenue slashed by 40% (that's the historical average after halving).  Holy bejeezus.  12 would be awesome. BTC would probably be at like 140K if that happened. 

SPX 2m - looks like completed ABC (or we're in b of C?). Internals still positive. It almost recycled back to touch session VWAP...maybe it still will.

KRE - my previous posts on this have been aging well     The weekly has a big H&S look.  However, if that triggers, I think QE also triggers....which means buy buy buy.  There are already some shenanigans going on in the background to prop it up (Global central bank liquidity readings say as much), but when they go open kimono about it again it will mean they are flooding the zone and that's when I will be running into whatever assets I can find that inflate while they incernate cash (again). 

SPX - internals confirming rally mode (even with the dump just now). VOLD = 3.4 and steadily ramping higher.  ADL sloping higher. 

HQY (daily) - this one makes me feel like I'm fishing and have a bunch of nibbles, but I don't want to try and set the hook too quickly (but way more annoying).  Haha. Will take a shot on a close above 82. 

Copilot response:

Caffeine - any idea where they get the  anhydrous caffeine they put into energy drinks these days?  I assume it's not derived from coffee, but I really have no clue. If it was derived from coffee, that would be horrible for a sneaky strong industry (MONST,  CELH, etc). I mean, they have been eating SBUX's lunch and laughing all the way to the bank. 

SPX - looks decent and we're due to bounce, but be careful as it's sitting right at session VWAP. 

I've always wanted to get into systems but time was a major barrier to entry. Generative AI basically blew all my excuses out of the water - it does most of the initial work. I just tweak.

I think I posted the stats for the NVDA bol band system. They were good....but of course they were - the stock has been a multi year monster and probably will continue to be. That said - it's definitely in law of large numbers territory now and analysts are expecting decelerating earnings either later this year or the year after (I forget which) as competition ramps up. Every big winner eventually gets whacked back down to normie range -  APPL has taken a few long breaks over the years, GOOG, AMZN,TSLA, MSFT (why do you think they call it softie?), etc - no one escapes the eventual fall from cult stock status.