Options Montage: A neutral short-term sentiment heading into today's quad-witch expiration
Options Montage: A neutral short-term sentiment heading into today's quad-witch expiration
By Eli, Jimmy
作者：伊莱，吉米
Bullish price action saw in Tech and Growth names under the belly on Thursday, plus there was an unwinding of Financials, materials and commodity plays. Institutional sweepers made it clear where their focus was going to be on Thursday by annihilating short-term calls in AMD right off the opening bell, insane activity in the semiconductors play which is currently on many players' DO NOT TOUCH list. AAPL PINS U also saw active sweeping activity, BILL coming off solid august flow accumulation had another solid session today.
周四，科技股和成长股出现了看涨的价格走势，加上金融、材料和大宗商品类股的平仓。周四，机构投资者一开盘就消除了AMD的短期看涨期权，明确了他们的重点将放在哪里。AMD的半导体业务目前在许多参与者的禁止接触名单上，这是一种疯狂的活动。AAPL PINS U也出现了积极的扫荡活动，BILL走出了坚实的8月流量积累，今天又有了一个坚实的交易日。
On the sentiment front
在情绪方面
Because of the unwinding of all the "inflation" positioning out there, the intraday sentiment was held down for most of the early part of the day, even as Nasdaq's high growth names were on fire. Short-term sentiment landed on a Neutral territory heading into today's quad-witch expiration.
由于所有“通胀”头寸的解除，盘中情绪在当天早盘的大部分时间里受到抑制，尽管新浪纳斯达克的高增长名称正处于火热之中。短线人气落在中性区域，进入今天的四女巫到期。
All we have to do is look at positioning and sector sentiment to understand what took place out there yesterday, it's no coincidence that commodities were just labeled the new "most crowded trade", only to see it blow up right in their faces. Do you remember what commodities replaced as the "most crowded trade"? Bitcoin, right before bitcoin had its own blowup. As far as sectors are concerned, energy and financials were overdue for a washout, banging their head in overheated territory for a bit now. Now on a shorter-term basis, tech has been heating up and approaching poor risk and reward territory, while groups that were once scorched have rinsed considerably.
我们只需看看头寸和行业情绪，就能理解昨天发生的事情。大宗商品刚刚被贴上新的“最拥挤交易”的标签，却眼睁睁地看着它当着他们的面爆炸，这并非巧合。你还记得哪些大宗商品取代了“最拥挤的交易”吗？比特币，就在比特币出现爆炸之前。就行业而言，能源和金融类股早该遭受重创，目前有一段时间在过热领域撞到了头。现在，在较短期的基础上，科技股一直在升温，并接近低风险和低回报区域，而曾经被烧焦的集团已经大幅缩水。
So we could see this reverse a bit next week for trade, for Tech, it feels like that applies more for big tech as we could see underbelly growth still outperform a bit. Next week should be a fun week, quad witch and the FOMC will be in the rearview mirror, and there has been a decent amount of de-risking from the players this week, usually, those are some key ingredients for bullish action.
因此，我们可能会在下周看到贸易的这种逆转，对于科技股来说，感觉这更适用于大型科技股，因为我们可以看到低迷的增长仍然略好于一些。下周应该是有趣的一周，四女巫和联邦公开市场委员会将出现在后视镜中，本周球员们已经进行了大量的去风险操作，通常情况下，这些都是看涨行动的关键因素。
Notable bettings toward broader market indices ETF on 6/17
6/17大盘指数ETF值得注意的押注
Individuals breakdown by sectors (6/17 notable bets)
按行业细分的个人(6/17值得注意的赌注)
Tech
高科技
Industrial
工业
Consumer Cyclical
消费周期
Financial
金融
Communication Services
通信服务
Healthcare
医疗保健
Energy
能量
Basic materials
基础材料
Consumer Defensive
消费者防御性
Utilities
公用事业
