Author Archives: Jonathan

Bitcoin holds a tight range near $80K, but funding, open interest and macro headline risk are shifting. Here’s what to watch next across crypto.

The May 11 options tape was loud — 599K SPY 739 calls, QQQ stacks, mega-cap concentration. Then Warsh got confirmed. Here’s what the flow says about positioning into the June 16–17 meeting.

Weekend market rundown on oil headlines, the VIX term structure staying calm, and what to watch as the S&P 500 digests fresh highs with geopolitics back.

Twilio ripped 20% on a Q1 beat, FY26 raise, and unprecedented voice AI demand. Here’s what the options flow was telling us — and the levels that matter into Friday.

Weekend rundown: Hormuz headlines jerked crude, VIX stayed oddly calm, and the S&P 500 held record highs. Key charts, levels, and what to watch next.

Oil volatility (OVX) at 70.50. Equity volatility (VIX) at 18.15. The 3.9x ratio is the widest since 2020 — and history says it doesn’t stay this wide for long.

A $162 million covered call roll on Shopify says institutional money is positioned for more upside into Q1 earnings on May 5. SHOP holds green while markets sell off on Iran Hormuz.

S&P 500 hit all-time high 7,126 with a 4.5% weekly gain. Then Iran re-closed the Strait of Hormuz Saturday. Here’s what matters heading into Monday.

The 2-year yield at 3.77% tells the 2026 story: banks thrive on high NII while rate cuts vanish. JPM profit up 13%, BAC up 17%. Here’s what the chart says next.

WTI crude hit $105 intraday as Saudi attacks disrupted supply. XLE options show a 1.42 put-call ratio — heavy hedging despite the rally. Rate cuts priced out for all of 2026.