Locator: 44841WTI.
We are going into a five-day weekend that starts today. After 12:00 noon EDT the floor-walkers aren't coming back -- they're on the train back to New Jersey or Westchester to start their July 4th weekend. We'll see max activity between 11:00 a.m. and 1:00 p.m. EDT today.
Expect no volatility.
Traders are taking advantage of the recent sell-off.
Fund managers are planting their seed corn for 3Q23 bragging rights.
Pre-market:
Either:
- fundamentals matter, or,
- FOMO --> short squeeze --> a Friday blowout.
A reader sent me a note that a well-known fund manager sold "her" NVDA the other day. She's a trader and should have made a killing. She did the right thing as a trader, taking her profits. She was taking Cramer's advice: bulls and bears both make money. Hogs get slaughtered.
NVDA: today, pre-market:
NVDA: one year.
NVDA: max.
Trending right now:
Katie/Katy, if this holds bar the doors -- FOMO --> short squeeze --> gamma squeeze --> stratosphere.
If there's a sell-off this afternoon, the short-sellers held, and the profit-takers moved in.
If this goes to/through the stratosphere, we'll bee talking about a gamma squeeze.
I assume a lot options expire on a Friday going into a five-day weekend.
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