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Options activity around last week’s Jackson Hole Economic Symposium hit extraordinary levels, underscoring investors’ renewed appetite for short-dated bullish wagers on U.S. equities. Data cited by derivatives research firm Tier1Alpha show that 69% of total option flows tied to the S&P 500 on Thursday were in contracts expiring the same day, the highest share on record. The shift intensified after Federal Reserve Chair Jerome Powell delivered remarks that traders interpreted as marginally less hawkish. On Friday, investors snapped up about 47 million call contracts across all OPRA exchanges, reversing the prior day’s positioning and pointing to expectations of further gains in the benchmark index and in high-beta names such as Tesla.
$SPX Trade Idea: August 27th 6500C 💡 📈 Trigger: 6480 🎯 Target: 6500 🛑 Stop: 6470 SPX closed at 6466.92 just below all time highs. The market responded very fast to Powell's opening remarks and the update in interest rate forecasts. Equities were boosted by this and saw https://t.co/MuKyO7a8fm
$AFRM Trade Idea: August 29th 82C 💡 📈 Trigger: 80.49 🎯 Target: 82.61 🛑 Stop: 79.69 AFRM closed at 79.49. Price has rejected the local 80 highs a number of times, making it strong resistance. Price respected it again on Friday closing just below. A true breakout of this area https://t.co/WnGSlhGMm0
$UBER Trade Idea: August 29th 100C 💡 📈 Trigger: 97.72 🎯 Target: 100 🛑 Stop: 96 UBER closed at 96.79. We’ve seen several attempts to breakout and run toward 100 that have been held back. Now with more energy stored up, UBER looks ready. 97.72 marks the highs with a breakout https://t.co/jWfXTSXv02
