🙌 Move Over Short Squeeze, Gamma Squeeze Is Where It’s At

Good morning. 2021 is shaping up to be the year of the gamma squeeze. After moving on from..

It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.

Good morning. 2021 is shaping up to be the year of the gamma squeeze. After moving on from heavily-shorted names like GameStop (GME), traders have turned to the pot stocks. The marijuana stocks have seen massive moves higher in recent days, largely as options trading has exploded. With a big drop on Thursday, no doubt many of the professional players in the space have taken some profits and are looking to move on. What's next for traders? Commodity-related plays have been performing strongly and are ripe for a squeeze (see our Unusual Options Activity trade of the day below). And Special Purpose Acquisition Companies, or SPACs have made the IPO market even hotter by being positioned as a pre-IPO trade. Now here's the rest of the news: Sponsored Content 65 Year Old Grandma Humiliates Wall Street's Top Traders… They laughed when this backwoods grandma taught herself how to trade options for income. But she's got the last laugh now… and she's sharing her #1 tip for FREE! Click HERE for instant access… MARKETS DOW 31,437.80 +0.20% S&P 3,909.88 -0.03% NASDAQ 13,972.53 -0.25% *As of market close • Stocks traded mixed on Thursday, but closed off their lows of the day. • Oil declined 1.3 percent, closing at $57.93 per barrel. • Gold dropped 0.9 percent, hitting $1,826 per ounce. Silver traded flat at $27.07 • Cryptocurrencies rallied, with Bitcoin last trading at $47,145. Today's TOP TIPS Social Media M&A Chatter Overlooks the Better Buy Now Shares of Pinterest (PINS) surged to an all-time high, on reports that the company had been approached by Microsoft (MSFT) about a potential acquisition. Microsoft tried to buy TikTok last year, and the tech giant acquired business networking site LinkedIn for $26 billion in 2016. Buying Pinterest, where users pin items they like on personalized boards, would be a far more consumer-facing social media experience. » FULL STORY Insider Trading Report: PCB Bancorp (PCB) Sang Young Lee, a director and major holder at PCB Bancorp (PCB), recently picked up 3,700 shares. The buy increased his stake by 0.3 percent, and came to a total cost of just over $50,000. Insiders, including both directors and C-suite executives, have been large buyers in the past year as shares have sold off. The last insider sale occurred in late 2019, and at prices far higher than where shares trade today. » FULL STORY Unusual Options Activity: Denison Mines (DNN) Uranium prices have been on the rise, and traders have been piling into related mining names. One such name, Denison Mines (DNN) has nearly doubled since the start of the month. One trader sees a massive surge higher. That's based on the March $5 calls. With 35 days until expiration, and with shares around $1.15, shares would need to go up nearly five-fold for the trade to profit. » FULL STORY IN OTHER NEWS • Shell to Roll Out 500,000 EV Charging Stations in Four Years Big oil continues to embrace the broader spectrum of energy. Royal Dutch Shell (RDS-A) just announced that it plans to roll out 500,000 electric vehicle charging stations, a move that can help move the company past the commodity-driven business of exploring and producing for oil. The move also comes as a number of EV plays are going public or being acquired by SPACs. • Mastercard and BNY Mellon Capitulate to Bitcoin Credit card giant Mastercard (MA) and megabank BNY Mellon (BK) announced their adoption of Bitcoin. Mastercard will allow some payments on its network, and BNY Mellon will allow its clients to start investing in the cryptocurrency directly. With America's oldest bank and a major credit card player on board, more adaptability to the cryptocurrency appears likely, which in turn should make it more valuable. • Pepsi Sees Rebound in Snacks, Decline in Soda Sales PepsiCo (PEP) reported solid earnings, with rising snack sales helping the company sail through the pandemic. Soda sales are starting to creep up again as restaurants and other venues reopen, but sales of that segment still remain down. The company expects a further recovery on that front later in the year, and for snack trends to continue strongly. • Virgin Galactic Prepares for Next Spaceflight Saturday Shares of space tourism company Virgin Galactic (SPCE) climbed higher on news that the company was preparing for its next test spaceflight Saturday. Launching from New Mexico, this flight looks to be a redo following an attempted launch in December that was aborted. The test will evaluate conditions in the passenger cabin, flight controls, livestreaming abilities, among other features. • San Fran Fed President Says Bond Buying Will Stay Steady this Year The biggest threat to the current market rally is higher interest rates. Offsetting that possibility is the Federal Reserve, which can keep rates low by buying bonds. Mary Daly, president of the San Francisco branch, states that higher growth later in the year will unlikely change bond buying until 2022. While that runs the risk of overheating the economy, it also signals to traders that any market pullbacks are likely to be shallow and brief. S&P 500 MOVERS TOP ZBRA 9.968% KLAC 9.029% LRCX 7.457% AMAT 6.725% WDC 5.903% BOTTOM TAP 9.147% LUMN 7.853% POOL 5.891% TSN 5.687% AZO 5.133% Quote of the Day Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field. - Roman Regelman, CEO of asset servicing and head of digital at BNY Mellon, on the bank's move to allow client access to digital currencies, starting with Bitcoin. Sponsored Content Legendary "Tarheel Trader" Reveals $5,000 Income Trick A legendary Tarheel trader claims she can show anyone how to pull down some extra income every month thanks to her "backwoods" trading technique. She's giving away this method for free this week. Instant access HERE… Not sure the best way to get started? 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