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Selected research
Deeply researched market notes for options traders, focused on the events that deserve more than a headline.
Published
2 articles
FedEx reports after the close on June 23, and public options data points to a meaningful post-spin earnings premium. Here is what that setup may mean for FDX options traders.
Micron reports after the close on June 24, and public options data points to one of the richest late-June earnings premiums on the board. Here is what that setup may mean for MU...
Published
5 articles
KR reports before the open on June 18. Public options data shows a meaningful event premium for a defensive grocery name, with execution and margins in focus.
Cboe says SPCX options could list as soon as Tuesday, June 16, pending industry checks. That shifts SpaceX from IPO-only volatility into a live options-launch window.
Accenture's June 18 earnings setup puts a large expected move, federal-business drag, enterprise AI demand, and post-earnings IV crush in focus for options traders.
Cboe pushed its select equity-options GTH and Curb rollout from July 13 to August 17, 2026 because a related rule filing is still awaiting approval. For options traders, the delay...
OCC memo 59157 now fixes what standard Honeywell options become on June 29, 2026, while memo 59156 clarifies the already-adjusted HON1 package. For options traders, the real story...
Published
4 articles
Reuters says crude fell more than 3% on June 12 as U.S.-Iran deal prospects improved. For options traders, this is a new de-escalation phase - one that shifts the focus from upside...
Reuters says Nvidia has begun pitching Vera CPUs to Chinese clients with possible August availability. For options traders, the useful question is not whether the headline sounds...
May producer prices rose 1.1% month over month and 6.5% year over year, with a firmer core trade-services gauge adding to Fed-path uncertainty ahead of June 17.
SpaceX's June 12 Nasdaq debut turns earlier IPO speculation into live price discovery. For options traders, the practical issue is how low float, index-entry mechanics, and early...
Published
4 articles
RH stayed under pressure in fiscal Q1 2026, but the stock still rallied after earnings as traders weighed a narrower-than-feared outcome, tariff mitigation plans, and whether the...
Lennar beat headline expectations in fiscal Q2 2026, but the more important options lesson came from the mix of margin compression, lower average selling price, weaker orders, and...
Adobe beat and raised in fiscal Q2 2026, but the stock still fell as options traders recalibrated AI optimism, leadership-turnover risk, and the earnings premium that had already...
Oracle beat on Q4 FY2026 revenue and earnings, but the first after-hours reaction still turned lower as traders weighed record cloud growth against a much heavier AI infrastructure...
Published
8 articles
Smucker beat on fiscal Q4 earnings and sales, then moved far more than the roughly 4.1% pre-earnings options move that had been priced into the event.
Jabil's June 17 earnings setup puts a large expected move, elevated implied volatility, and AI manufacturing execution risk in focus for options traders.
CarMax's June 17 earnings setup puts a large implied move, weaker FY2026 results, credit sensitivity, and CEO-transition execution risk in focus for options traders.
Supermicro paired a stock sale, mandatory convertible preferred issuance, and a new at-the-market program to fund AI-server orders. For SMCI options traders, the useful lesson is...
May CPI rose 0.5% month over month and 4.2% year over year, while core CPI came in at 0.2% m/m and 2.9% y/y. For options traders, that mixed inflation signal matters because it can...
Chewy beat slightly on fiscal Q1 sales, expanded margins, and kept profitability guidance intact, but cut its full-year sales outlook. For CHWY options traders, the early...
Casey's beat badly, raised its dividend, expanded its buyback, and appears to have risen only modestly after the print. For options traders, that makes CASY a useful example of a...
Academy Sports returned to positive comparable sales, grew e-commerce 17.4%, and raised the low end of guidance. For options traders, the post-results move matters less than the...
Published
16 articles
EHang's June 9 results paired a sharp revenue miss and wider losses with a new $30 million buyback. For EH options traders, the important lesson is how a commercial-rollout story...
Applied Digital added a new 210 MW hyperscaler lease at Delta Forge 2. The bigger lesson for APLD options traders is how long-dated AI infrastructure contracts can reprice a...
The new 1260H designations raise policy risk around Alibaba and Baidu, which can affect implied volatility, gap risk and options pricing even without an earnings catalyst.
Apple's post-WWDC AI story now includes an EU regulatory standoff, which matters for how options traders separate product excitement from rollout risk.
ServiceTitan posted 25% revenue growth, improved margins, and higher FY2027 guidance. Here is what that means for post-earnings volatility and options positioning.
Western Digital retired about $858.4 million of 2028 convert debt and lifted its dividend 20%, giving WDC options traders a timely case study in dilution, volatility skew,...
ElectronX has expanded its listed U.S. power-market suite beyond ERCOT with hourly MISO and CAISO contracts, including 1 MWh binary options. For options traders, the real takeaway...
Lennar reports after the close on June 11, with options pricing about a 4.3% move as traders weigh housing demand, mortgage-rate sensitivity, margin pressure, and the risk of a...
Firstrade says it is live on day one with real-time intraday buying power and a $2,000 minimum to day trade under FINRA's new framework, but options traders still need to...
