$NVDA taught me something last week. It beat expectations, then dropped anyway, then jumped 7% the next day. $MRVL beat AND raised guidance, and still got sold hard.
So good news is not enough anymore. The price already expects good news.
This week has two things I'm watching.
$AVGO reports Tuesday. Then the US jobs report comes Thursday, and people expect around 58,000 new jobs. Last month was actually negative, which nobody saw coming.
Here's the tricky part. Traders think there's about...
SPX gamma structure is running the same playbook for the third time โ catalyst builds the blanket, hedging thins it, flip walks back toward spot.
CPI pushed it to +$1.03B, then bled to +$275M. The ATH run hit +$1.42B, then thinned to -$57M. NVDA rebuilt it to +$725M. Jackson Hole cut it to +$528M in one session.
The NVDA rebuild lasted one day.
Friday's put flow piled into 7,700 with -$83M of fresh positioning โ the heaviest single-strike print since the August chop. Six of the top ten volume...