2023 Kick-Off With Apple Losing $2T With Big Option Trades On GLD And XLE
Photo by Wance Paleri on Unsplash
After 2022, many were hoping for an early reversal in 2023. After an early rally, stocks like Apple Inc. (Nasdaq: AAPL) began to drag the market lower, losing its $2 trillion market cap in the process. While the tenor was more bearish, the late-day rally found the market close to where it finished 2022. During the intra-day volatility, it was gold and energy that looked to solidify their trends with significant option activity. (GDX, XLE, TEVA, GRAB).
Video Length: 00:22:32
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