Tuesday, January 3, 2023

Investor, 2023 Kick-off with Apple Losing $2T with Big Option Trades on GLD and XLE

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Free TheoNight Report - for Tuesday, January 3, 2023 by Brandon Chapman - 2023 Kick-off with Apple Losing $2T with Big Option Trades on GLD and XLE

 

After 2022, many were hoping for an early reversal in 2023. After an early rally, stocks like Apple Inc. (Nasdaq: AAPL) began to drag the market lower, losing its $2 trillion market cap in the process. While the tenor was more bearish, the late-day rally found the market close to where it finished 2022. During the intra-day volatility, it was gold and energy that looked to solidify their trends with significant option activity. (GDX, XLE, TEVA, GRAB)

 

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Recent Media Appearances by TheoTrade

 

Volatility Is an Options Trader's Best Friend, Don Kaufman Says in Investor's Business Daily

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Investors Are Way Too Bullish, TheoTrade's Chief Market Technician Jeff Bierman Tells Markets Insider

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