Last night, I shared my latest assessment of gold, equity indices, crypto assets, and the US dollar in the futures livestream room on the Tiger Brokers platform following the release of news regarding US Treasury purchases of government bonds. The central focus of the livestream was how to determine whether the market had shifted from a consolidation phase into a new trending phase by analyzing correlations among different asset classes. For those who were unable to attend, the replay of the video course is available below: Massive US Treasury Rescue Buying! Gold Surges, the Dollar Plunges: What Trading Opportunities Lie Ahead? I will now categorize and summarize the key information and trading-related insights fro

$SPDR S&P 500 ETF Trust(SPY)$ QQQ suddenly initiated a small pullback, with the target being the starting price from August 3, around 710. SPY also looks like it's heading for a pullback to 760. This pullback isn't actually that small, but compared to July, it is. In terms of magnitude, it's simply giving back the excess gains from August 4. Even if it pulls back to 760, SPY's August gains would still be positive. The VIX 24 Call opened 146,600 contracts $VIX 20260916 24.0 CALL$ . Compared to the previous 28 Call opening, this is relatively moderate — suggesting that this pullback will likely push the VIX only into the low 20s. $SanDisk Corp

Selling Volatility For Income!  Market has been Quite volatile past 2 months and it's has been good for my tiger option selling Book. Selling cash secured puts, a slow and steady trade that has a high win rate or POP or 80-85%

$SPDR S&P 500 ETF Trust(SPY)$ This week, SPY is being held below 780 — not my opinion, but dictated by the Bull Call Spreads: $SPY 20260814 780.0 CALL$ $SPY 20260814 788.0 CALL$ Rotation is back in play, with semiconductors once again becoming the sector being reined in. Last week's big regulator, NVIDIA, pulled back, while pharmaceuticals and software rebounded. $SpaceX(SPCX)$ There are two possible scenarios for this week: one is the stock being trapped in a 125–135 consolidation range; the other is breaking above 135 and trading in a 135–155 range. Either way, selli

$CoreWeave, Inc.(CRWV)$ $NEBIUS(NBIS)$ are in an awkward position — especially CRWV. The key takeaway from earnings isn't in the financial results themselves, but outside the filings: GPU rental prices. It's similar to how storage stocks are priced — earnings only become interesting after long-term agreements (LTAs) are signed; before that, it's all about whether storage prices are going up. For data centers, both of these companies are heavily leveraged and asset-heavy. Whether they can turn a profit depends entirely on whether GPUs can be rented at good prices. If GPU rental prices fall, even stellar earnings won't save the stock — because institutions will reason that if you're renting cheap but bought

$SPDR S&P 500 ETF Trust(SPY)$ The news came out the day before yesterday that Anthropic is planning an IPO in September or early October. That would be right after Triple Witching on 9/18 — which roughly translates to bullish after Triple Witching. The bullish playbook is probably similar to before: continue squeezing the shorts, with the broader market dipping first then rallying. Oh, SPY might not drop, but some sectors will. IGV opened 50,000 contracts of the September 18-expiry 90 put$IGV 20261218 90.0 PUT$ — a buy-side bearish bet with a notional value of approximately $13.5 million. On the same day, PLTR opened 28,000 contracts of the 140 put

$SPDR S&P 500 ETF Trust(SPY)$ I think these two lines are all the headline this article needs today. No need to analyze any other stocks. SPY has rallied to 775 — just close your eyes and pick any stock, and you'd make money. SPY dropped a massive block trade on the market — the August 21-expiry 775 call $SPY 20260821 775.0 CALL$ opened 50,000 contracts (buy-side). And today, more large bullish call trades continued to open during the session: 49,700 contracts of the August 14-expiry 775 call l$SPY 20260814 775.0 CALL$ , and 20,000 contracts of the September 18-expiry 820 call

$SPDR S&P 500 ETF Trust(SPY)$ Friday's nonfarm payrolls data is the big test, but Wednesday's ADP small employment report showed only 44,000 new jobs — missing expectations — which has made the market less certain about a September rate hike. It's not out of the question that SPY could retrace to 760 over the next two weeks. After that pullback, it's expected to remain in a high-level consolidation range. $SK hynix(SKHY)$ All seven storage companies have now reported earnings: Samsung, Hynix, Micron, SNDK, Kioxia, WDC, and STX. There's nothing wrong with the earnings themselves — the only problem is that prices got too expensive and got in the way of the cloud providers. How could a Korean storage comp