Nu Holdings authorized its first $1 billion share repurchase after a sharp selloff, giving NU options traders a timely case study in buyback support, downside skew, implied...
FICO said on June 8, 2026 that it replaced the remaining capacity under its prior buyback with a new $2.0 billion authorization, launched a $1.5 billion accelerated share...
Charles Schwab's June 2 platform update adds nearly 24/7 crypto futures on thinkorswim and defaults mobile options chains to collapsed expirations. For options traders, the...
Teradyne's June 8 collaboration with Tokyo Electron adds another AI-infrastructure test catalyst for TER, but the real options question is whether the headline becomes durable...
Fresh ADA data on Eli Lilly's obesity pipeline pushed LLY to new highs and forced options traders to weigh how much of the move was fundamental repricing versus short-dated event...
Cboe said tech volatility outran the broader market on June 8, with the QQQ-SPX one-month implied-volatility spread at a four-year high and SPX options volume reaching a record...
GSK's reported cash acquisition of Nuvalent changes NUVL from a pipeline-volatility story into a merger-pricing story, with implied-volatility compression, capped upside near the...
Published
11 articles
Cardlytics' reverse split changed standard CDLX options into adjusted CDLX1 contracts with 10-share deliverables. Here is what changed mechanically, why the option chain can look...
DuPont has confirmed a 1-for-3 reverse split effective June 24, 2026. For DD options traders, the key issue is not the higher split-adjusted share price by itself, but how legacy...
RH heads into its June 11 earnings report with the deposited research pointing to an options-implied move near 8.7%, elevated volatility, heavy short interest, and unresolved...
GNK options now sit between takeover-premium support, projected dividend assignment risk, and the possibility of a fast volatility reset once the June deadlines pass.
SK hynix, NAVER, and Doosan added fresh AI-factory headlines around Nvidia, but options traders still need to separate long-cycle supply wins from short-cycle macro and volatility...
VinFast's reported 10% expected move is useful context, but the cleaner options lesson is how thin liquidity, coarse strikes, and wide spreads can matter as much as implied...
Campbell's June 8 earnings setup puts a Bloomberg-cited 4.9% implied move, elevated event volatility, and snack-demand commentary in focus for options traders.
J.M. Smucker's June 9 earnings setup puts a 4.1% expected move, implied volatility, coffee-margin risk, Hostess questions, and post-earnings repricing in focus.
A stronger-than-expected May jobs report helped push Treasury yields higher and hit tech leadership hard, giving options traders a fresh reminder that macro repricing can change...
Marvell's 605,010-contract options burst followed an AI-fueled repricing and a newly announced S&P 500 addition, giving options traders a live example of how event flow,...
Liberty Latin America's planned June 2026 preference-share distribution turns standard LILA and LILAK options into adjusted contracts with mixed deliverables. For options traders,...
Published
16 articles
Resideo's June 4 update narrowed the timeline around the planned ADI spin-off, with amended Form 10 filings and July investor days now in focus. For REZI options traders, the...
MIAX said its options exchange group averaged 10.8 million contracts a day year to date through May, up 23.7% from a year earlier, while YTD market share reached 17.1%. For options...
Columbus McKinnon's fiscal 2026 report paired strong order growth and FY27 guidance with a large GAAP loss, high leverage, and an 8.52% post-earnings drop, giving options traders a...
Mueller Industries expects MLI to begin trading on a split-adjusted basis on July 1, 2026. For options traders, the real story is not a directional signal but how strikes,...
Credo's June 1, 2026 earnings offered a clean case study in event premium, IV crush, and the difference between a modest close-to-close move and a much larger intraday path.
Nasdaq ISE's SR-ISE-2026-31 filing would allow non-conforming complex-order ratios to trade electronically and in auctions instead of depending on more manual handling. For options...
Upland Software's confirmed 1-for-10 reverse split is a practical options-adjustment event. Existing UPLD contracts are expected to become adjusted series with smaller share...
Caleres beat first-quarter expectations and raised part of its profitability outlook, but the stock reaction stayed muted to negative because investors still had to weigh Famous...
KLA's 10-for-1 forward stock split becomes effective after the June 11 close, making it a practical options lesson in strike adjustments, deliverable changes, order-sizing resets,...
W. R. Berkley declared a 50-cent special dividend and raised its regular quarterly dividend, creating a practical options lesson in special-dividend adjustments, early-exercise...
The REX-Osprey ETH + Staking ETF is set to stop creations and delist on June 11, 2026 after its board approved liquidation, making it a useful options-market lesson in ETF...
Netskope beat revenue and non-GAAP EPS estimates and raised full-year revenue guidance, but the stock still fell hard after earnings, making the event a useful case study in...
X-Energy's first earnings release after its April 2026 Nasdaq debut is a useful options lesson in post-IPO uncertainty, capital intensity, and why a new listing can draw event...
A June 1, 2026 SEC notice proposes temporary overnight price-band protections for NMS stocks from 9:00 PM to 4:00 AM ET. For options traders, the key point is market structure: the...
