Jun. 19 at 12:50 AM
$BE $STM $NVDA $QQQ An Iran peace-deal headline flipped the tape risk-on into the close, Nasdaq +2.5%, volatility crushed. June monthly expiration settled our early-June downside hedges, every one gave back a big peak:
$NVDA $200P ran past +230% before expiring worthless on the reversal. Underneath the rally the clean buying is narrow,
$BE the cleanest call on the board and building all week. Carry book led by a
$STM call still +22%. Rides to expiry or stops at -50%, nothing else.