"Stock God" Leopold was margin-called and forced to transfer his holdings — Citadel Securities swooped in and picked them up at a bargain price. The very next day, the market rebounded sharply with a massive surge. There's something worth reminding everyone about: Citadel Securities acquired Morgan Stanley's options market-making business in 2025 and is likely the largest options market maker in the market today. As we all know, options liquidity is provided by market makers, so Leopold's large block buy orders were essentially visible chips in the eyes of the market makers. This reminds me of the old saying — "the mantis stalks the cicada, unaware of the oriole behind." The large block trades I've been tracking might just be fat lambs waiting to be sheared in the eyes of the market makers

$SPDR S&P 500 ETF Trust(SPY)$ This is the most aggressive single-leg bullish bet I've ever seen: $SPY 20260821 785.0 CALL$  — a block trade buying the August 21-expiry 785 call, opening 85,000 contracts. $SPY 20260814 775.0 CALL$— a block trade buying the August 14-expiry 775 call, opening 85,000 contracts. $SPY 20260918 820.0 CALL$ — a block trade buying the September 18-expiry 820 call, opening 26,000 contracts. Notably, the 785 call is a roll — the previously mentioned $SPY 20260821

I. Fundamentals: Long-Term Value vs. Near-Term Supply Shock 1. Long-term bull case unchanged, but short-term price under four layers of pressure ① tactical concerns over the upcoming lock-up expiry; ② AI business uncertainty; ③ potential Tesla merger complexity; ④ lower-than-expected passive index buying. As the lock-up expiry passes, the stock is expected to stabilize at some level. 2. Valuation: SOTP stress test suggests AI business is nearly free At the current price of approximately $108/share (~$1.4 trillion valuation), a sum-of-the-parts (SOTP) stress test suggests that just the Space + Connectivity segments alone already support the bulk of the value: Space, benchmarked against Blue Origin, is valued at roughly $390–650 billion; Connectivity is conservatively valued at over $748 bil

I. Fundamentals: Revenue and EPS Expected to Beat Consensus Q2 results are expected to beat consensus on both revenue and EPS, with additional upside to EPS driven by the cost-cutting effect of a 10% headcount reduction in May and a 49% month-over-month decline in job postings during Q2. AI integration + external compute sales are emerging as new growth drivers. Based on rumors that Meta may reach a compute leasing agreement with Anthropic, the market has priced in an additional $5 billion in AI compute revenue expectations by 2027. The bull case is well-rounded (stable advertising + AI monetization + cost reduction + reasonable valuation). However, like Microsoft and Google, Meta is one of the heaviest capex spenders among tech giants — with both AI infrastructure and Reality Labs burning

The July FOMC confirmed no rate hike — that's good. The U.S. stock market really can't handle any more turbulence right now. It may seem "reasonable" that only South Korea and Japan are plummeting, but in reality, it's not reasonable at all. The 100,000-contract IGV weekly call position $IGV 20260731 88.0 CALL$ was closed before Tuesday's close. Although IGV continued to rise today, for weekly options with less than five days to expiration, the trading discipline is exactly that — open on the day, close on the same day or the next. The noteworthy point is that I initially thought this trade was betting on upside from MSFT and META earnings, and that after closing it would at least roll into a new position. But the block trad

I. Fundamentals Citi maintains a Buy rating, naming AMD its top growth semiconductor pick for the second half of 2026. Q2 revenue is expected at $11.3 billion / EPS $1.66, and Q3 revenue at $14.0 billion / EPS $2.28 — both above consensus, driven primarily by upside in server CPUs and AI GPUs. Data center sales for 2026 are projected at $33.7 billion (+103% YoY). Meta has emerged as a key new customer (custom MI450, six-year gigawatt-scale deal with ~$15 billion revenue per GW). AI sales are expected to reach $33 billion in 2027 and $50.8 billion in 2028. TAM has been significantly revised upward: AI accelerators to $1.4 trillion by 2030, data center CPUs to $220 billion (both with CAGRs exceeding 45%). Risk: The stock is already fully priced, with capacity sold out, limiting near-term ups