Reddit Check-In: 4/01/2024
$Reddit (RDDT.US)$
Meme Stock Mania
Reddit was one of the main facilitators in the meme stock craze that followed the massive liquidity injeciton from the Federal Reserve after the pandemic market crash. So much money was flowing into equity markets that just about every stock on the NASDAQ was ripping. Even the tiny companies that had no businees participating in the buy everything rally were ripping as well.
Along with influenc...

News Highlights
$NVIDIA (NVDA.US)$shares rose by 4%, closing at $822.79. Its options trading volume is 2.28 million. Call contracts account for 57.9% of the total trading volume. The most traded calls are contracts of $820 strike price that expire on Mar 1st. The total volume reaches 187,189 with an open interest of 10,424. The most traded puts are contracts of a $815 strike price that expires on M...

$Palantir (PLTR.US)$
The price of PLTR had trouble getting above the $25 price point last Friday. Maybe the market makers are trying to keep it down as they likely have a lot of exposure to the near-term options contracts with a $25 strike price.
25 is the major resistance level to watch. That price sits just beneath a long-term Fibonacci level. This is also a strong resistance level to watch. If the price gets above that price point, then it seems like the sky would b...