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Holiday markets are usually very sleepy; low volumes and tame price action.
Not this one. The holiday trade hanging over from yesterday’s break is packing quite a punch. After an extremely sleepy start this morning, the S&P 500 ended the day red-hot, up 0.54% – I’ll show you what that really looks like in a second.
But, as happens a lot lately, that heat is courtesy of… one stock. Not that most tech stocks didn’t have a great day, but META – that’s Facebook to those of us older than 3 – tore it up this session, better than 5%. The market for META options was looking for a $10 move this week… and it got double that. That’s got some heavy implications, as we’ll see.
We’ve got to talk about Bitcoin, too. It’s tanking. One Bitcoin would’ve bought you more than $71,000 at the end of May and now it’s trading for $56,000 and change.
We’re going to look at all of this – and, best of all, what you can do to make money on it right now…
