Yesterday's bullish options flow is tracking strong today, with all 15 names in the green and averaging a gain of 6.2%, led by CLS up 11.0% and NBIS up 8.9%. The bearish names are holding up their declines, with all 15 following through into negative territory and averaging a loss of 1.0%, suggesting options positioning is flowing through as expected. The spread between bullish and bearish performance is significant at over 7 percentage points, with strength concentrated in semiconductors and cyclicals.
CLS was a little mixed but still net bullish - not a clear signal.
After Elon Musk’s sandbagging of Neocloud’s yesterday there were a lot of NBIS dip buyers. Blindingly obvious prints.
