Yesterday's bullish names are running strong today, with the semiconductor cohort leading the charge: AMDL, AMD, and MXL are all posting double-digit gains, while SOXL continues the sector momentum at +17.4%. The bearish plays are mostly holding their ground, though they're not delivering outsized moves, with VXX down another 6.9% and the defensive plays like XLP and GLD staying relatively flat. The real story is semiconductor strength, which is dominating both the options flow follow-through and broader market direction.
A note on side versus classification - side is calculated based on NBBO but in a fast volatile market MM widen their bid offer. My classification of the trade is shown in the notes - red is bearish and green is bullish with a description of the trade.
