Good Morning!
The US and Iran have both confirmed that they are finalizing a deal to restore flows through the Strait of Hormuz. Oil and energy prices have deflated and are now trading at levels seen just before the war started. The market has moved to price inflation peaking for now, fuelling another leg-up for risk assets and a yield selloff. SpaceX’s performance has also been worth noting, rising more than 50% since its IPO price.
Looking ahead, both the Fed today and the Bank of England tomorrow are expected to keep rates unchanged at 3.75%. As expected, the ECB kept rates unchanged, and the Bank of Japan hiked by 25 bps.
Important Dates
WE CALLED IT
NEAR — Long
+33%
$1.85 → $2.4BTC — Long
+4.5%
$61,300 → $64,000JTC — Long
+92%
$0.037 → $0.072
XPL — Long
+18%
$0.079 → $0.092HYPE — Long
+6.5%
$59.3 → $63
BTC — Short
+23-25%
$78-80K → $60,000BTC — Long
+9%
$61,500 → $67,300
LIT — Long
+29%
$1.42 → $1.84SOL — Short
+27%
$92.85 → $67.56
AMAT $430 calls exp. 5/22
+52.22%
ARM $240 calls expiring 5/22
+55.02%
DELL $250 calls expiring 5/29
+52.33%
ANET $150 calls expiring 5/29
+76.26%
CSCO $120 calls exp. 5/29
+60.14%
INFQ spot position
+50% spot gain ($12 to $18)
ABCL $5 calls expiring 6/18
+62.50%
NNE $30 calls expiring 6/18
+103.23%
MSFT $430 calls exp. 6/18
+176.6%
NVDA $215 calls exp. 5/29
+76.32%
UBER $75 calls expiring 6/18
+90.68%
CBRS $215 calls expiring 6/5
+106.90%
BE $300 puts expiring 5/29
+67.10%
LULU $120 calls expiring 6/18
+110.08%
RDDT $150 calls expiring 6/5
+74%
AAPL $315 calls expiring 5/29
+150.91%
QS $9 calls expiring 6/5
+105.88%
AVAV $190 calls expiring 6/18
+238.29%
ORCL $200 calls expiring 6/5
+70.55%
PLTR $145 calls expiring 6/12
+218.60%
COIN $180 calls expiring 5/29
+185.71%
CRWV $110 calls expiring 6/5
+185.75%
UNH $400 calls expiring 6/12
+140.58%
WIZARD’S WEEKLY MUSING
Unlock the full newsletter by becoming a Premium Member
Disclaimer
Wizard of Soho LLC and Weekly Wizdom publish financial information based on research and opinion. We are not investment advisors and do not provide personalized, individualized, or tailored investment advice. Additionally, we do not offer legal advice or information. The publisher does not guarantee the accuracy of the information provided on this page. All statements and expressions presented are based on the author's or paid advertiser's opinion and research. Directly or indirectly, no opinion is an offer or solicitation to buy or sell the securities or financial instruments mentioned.
As news is ever-changing, the opinions included should not be taken as specific advice on the merits of any investment decision. Investors should conduct their own investigation and review of publicly available information to make informed decisions regarding the prospects of any company discussed. Any projections, market outlooks, or estimates herein are forward-looking and inherently unreliable. They are based on assumptions and should not be construed as indicative of actual events.
Contrarily, other events that were not considered may occur and significantly affect the returns or performance of the securities discussed herein. The information provided is based on matters as they exist on the date of preparation and does not consider future dates. As a result, the publisher undertakes no obligation to correct, update, or revise the material in this document or provide any additional information. The publisher, its affiliates, and clients may currently or foreseeably have long or short positions in the securities of the companies mentioned herein. They may therefore profit from fluctuations in securities prices. There is, however, no guarantee that such persons will maintain these positions. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile, or any other means is illegal and punishable.
Neither the publisher nor its affiliates accepts any liability for any direct or consequential loss arising from any use of the information contained herein. By using the website or any affiliated social media account, you consent and agree to this disclaimer and our terms of use.
