Opendoor Meme Stock Mania Gamma Squeeze? | Bull Market Has Legs? | FOMC Fed Dissents Coming? | Options and Mag 7 Earnings
By Derek Moore
Show Summary:
Derek Moore and Mike Snyder get into why anyone was short Opendoor and how the options market is flashing crazy implied volatility. Plus, how volatility and price movement may cause market makers to buy shares known as a “Gamma Squeeze”. Later, they get into how the signs are there that this bull market might have more to run (or not). Oh, and let’s not forget to look at what the options market is forecasting for expected moves on Microsoft, Amazon, and Apple earnings next week. All this plus some recommendations this week.
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Topics Include:
- Short Interest on Opendoor
- Implied volatility in the options for Opendoor
- What is a gamma squeeze?
- Why market makers might be forced to buy more shares to hedge when people buy calls
- How implied volatility, price, and time impact how many shares market makers buy
- Looking at a monthly breakdown of when all-time highs are reached by month
- Analysts are forecasting the most dissents by FOMC members at a meeting in 30 years
- Looking at market breadth widening
- Comparing the RSP equal weight ETF vs the SPY ETF performance lately
- Median single family home prices are holding up
- Why Are Stocks Up? Nobody Knows WSJ article
- Median S&P 500 Index Performance after 60 days above the 20-day moving average
Mentioned in this Episode
Jay Pestrichelli’s book Buy and Hedge
Derek’s new book on public speaking Effortless Public Speaking
Derek Moore’s book Broken Pie Chart
Contact Derek