Highest Volume Contracts:
Fed Flurry
Anticipation builds around the upcoming inflation data, which could influence Federal Reserve policy decisions. This week is busy for the central bank, with numerous Fed speakers scheduled and the release of the Fed’s Beige Book. Neel Kashkari started the discussions on CNBC, emphasizing the need for policymakers to monitor inflation trends carefully before considering interest rate cuts.
T+1 is Here
A major change for markets this week is the implementation of T+1 settlement, where trades will now settle in one day for the first time in a century. This new system aims to reduce financial system risks by speeding up the settlement process. However, there are concerns about potential initial issues during the transition.
Apple Bump
Apple is expected to be a focal point today as it shows signs of recovery in China. A recent report indicated that iPhone shipments surged by 52% in April, aided by retail discounts, marking a significant comeback from earlier in the year. Apple shares rose 2.2% in pre-market trading, adding approximately $60 billion in value.
Options to watch:
TMUS Calls: T-Mobile is buying U.S. Cellular's wireless operations and certain spectrum assets in a deal valued at $4.4 billion, and further consolidating the industry.
AGIO Calls: Sold 15% royalty to potential US net sales servicer royalty.
TSLA Calls: Outside funding of 50 billion
BLRX Shares: BTO $5 jump from 70 cents
INSM Calls: ASPEN phase 3 study endpoint
Highest volume
- NOW 5/31 put 715 1.80
- AGIO 1/17 Call 35 2.70
- BLRX Shares
- INSM Call 6/21 40 2,75
- SPY in zom
- TSLA Put 6/14 175 5.10