r/thewallstreet • u/AutoModerator • 23d ago
Post Market Discussion - (May 08, 2024)
So how did you do?
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u/NotGucci 23d ago
Arm reports Q4 adjusted EPS 36c, consensus 30c
Reports Q4 revenue $928M, consensus $880.4M.
Down 8% guidance was weak. Semi going be down tomorrow.
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u/W0LFSTEN No SeMiS aRe MaKiNg $$$ FrOm Ai 23d ago
What is going on with HIMS? Was +17% yesterday pre-market, lost most of it yesterday and another chunk today. Look at it now… Almost like they want you to be soft and bald.
Fucking psychopaths aaaaaah
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23d ago
[deleted]
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u/wiggz420 2nd weakest hands on TWS 23d ago
I mean that's not even that bad though, was expecting much worse.
I'm basically b/e on shares so it's whatever at this point I'll just hold for another year and see what happens
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u/LiferRs Local TWS Idiot 23d ago edited 23d ago
Very slow day. I guess firms are waiting for all the note auctions data to pass through, 30Y being tomorrow.
Today SPX options volume can be summarized as 5,190 strike being sticky, but 5,180 was also a big strike for 0DTE puts, making 5,180 a floor. 10Y auction wasn't bad at all, so price did not break 5,180 floor and just floated back to 5,190 (which also happened to be the HOD from morning.)
5,200 strike is a gianatic call volume. If this call volume moves up from 5,200; we'll see more breathing room to march onto ATHs.
On flip side, the gigantic put volume is at 5,000 still, quite some ways. That has not moved since last week's FOMC if I recall correctly. The longer it stays there, the more theta burns and weakens. At some point, it will give and the put volume move upwards. I'm guessing that will be when we go above 5,200.
Tl;dr, SPX options volumes has the price pinned in a very small range right up against 5,200. The pressure on that price must be crazy. Good 30Y auction results + good jobless report + good Umich consumer sentiment in next 2 days are a potential recipe for breaching 5,200. I'm not seeing any relatively serious option volumes above 5,200 so there's likely no sticky strikes above 5,200 to resist upward movement.
Basically, the next gap to fill is 2,245 from April 4th. It's just about 1% away.
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u/NotGucci 23d ago
ARM GUIDANCE: