Aug 3rd - 7th
COT - Small rally? We going up? Maybe not as easy. The AMs are still not buying and the 2.5%+ rally from the 729 lows isn't them. The leveraged funds shorts covering based on COT analysis done by Gemini. In fact, the CTAs are running out of steam, and the AMs are letting the price come up and letting their 500+ contract sell limit orders get hit buy price. They are capping the momentum. No new buys from AMs and the CTA’s losing steam. Top heavy and short bias is still active. Can we hit the next week call wall 760? - -
OPTIONS - Options give us the best picture. Lets see what it looks like.
1 more week before we are in the august OPEX starts. Aug 7th expiration data. CW - 760 and PW - 730. -100M negative gex to 40M positive gex. 720, 710, 700 are the highest weighted put strikes. Gamma flip is 747.30
NEWS - Tuesday, Thursday and Friday = Jobs, Non-farm payroll and employments data.
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EarningsWatcher (@earnings_watch) on X
Earnings Calendar By Implied Move - Aug 3rd $SNAP $ON $PLTR $CLX $FANG $TSN $VRTX $MAR $ALAB $OPEN $UPST $IT $PINS $ANET $AMD $SPOT $MPC $CAT $BKNG $AMGN $GILD $MRK $MCD $PFE $GFS $SOUN $APP $SYM $SHOP $DASH $XYZ $MELI $LLY $UBER $DIS $OXY $DDOG $TEAM $TTD $NET $LYFT $ZTS $DKNG
