How “Ghost Prints” And “Squeezequakes” Are Driving This Market Higher
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Big market moves often come with big stories, and last week was no exception. It all started on Thursday when some massive “Ghost Print” call option trades hit the Magnificent Seven stocks - Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL), and Meta (META).
As I said in Friday afternoon’s First Mover Market Advantage, these trades hinted at a potential market rally.
The upshot is, on Friday, the S&P 500 faced a critical test - and it passed. This morning, Monday, we saw the biggest opening gap since October 2022, igniting even more excitement.
Bitcoin was another market hotspot today; it enjoyed a solid 5% jump on the day. But here’s the twist: it wasn’t just the coin itself. The bullish action spilled over into related stocks like ProShares Bitcoin ETF (BITO) and MARA Holdings (MARA), which surged a whopping 15%.
Why? High short interest in MARA created the perfect storm for a short squeeze, fueled by call option activity. It’s a phenomenon that I like to call a “Squeezequake” - profits get taken, and the excitement keeps rolling.
There’s a really important takeaway we’ll talk about tonight when it comes to big market moves, hunches, and statistical oddities.
Video Length: 00:12:54
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