A June 4 SEC notice shows MEMX wants to extend options eligibility from single-crypto trusts to certain multi-asset crypto trusts, a proposal that could widen the crypto ETF...
S&P Dow Jones Indices said Marvell will join the S&P 500 before the open on June 22, 2026, and the main options takeaway is not a directional call but how index inclusion, ETF...
Published
16 articles
OCC has asked the SEC to review a proposed commercial paper program that could add up to $1 billion of prefunded liquidity to its backstop resources, a market-plumbing change that...
Chewy's June 10 earnings setup puts an approximately 11% expected move, elevated implied volatility, and post-earnings repricing risk in focus for options traders.
Medtronic's June 3 fiscal Q4 2026 report combined its strongest annual revenue growth in 10 years, a dividend increase, and a post-earnings MDT move that outpaced the options...
Signet Jewelers reported a Q1 FY2027 EPS beat, positive same-store sales, and higher full-year guidance, while the deposited research shows options had priced roughly a 10% to 11%...
Argan's June 4 fiscal Q1 2027 report delivered record revenue, stronger profitability, and a sharp stock reaction, while the deposited research highlights a dispute over whether...
Nasdaq's June 6, 2026 NOM re-platform test is an infrastructure milestone that changes proprietary feeds, channel capacity, and routing behavior ahead of the July 27 live migration...
Oracle's June 10 earnings setup puts expected move, implied volatility, cloud growth, capex, balance-sheet risk, and post-earnings IV crush in focus for options traders.
OCC's May 2026 data showed another broad jump in listed-options activity, with total volume up 25.3% year over year and index options up 32.8%, reinforcing how much market activity...
FuelCell Energy heads into June 8 earnings with the deposited report citing an implied move near 17% and some vendor estimates above 20%, as traders weigh AI-data-center enthusiasm...
Cboe reported a record 21.98 million options contracts in average daily volume for May 2026, while the deposited research argues that higher participation does not automatically...
Altruist says margin lending and options capabilities are coming to its RIA platform later this year, extending a broader product push that already includes alternatives, AI...
The deposited report says Navan enters its June 10 fiscal Q1 2027 release with implied volatility near the 97th percentile and expected-move estimates ranging from roughly 11% to...
Cooper Companies reported record fiscal Q2 revenue and a non-GAAP EPS beat, and the deposited report says the stock's roughly 8.58% next-session gain outpaced a pre-event implied...
Adobe enters its June 11 fiscal Q2 2026 report with the deposited research citing an earnings-week expected move around 8.7%, elevated implied volatility, and open questions around...
Brown-Forman missed badly on fiscal Q4 EPS and guided to lower operating income for FY2027, but the deposited report says BF.B options are still carrying takeover-style optionality...
Okta beat on revenue, EPS, and free cash flow, raised full-year guidance, and then delivered a roughly 30.1% next-session move versus the deposited report's implied-move estimate...
Published
16 articles
Casey's General Stores is scheduled to report earnings on June 9, 2026 after the close. The deposited report cites elevated front-cycle implied volatility and an expected move in...
Academy Sports and Outdoors is due to report first-quarter fiscal 2026 results before the open on June 9, with the deposited research showing an earnings-week options market that...
SailPoint is scheduled to report fiscal Q1 2027 results on June 9, 2026. The deposited report cites options data showing a roughly 14% expected move, putting implied volatility,...
FINRA's new intraday margin framework removes the old $25,000 pattern day trader minimum, but it does not remove margin calls, broker house rules, or options risk.
Reuters and follow-on market analysis point to a calm index tape sitting alongside low correlation, light hedge demand, and elevated single-stock volatility, a mix that can leave...
CME CEO Terry Duffy says newly approved U.S. crypto perpetual futures raise systemic-risk questions. For options traders, the immediate issue is how that narrative can reprice...
Blackstone's private-credit redemption caps add a liquidity-stress angle to BX options, where implied volatility, expected moves, and sector contagion questions now matter more...
ChargePoint returned to year-over-year revenue growth and beat its prior revenue guide, but the deposited report says CHPT's roughly 9.2% post-earnings move still came in well...
Planet Labs reported record quarterly revenue, a larger backlog, and higher full-year guidance, yet the deposited report cites a next-day stock drop that still appears to have...
C3 AI's June 3 results combined lower year-over-year revenue, a reset FY2027 outlook, and a large insider purchase. For options traders, the main takeaway is how the stock's first...
Robinhood says its margin accounts no longer face PDT trade-count restrictions as FINRA's intraday margin standard takes effect, but options traders still need to understand...
Guidewire reported 27% revenue growth, 19% ARR growth, and a higher full-year outlook, but the deposited report cites a post-earnings drop that pushed to or slightly beyond the...
Samsara reported 31% revenue growth, net new ARR of $100.7 million, and a third straight GAAP-profitable quarter. For options traders, the main lesson is that the initial stock...
Docusign beat on revenue and non-GAAP EPS, pushed IAM to 12.6% of ARR, and generated stronger operating cash flow, but the deposited report cites an initial post-earnings drop of...
