Strait Talkers
With the ceasefire expected to end on April 22nd, a new wave of volatility could be on the horizon without an extension or deal.
Trump plays Hardball
New developments in the Strait of Hormuz have once again spooked investors as President Trump took to Truth Social to threaten Iran.
Futures have once again sold off, while oil rose on the news.
Earnings to Watch
Tuesday
UNH 0.00%↑
UNH earnings pivots
Long >315
Targets 320, 325-330
Sustained trade >330 is set to benefit positioning at 340
Potential weakness below 310 / no longs below
Loss of 300 targets 290, 280
GE 0.00%↑
GE pivots
Short <305
Targets 300, 295
Long >310
Targets 315, 320
Wednesday
BA 0.00%↑
BA pivots
Long >220
Targets 225, 230
Sustained trade >230 targets 235
Loss of/Failure to hold 220 can allow sellers to regain control
Targets 210, 200
TSLA 0.00%↑
Prediction markets (Polymarket) currently believes that TSLA has about a 35% chance to beat quarterly earnings.
The market shift to pessimistic has come after TSLA missed deliveries at the beginning of the month, leading to a sell-off that TSLA has since recovered.
TSLA pivots
Long >400
Targets 405, 410, 420
Short <400
Targets 390, 380
Stocks to Watch
KWEB 0.00%↑
After the market closed for the week on Friday, a very unusual late option order was filled for U.S. listed Chinese Internet ETF KWEB.
The order could be found on the 5/29 KWEB call option chain and was a new opening order over $1m at the 31.5c.
The order filled over 20% above the high fills of the session with the buyer clearly having a very strong conviction and willing to pay a premium before the stock has begun to move.
