Market Notes for 5/22-5/26
Recap of last week: Last week we predicted that the market will get vacuumed back up to 4150 into Wednesday which was on point but Thursday was followed by a squeeze which we did not expect given the rare occurrence during opex week. Opex week usually features extreme chop at and around big expiration strikes, the big squeezes like we saw are very rare but we saw big 0dte calls being bought Wednesday and Thursday likely contributing to big squeezes and moves off big strikes.
Economic Calendar/Important Earnings for the week: Bullards speech on Monday before market open will be interesting as he has continued to be very hawkish, FOMC min on Wednesday will also generate some Vol and then core PCE inflation data on Friday.
Monday
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