May payrolls beat the headline estimate, but downward revisions, firm wage growth, and a sharp labor-force drop complicated the signal for SPX, VIX, and front-end rates volatility.
lululemon's Q1 FY2026 report combined a revenue beat with weaker Americas trends, a large margin hit, and lower guidance. For options traders, the key lesson is that the stock's...
Published
12 articles
Samsara reports after the close on June 4 with a connected-operations AI narrative, prior guidance already in the market, and a short-dated options setup that appears to price a...
Rubrik reports after the close on June 4 with elevated event volatility, a cyber-resilience growth narrative, and a short-dated options setup that looks expensive into the print.
Ciena reports before the open on June 4, 2026, with AI-network demand, raised full-year guidance, and a pre-event options setup that appears to price a large one-day move.
GameStop reported record net income, authorized a $2 billion buyback, and disclosed a larger balance-sheet tie to derivative and digital-asset exposure. For options traders, the...
Victoria's Secret delivered a major beat and raised guidance, and the stock's rally appears to have far exceeded what the options market had priced. For options traders, the event...
DocuSign reports after the close on June 4 with very elevated implied volatility, a market pricing about a 10% move, and investor attention centered on whether Intelligent...
PVH beat on revenue and EPS, but the stock's after-hours drop was far larger than the move options had priced. For options traders, the event highlights gap risk, monthly-cycle...
Lululemon reports after the close on June 4 with elevated implied volatility, an options market pricing a roughly 8% to 9% move, and investor focus on margins, U.S. demand,...
GitLab beat on revenue and non-GAAP EPS, but the stock's actual move stayed far smaller than the range the options market had priced. That makes GTLB a useful case study in...
Five Below posted a strong quarter, but the stock still fell about 12.5% after hours. For options traders, the notable part is that the move landed almost exactly where the...
CrowdStrike delivered record net new ARR, raised guidance, and announced a 4-for-1 split, yet the stock still dropped sharply after hours. For options traders, the event highlights...
Broadcom beat and raised again, but the initial after-hours drop was larger than the move options had priced. For options traders, that makes AVGO a timely case study in...
Published
5 articles
The Fed's June 2026 Beige Book pointed to continued growth in most districts but firmer price pressure, consumer strain, and rising credit stress ahead of the June 16-17 FOMC...
Cboe says Trade Alert will cease operations on October 30, 2026 and is steering users toward LiveVol. For options traders, the practical issue is not the headline alone but whether...
CrowdStrike reports fiscal Q1 2027 results on June 3, 2026 after the close. For options traders, the key issue is whether the post-earnings move is larger or smaller than the rich...
Cboe said average single-stock volatility rose to about 45% while the VIX sat near 15.8%, a record spread that helps explain why index options can look calm even while single-name...
April JOLTS job openings rose to 7.618 million in a notable upside surprise. For options traders, the practical issue is how a hotter labor-demand signal can reprice Fed...
Published
9 articles
Interactive Brokers reported 4.969 million DARTs in May 2026, $100.9 billion in client margin loans, and average equity-options order size of 6.4 contracts, giving options traders...
UP Fintech reported Q1 2026 revenue growth, $58.9 billion in client assets, nearly 24 million options and futures contracts traded, and a newly recognized CSRC penalty that matters...
Ulta Beauty reports after the close on June 2, 2026. For options traders, the key issue is how much movement short-dated options already price in versus ULTA's history of outsized...
Broadcom reports Q2 FY2026 results on June 3 after the close, with AI semiconductor revenue, management guidance, and front-week implied volatility likely to frame the options...
Palo Alto Networks reports after the close on June 2, 2026. For options traders, the key setup is the gap between the move already priced into short-dated implied volatility and...
SpaceX's amended IPO filing adds a directed share program that can reserve up to 5% of offered shares and exempts those shares from the post-IPO lock-up, a structure that could...
NVIDIA and Microsoft used the May 31, 2026 RTX Spark launch to frame a new AI PC cycle. For options traders, the practical question is not just whether the story is bullish or...
Kraken says it plans to launch CFTC-regulated crypto perpetual futures for eligible U.S. clients within 30 days through Bitnomial. For options traders, the main takeaway is not a...
HPE reported fiscal Q2 2026 results on June 1, 2026, and the after-hours move appears to have run beyond a very elevated pre-earnings implied range. For options traders, this is a...
Published
9 articles
HPE reports after the close on June 1, 2026. With front-week implied volatility elevated into the event, the options setup is less about predicting direction and more about...
Honeywell says its aerospace business will spin off and trade as HONA on June 29, 2026. For HON options traders, the key issue is how existing contracts may be adjusted into...
CME plans to launch options on 2y, 5y, and 10y Eris SOFR Swap futures on June 16, 2026 (pending regulatory review). The key difference versus typical premium-paid options is...
Deribit moved linear (USDC-settled) options to a two-step expiry flow: ITM options settle into a matching expiry future at the strike, then that future cash-settles. The economics...
A high-profile defense of Fed independence adds a layer of policy uncertainty. The deposited report points to a steep VIX term structure and unusually low implied volatility in TLT...
