SEPT 07 2022 TRADES & THOUGHTS ON MARKET

THOUGHTS ON MARKET: 

Finally a day - when market opened red and we saw huge rally. Roy's prediction shared in earlier blog came true, we rally from 390. Also last week, huge amount of puts were being bought as part of the hedge from institution - like 8 billion worth so last half was more like squeeze. 

Oil dropping also helped the cause - as it reduces inflation. Plus, Beige book showed American Economy showing signs of weak - that added the confirmation. 

Tomorrow Fed Chairman Powell speaks and also job numbers. 

TRADES: 

Bank of America: 

1. Bought DIS SEP 118 Call. 

TD AMERITRADE: 

1. Sold DVN OCT 85 calls for a loss. 
2. Bought KWEB NOV 32 Calls for 116$ each.
3. Bought META SEP 170 Calls for 112$ each.
4. Bought a FLEX APR 2023 20 Call for 165$
   

Stocks: 

1. Bought PANW @ 531 (New Position)
2. Added BMBL @24 and FDX @200 to existing position.
3. Bought AAPL @155 (New Position)

e-TRADE: 

1. Averaged position in SKLZ
2. New position in BILI, BYND, AEHR, FLEX, GSAT.