These most-active stocks enlisted a nice mix of potential candidates for the week ahead, led by AAPL as the S&P500 gained nearly 2% intraday. Apple will unveil its much anticipated iPhone 12 series today, while trending higher (+1.86 / 126.25) in the pre-market session.
S&P500 Top 10 Most Active Stocks
We will add these to candidates for potential trades today as breadth improves and more stocks take part in the current bullish leg higher.
| SYM | LAST | CHG | % CHG |
|---|---|---|---|
| AAPL | 124.57 | +7.60 | +6.50% |
| F | 7.66 | +0.41 | +5.66% |
| TWTR | 48.22 | +2.31 | +5.04% |
| IDXX | 419.59 | +18.94 | +4.73% |
| AMZN | 3441.38 | +154.73 | +4.71% |
| FB | 276.00 | +11.55 | +4.37% |
| CTXS | 145.35 | +5.92 | +4.25% |
| MS | 50.83 | +2.00 | +4.10% |
| IP | 44.41 | +1.74 | +4.08% |
| DISH | 28.39 | +1.06 | +3.88% |
“
If the “Nasdaq whale [Softbank]” so wishes dealers can again be squeezed by a rerun of the August meltup, something which we are seeing in real time today with the help of a handful of exceptionally large trades in thin markets which as JPM admits, “increase the potential for exacerbated stock moves as dealers hedge exposure.” That said, at least back in August NQ futs were well in the green, so this time we also have the short squeeze of futures traders to consider as risk explodes higher amid the concurrent gamma squeeze.
As such, the combination of a near-record NQ short and another dealer gamma short is precisely what has sparked today’s massive, 3% meltup in the Nasdaq, which paradoxically takes place even as most-shorted names can’t catch a bid.
– from Zerohedge
Look for a squeeze in the big cap tech names again today.
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Happy Trading,
Vinny
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