CFTC Staff Advisory 26-16 sets expectations for exchanges, clearinghouses, and FCMs moving toward 24/7 operations. For options traders, the practical issue is the weekend mismatch:...
A new CFTC policy statement, issued alongside an approved bitcoin perpetual order, clarifies how future perpetual listings may be reviewed and why BTC options traders should watch...
The CFTC approved KalshiEX's BTCPERP, a bitcoin perpetual contract referencing BTC spot, as a futures contract. For BTC options traders, the big questions are hedging mechanics...
A May 29, 2026 SEC order lets MIAX list options on qualifying multi-crypto ETP trusts under standardized criteria, a market-structure change that could speed new listings and shift...
Published
6 articles
CME Clearing shifts key NYMEX/COMEX exercise and assignment processing earlier starting June 15, 2026, tightening late-day allocation and position-reporting windows.
In SR-CBOE-2026-051, Cboe proposes a maker-taker fee schedule for cash-settled CBTX and MBTX bitcoin ETF index options: higher fees to remove liquidity and new rebates for market...
OCC Information Memo 59061 flags a clearing rule-change dependency for Cboe's extended-hours multi-listed equity options plan, putting a July 13 target date at risk.
A May 2026 paper estimates a persistent ~2.5 percentage-point wedge between carry implied by IBIT options (via put-call parity) and carry embedded in CME bitcoin futures. The gap...
A federal appeals court rejected Citadel Securities' challenge to the SEC's approval of IEX Options, clearing a path toward a planned October 2, 2026 launch. The decision matters...
CFTC staff issued a conditional no-action position letting Coinbase Financial Markets post customer-owned BTC/ETH and payment stablecoins to a foreign broker to margin Deribit...
Published
7 articles
Nasdaq MRX filed a new 'Historical CAT Assessment 1A' at $0.000002 per executed equivalent share, with the first monthly invoice expected in June 2026 (based on May activity). The...
The SEC approved NSCC's SR-NSCC-2026-006 (Release 34-105565), supporting a shift toward 24x5 equity clearing via UTC. Options hours are not automatically changing, but overnight...
Dell reported Q1 FY2027 results on May 28, 2026. Into the print, near-dated options were pricing a meaningful move, but the after-hours jump was far larger than the implied range....
The SEC approved Cboe's plan to extend trading hours for a limited set of highly active multi-listed single-stock options, adding a morning session (7:30-9:25am ET) and a 15-minute...
MDB's May 28, 2026 earnings reaction whipsawed through both sides of the options-implied range before settling back near the close. This kind of double-sided after-hours move is a...
OCC Info Memo 59055 outlines the adjustment of existing FDX options into FDX1 with a non-standard deliverable (100 FDX + 50 FDXF). Strikes typically stay the same, but intrinsic...
COST reported Q3 FY2026 results after the close on May 28, 2026. The options market priced a relatively small expected move into the event, but front-week implied volatility was...
Published
14 articles
DLTR jumped after raising FY guidance and showing margin improvement. The stock’s move was far larger than what near-dated options were implying, a classic reminder that “expected...
SNOW’s post-earnings gap was far larger than what near-dated options were implying. Here’s how to separate the earnings facts from the options mechanics (expected move, IV crush,...
DELL reports after the close May 28, 2026. Options price a large 1-sigma move and elevated front-week IV, so the key earnings question is how the realized gap compares with what...
Ahead of the May 29, 2026 Deribit monthly settlement, BTC/ETH options can see skew reprice faster than headline IV as traders pay for downside protection and hedging flows get more...
A GDP revision is not a fresh headline shock, but it can still reprice rates expectations and the front end of index options. Here is what changed in the BEA's second estimate and...
April’s core PCE rose 0.2% m/m while the year-over-year core rate stayed elevated at 3.3%. For options traders, the key is separating what’s confirmed in the data from what the...
Marvell beat on Q1 FY27 results and guided higher, but the options question was whether the stock move justified the pre-earnings premium and the post-event IV reset.
CME issued updated Market Regulation Advisory Notices (RA2603-5 and RA2604-5) effective May 29, 2026. The changes remove hard-coded CME ClearPort hour references and clarify...
OCC Info Memo 59051 outlines a non-standard SPGI option adjustment tied to the Mobility Global (MBGL) distribution. Existing SPGI options convert to SPGI1 with a two-stock...
Synopsys beat estimates and raised guidance on May 27, 2026, yet the after-hours move was small versus the move priced by options. This is a clean case study in translating option...
CME is narrowing the dynamic strike listing bands for Options on Bitcoin Futures (BTC) and Micro Bitcoin options (MBT) effective June 1, 2026. For options traders, the practical...
Robinhood announced Agentic Trading (beta) on May 27, 2026, letting third-party AI agents trade equities in a dedicated account via MCP. Options support is described as "coming...
Into Salesforce’s May 27, 2026 earnings, options implied a much larger swing than the stock ultimately delivered. That gap is a clean case study in translating option prices into...
