What a day already! NFP really helping to revive the market today and take some more pressure off rates. Yesterday's bullish options flow is tracking exceptionally well today, with semiconductor and growth stocks leading the charge - SOXL up 8.6%, RKLB up 6.2%, and PACB up 4.4% - while the bullish basket averages a solid 4.7% gain across all 15 names. The bearish names are showing mixed results, with NKE taking a serious hit at 5.8% down but most others fading to near-flat, suggesting the put positioning didn't catch meaningful selling pressure. The flow call is working on the upside but struggling on the downside.
