The Dow Jones Industrial Average (DJI) is up 862 points midday as Wall Street cheers the temporary reciprocal tariff cuts between China and the U.S. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are soaring as well, with both hitting their highest levels since early March. 

Options traders are targeting software stock Sea Ltd (NYSE: SE) today, ahead of the company's latest quarterly earnings results, due out before the open tomorrow, May 13. So far, 19,000 calls and 11,000 puts have been exchanged, which is 6 times the average daily options volume already. The July 145 call is the most popular, with new positions opening there. 

Utility stock NRG Energy Inc (NYSE: NRG) is up 24.4% at $148.41 at last glance, gapping to fresh record highs and its best daily percentage pop since July 2017. The company announced strong first-quarter results and a $12 billion acquisition of a portfolio of natural gas generation facilities from LS Power Equity Advisors. Year to date, NRG is up 63.7%. 

Gold mining stock Perpetua Resources (Nasdaq: PPTA) is feeling the heat from its disappointing first-quarter results, as well as sector pressure from the tariff news. At last glance, PPTA was down 16.7% at $12.64, falling sharply from its recent May 2, four-year high of $15.44. Since the start of 2025, the equity is now up 17.4%. 

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