CME Group plans to launch cash-settled Bitcoin Volatility futures (BVI) on June 1, 2026, pending regulatory review. The contracts settle to the CME CF Bitcoin Volatility Index -...
Published
6 articles
Reuters reporting (via Investing.com) said Elon Musk discussed the idea of combining Tesla and SpaceX. For TSLA options traders, the practical lens is not predicting a deal - it is...
GraniteShares says it launched two single-stock autocallable ETFs tied to SMCI and MARA. For options traders, the key is understanding the path-dependent "coupon / autocall /...
Micron surged roughly 18-19% after UBS raised its price target to $1,625 from $535, arguing that AI-driven demand plus multi-year supply agreements could justify a higher valuation...
AutoZone’s fiscal Q3 FY2026 print beat on EPS (38.07) and posted same-store sales growth (+3.9%), but the stock sold off about 9% on May 26, 2026. For options traders, the key...
Strategy (MSTR) repurchased $1.5B of 0% 2029 convertible notes at an ~8% discount and updated bitcoin/financing metrics. For options traders, the key is how capital-structure...
Zscaler (ZS) reported fiscal Q3 2026 results on May 26, 2026. The options-market story was the mismatch between the pre-earnings implied move (roughly +/- 11%) and the realized gap...
Published
2 articles
Geopolitical oil shocks can steepen call skew and invert term structure; here’s a practical checklist for options traders.
PHLX would scale Non-Customer remove-liquidity surcharges by option premium, changing incentives in higher-premium series.
Published
6 articles
Robinhood now supports trading certain index options during Cboe’s overnight Global Trading Hours session. For options traders, the change is best framed as access expansion with...
CME Clearing’s advisory clarifies weekend-hour clearing mechanics (hours, give-ups, ClearPort blocks, and exposure monitoring) and why “24/7 markets” still have operational...
Hamilton’s BDAY filing highlights how 0DTE call-writing is moving into crypto wrappers, with leverage and distribution optics that options traders should understand.
CME Globex plans MQP Session Linking for options on futures in late Q2 2026, changing how quote protections can propagate across linked iLink sessions.
Cboe is migrating member order-entry from BOEv2 to BOEv3 across C2, EDGX Options, and Cboe Options (C1). Here’s what changes operationally, what doesn’t, and what options traders...
CME’s Market Regulation Advisory RA2605-5 shortens the minimum RFQ-to-RFC waiting period for R-Cross trades in CME/CBOT agricultural options from 15 seconds to 5 seconds, effective...
Published
5 articles
NYSE Arca filed a change to let firms weight how executions count toward activity-based risk limits based on counterparty type (up to 200%), a market-structure tweak that may...
A new Cboe SPXW fee targets very high volumes of complex-order creation with low execution rates. Here are the mechanics, what it could change for 0DTE complex trading, and what it...
Nasdaq’s options exchanges are changing how often they review and apply the "Professional" customer order designation tied to the 390-orders-per-day average threshold. Starting...
The SEC approved Cboe SR-CBOE-2025-074 (Release No. 34-105080), expanding the maximum combined auction response + queue-processing window to 1,000ms for non-FLEX options classes...
NYSE Arca can now list and trade options on the MSCI World (1/100), MSCI ACWI (full value), and MSCI USA (1/100) indexes. These are P.M. cash-settled, European-style index options...
Published
10 articles
Cboe filed SR-CBOE-2026-048 to raise IBIT options position and exercise limits from 250,000 to 1,000,000 contracts. For options traders this is best framed as a market-structure...
IEX filed SR-IEX-2026-15 to replace its approved auction-style options opening with a deterministic process that, when a Valid Width NBBO exists and a trade is possible, opens at...
Schwab says Walk Limit orders for eligible options are now available on all thinkorswim platforms. The key takeaway is execution workflow: Walk Limit automates a pre-defined...
The SEC and CFTC approved a customer cross-margining framework linking eligible Treasury cash positions cleared at FICC with eligible CME interest-rate futures. It's a plumbing...
The SEC’s spring 2026 listed-options roundtable was not an immediate rulemaking launch, but it was a high-signal roadmap of what regulators and market participants are focused on...
Reuters reports that SpaceX’s IPO filing describes a staged lock-up structure that could let some shareholders resell shares earlier than the usual 180-day cliff, with releases...
Cboe has asked the SEC to allow a morning 7:30-9:25 a.m. ET session (Global Trading Hours) and a 4:00-4:15 p.m. ET Curb session for up to 100 highly active, multi-listed equity...
On May 22, 2026, the SEC approved Nasdaq PHLX’s proposal (Release No. 34-105549) to list Nasdaq Bitcoin Index Options under ticker QBTC—but the order also says the exchange cannot...
Reuters reported that IMAX is exploring a sale and that the process is early and may not lead to a deal. For options traders, the durable lesson is how rumor-driven M&A headlines...
Coinbase Derivatives says it plans to launch four “perpetual-style” equity index futures (AI10, China10, Defense10, Tech100) on or after June 8, 2026. For options traders, the key...
Published
10 articles
Webull says Q1 2026 options contract volume hit 159M and that FINRA approved Webull Securities US for self and correspondent clearing in April. The key takeaway for options traders...
On May 21, 2026, the SEC approved OCC’s SR-OCC-2026-003 updates to its STANS methodology so OCC can price and margin European-style binary options for clearing—an institutional...
OPRA says it will activate a new mapping of listed-option symbols across its 96 regular-session multicast lines starting June 1, 2026, following scheduled replay/industry testing...
A pending SEC filing would let ISE list AM-settled weekday and end-of-month NDX expirations, adding more same-date AM vs PM choices and moving key risk from the close to the next...
U.S. convertible issuance has surged in 2026, with much of the activity linked to AI-related capex themes. For options traders, the key takeaway is not direction - it's that...
A fast Treasury selloff can trigger mortgage investors to hedge MBS negative convexity (duration extension), potentially adding fuel to the move. Here’s the short-gamma analogy and...
BOX Exchange filed SR-BOX-2026-10 (SEC Release No. 34-105331) to offer a One Minute Intraday Open-Close Data Report: cumulative one-minute snapshots of BOX-only options volume,...
SR-MIAX-2026-19 codifies MIAX’s handling of Monday/Wednesday single-stock daily expirations in certain high-volume “Qualifying Securities” when after-close earnings are scheduled...
OCC Information Memo #59033 (May 21, 2026) updates scan ranges, volatility scan ranges, and calendar-spread charges for OCC-cleared CFE VIX futures, effective May 26. The published...
SR-MIAX-2026-22 would add a Selective Liquidity Auto Purge (SLAP) feature to MIAX Options Rule 519C, letting market makers selectively purge (and temporarily block) tagged Standard...
Published
11 articles
Cboe's May 18, 2026 Macro Volatility Digest flagged a sharp pickup in small-cap implied volatility versus SPX (RVX rising faster than VIX), a jump in RUT downside skew, and...
Cboe Regulatory Circular 26-007 confirms that Cboe Options and EDGX Options removed prior restrictions on pairing an appointed Market Maker as the solicited contra-side order in...
The Philly Fed’s May survey print was a real downside surprise, but the better options lesson is process: read the front-end volatility curve, skew, and rates confirmation rather...
Walmart reported Q1 FY27 results on May 21, 2026. For options traders, the more durable lesson is how the initial move compared with the implied move priced into front-week...
Cboe filed an immediately effective fee change (SR-CBOE-2026-046) that reprices parts of its AIM price-improvement auction economics for VIX and RUT; for traders, the key takeaway...
A working paper and recent coverage argue that Robinhood’s expiration-day risk controls can synchronize retail option exits into late-day bursts, creating systematically worse...
TradeStation’s new Insights AI adds an AI-written “context layer” beside TradingView charts for a curated universe of high-options-volume stocks. Used well, it can speed up...
OCC now clears MIAX Futures Exchange’s Bloomberg equity index futures. The story is margin plumbing and risk offsets for eligible market participants — not a new trading “signal,”...
Nvidia reported record Q1 FY27 results on May 20, 2026. The options-market story wasn’t “beat or miss” — it was whether the post-earnings move justified the pre-event premium, and...
The SEC approved SR-OCC-2026-001: OCC formally removes letters of credit and GSE debt as eligible margin collateral and extends a specific wrong-way risk add-on to spot crypto ETP...
The SEC has instituted proceedings on Cboe’s proposal to allow “future-option orders” that package VIX index options and VX futures into one coordinated order. If approved, it...
Published
10 articles
Interactive Brokers says it has added unified access to prediction markets across ForecastEx, Kalshi, and CME event contracts inside the same brokerage interface clients already...
Robinhood reported 224.8M options contracts traded in April 2026 (10.7M average daily contracts). The number is a useful retail participation and liquidity-context snapshot, but it...
MIAX posted SR-MIAX-2026-21 proposing a rule change that would allow Market Makers assigned in an options class to be explicitly solicited as the initiating contra party in PRIME...
OCC’s April 2026 volume report shows cleared options contracts rose about 13.9% year over year. That’s a meaningful market-structure signal — but it doesn’t prove 0DTE drove the...
MIAX Emerald filed SR-EMERALD-2026-14 to establish a new, fee-based Trade-by-Trade Report for prior-day (T+1) options executions. The SEC published Release No. 34-105507 and waived...
SEC Release 34-105511 notices Nasdaq's SR-NASDAQ-2026-039 tied to a technology migration for the Nasdaq Options Market (NOM) starting July 27, 2026 with a symbol-by-symbol rollout....
SEC Trading and Markets staff issued a May 4, 2026 no-action response that would allow limited U.S. participation on HQLAx’s collateral mobility platform under strict conditions...
The minutes for the April 28-29, 2026 FOMC meeting are scheduled for May 20, 2026 at 2:00 p.m. ET. Minutes day is not decision day, but it can still reset short-dated volatility by...
DTCC says NSCC and DTC can now centrally clear ETF shares whose creation/redemption baskets include listed options via new NSCC-to-OCC messaging connectivity. The change is market...
Kevin Warsh is scheduled to be sworn in as Federal Reserve chair on May 22, 2026. For options traders, the key is not the ceremony but how a chair transition can shift the market's...
Published
25 articles
SR-PEARL-2026-23 codifies MIAX Pearl’s practice for Monday/Wednesday daily expirations when after-close earnings are scheduled (or announced after trading begins): delist if no...
OCC Information Memo #59004 describes a routine holiday margin uplift (10% of applicable risk charges) ahead of Memorial Day 2026 because CME is open for some products while banks...
The SEC approved OPRA's SR-OPRA-2025-02 amendment as a clarification of what "direct access" means and how existing connectivity fees are presented. It did not create new OPRA...
Cboe filed SR-CBOE-2026-047 to adopt fees for its new Clock Service: an optional White Rabbit clock-synchronization feed over a dedicated 1 Gbps port. For options traders, this is...
OPRA's May 1, 2026 participant notice update says IEX Options (participant ID "V") plans to begin trading listed options on Oct. 2, 2026 after industry weekend tests. For options...
Fidelity's current public pricing materials show additional per-contract charges on certain proprietary index options (including SPX, NDX, VIX, RUT, and DJX). For options traders,...
OCC memos say that if Two Harbors' amended CrossCountry merger is approved and later closes, listed TWO options may be adjusted to a fixed $1,200 cash deliverable per contract -...
OCC says certain FLEX option series will be consolidated into standard roots at the May 19, 2026 open. The trader-facing risk is operational: symbol mapping, broker displays, and...
CME Group and Nasdaq say Nasdaq CME Crypto Index futures (standard NCI and micro MCI) are planned for June 8, 2026, pending regulatory review. For options traders, the key takeaway...
MIAX Options and MIAX Emerald temporarily raised the maximum valid bid/ask differential for quotes in AMD, MU, WDC, and MULL to $20.00. For traders, the key takeaway is execution...
Cboe has filed to add stop-limit complex orders and a new Stop Complex Order Auction (SCOA), and its technical documentation now references the feature. As of May 19, 2026, SEC...
After Neurocrine’s all-cash acquisition of Soleno closed, OCC adjusted SLNO options to a $5,300 cash deliverable per contract and accelerated later-dated expirations to June 18,...
CME says it plans to make regulated crypto futures and options available 24/7 starting May 29, 2026, pending regulatory review. The headline is not 'weekend risk disappears'—it is...
Cboe says its U.S. options exchanges will move the Options Regulatory Fee (ORF) to an on-exchange model on July 1, 2026. The most direct impact for self-directed traders is...
Effective May 18, 2026, Cboe expanded DJX by listing P.M.-settled DJXW expirations Monday through Thursday, adding a true weekday-by-weekday suite alongside existing Friday...
The SEC published an updated notice (Release No. 34-105424) for Nasdaq’s proposal to list and trade the iShares Bitcoin Premium Income ETF—a bitcoin + IBIT overlay that would sell...
FINRA Rule 4210’s Pattern Day Trader regime is being replaced by intraday margin deficit monitoring. Here’s what changes, what stays the same, and what to confirm with your broker...
OCC says THR option exercises and assignments can still occur, but settlement may shift to broker-to-broker with delays or alternate methods if NSCC won't accept the activity.
CME plans to launch cash-settled Bitcoin Volatility Futures (BVI) tied to BVXS, an options-derived 30-day implied volatility benchmark. For options traders, the real story is a new...
SEC Release No. 34-105510 makes MIAX’s rule change immediately effective and operative, raising IBIT options position and exercise limits to 1,000,000 contracts per side. It’s a...
The SEC approved a new, listed fixed-payout way to trade “close above/below a level” on the Nasdaq-100. Here’s what that changes (and what it doesn’t).
A pending SEC filing would let Cboe list A.M.-settled SPX expirations across the week (excluding the third Friday and EOM overlap), creating more same-date A.M. vs P.M. settlement...
SEC filings for CAT Fee 2026-1 set a $0.000001-per-share executed-equivalent fee starting May 2026. The direct per-contract impact is tiny, but combined CAT billing can show up as...
The SEC extended the review period for Nasdaq MRX’s proposal to add limited pre-open and post-close trading windows for certain index and highly liquid equity options; the filing...
NextEra Energy’s proposed all-stock deal for Dominion turns Dominion into a fixed-ratio “spread” against NEE, shifting how D options behave: event-driven IV, deal-probability...
Published
4 articles
Late-Friday ETF options prints in TLT, QQQ and IWM point to a busy post-opex hedging tape as Treasury yields surged, but the public data supports positioning context rather than a...
Cboe plans to list cash-settled Mini-SPX binary options on June 15, 2026, adding a regulated fixed-payout index-options tool for short-dated threshold views while raising important...
Cboe's latest amendment to SR-CBOE-2026-016 keeps a proposed extended-hours DPM framework under SEC review, with practical implications for quote quality, spreads, and risk...
Nvidia's May 20 earnings report gives options traders a clean case study in expected move, elevated implied volatility, IV crush, liquidity, assignment risk, and QQQ/SPY spillover...
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