To The Moon

$NVIDIA(NVDA)$ TSMC reported earnings and maintained its original 20%–30% growth forecast, with robust AI demand. Still, this isn’t enough to reverse the overall weakness in chip stocks—prices are likely to retest previous lows.The largest bearish options position opened on Wednesday was the $NVDA 20250417 65.0 PUT$ , with 45,000 contracts. Not that anyone thinks it's going to $65$—this is more about trading volatility.So there are basically four bearish camps: $100$, $90$, $80$, and sub-$80$. Below $80$, it’s more about playing volatility, while most people see the range as below $100$, above $90$.Chances are, NVDA closes above $100$ this week. But if you’re holding short puts an

$VanEck Semiconductor ETF(SMH)$ Yesterday, we mentioned in our article that someone made a big move—selling 120,000 contracts of the $SMH 20250425 175.0 PUT$ , which is a “sell put” strategy. Literally speaking, this means he believes SMH won’t break below its previous low before April 25.But here’s the question: if you rewind to before Tuesday, was this strategy really in line with the current trend? New options traders probably think it’s fine, but seasoned players might raise an eyebrow after seeing this.Then on Tuesday, there was another big trade—44,000 contracts opened on the $SMH 20250425 175.0 PUT$ , but th

Hello everyone! Today i want to share some option strategies with you!1.TRADE PLAN for Wednesday ✅ $S&P 500(.SPX)$ day 2 of consolidation today. SPX 5500 is a big breakout level for a move to 5750-5800. Watch this level closely over the next week. I'd lean more bearish under 5339 $Apple(AAPL)$ nasty reversal lower last 2 days. AAPL under 200 can test 192 again. AAPL 195P is best under 200 $Palantir Technologies Inc.(PLTR)$ setting up for 100 test. PLTR 63 is the bottom for the year. PLTR to 125 in play in the next 3 months.The market is holding well above last week's lows ( SPX 4835 QQQ 402). As long as these hold over the next 4 weeks, The bottom can form t

1."Smart traders look to sell premium" when the VIX is over 40, thus taking advantage of the elevated volatility and hence elevated premiums. $Cboe Volatility Index(VIX)$ over 40 isn't a sustainable event, and eventually fear subsides and the VIX calms and comes back down.2. $Taiwan Semiconductor Manufacturing(TSM)$ announces earnings on Thursday, April 17 before market open. Been seeing some differences in expected move from various data providers, but essentially the move is in the 5-7% range.Optionselling Trade :Am looking to write a put ladder, selling-to-open the April 25 expiration and targeting the following areas - recent bottom at 134 - unfilled gap at 103 - and maybe the 115 areaPoints To Conside

Fellow traders, there’s more drama to watch.Someone has placed a massive bet that chip stocks won’t fall below their previous lows before April 25th. Specifically, the trades involve selling $SMH 20250425 175.0 PUT$ , $TSM 20250425 130.0 PUT$ , and $MU 20250425 60.0 PUT$ . The positions are for 120,000 contracts, 70,000 contracts, and 50,000 contracts, respectively.If this isn’t based on insider information, then something’s definitely fishy.However, as my regular readers know, such blatantly targeted large trades are like waving cash in front of market makers—they’re irresistible bait.It’s

1.Trade plan for TUESDAY 📈 $S&P 500(.SPX)$ tried to reverse lower today but held up well. SPX 5500 in play by Thursday as long as 5400 holdsSPX 5470C can work above 5430 $Strategy(MSTR)$ is setting up for a move to 324 if #bitcoin can hold the 85k support level this week. MSTR possible we see 337+ by Thursday if Bitcoin breaks out above 85kMSTR 325C can work above 310 $Tesla Motors(TSLA)$ earnings coming up in a week. TSLA to 265-276 possible if TSLA defends 251 tomorrowTSLA 260C best above 2512.The big clue you'll see that a true bottom has formed will be based on how the market reacts to next big piece of negative tariff news in the market. IF we see more

Hello everone! Today i want to share some trading analysis with you!1. $S&P 500(.SPX)$ filled the gap at 5400 and re-tested that area again today. All this chatter about the death cross going on right now. Do we get a surprise by MMs and go for that 5630 gap fill ???Image2. $Robinhood(HOOD)$ Whoops ... forgot to sell naked calls on HOOD. Adding it now. Wrote the April 17 expiry $55 call strike.Trying to help us out fellow [what are we calling ourselves these days] HOODians / HOODites / HOODigans ... let's see if MMs come chase our 55 strike. That would benefit our long position greatly!Image3.Sold naked and covered calls on $Tesla Motors(TSLA)$

$KraneShares CSI China Internet ETF(KWEB)$ The level of information leakage has reached absurd proportions.Over the weekend, news broke that the U.S. Customs and Border Protection (CBP) announced a new tariff rule on April 11th (Eastern Time). This rule exempts categories such as automatic data processors, computers, communication devices, displays and modules, and semiconductors from the "reciprocal tariffs" imposed by the Trump administration.However, prior to the official announcement, on Friday, April 11th, unusual activity in KWEB options was observed. A massive order for 110,000 contracts of $KWEB 20250425 35.0 CALL$  was opened, with a total transaction value of over $5 mi

🌟🌟🌟Using a Spread Options Strategy for the Magnificent 7 is a brilliant idea especially when managing risk in volatile markets.  This strategy caps the maximum loss potential and has lower upfront costs.  However the Spread Options Strategy has  limited upside since risk is capped, so is profit. However this options strategy requires an understanding of options pricing and market dynamics.  Not so suitable for beginner investors. @Tiger_comments @TigerStars @CaptainTiger @TigerClub

Hello everyone! Today i want to share some trading ananlysis with you!1. $Strategy(MSTR)$ Trade idea: MSTR April 17 320CTrigger: 300 ✅ Targets: 324,337 🎯 Stop: 281 🛑 MSTR- closed at 299.98. MSTR looks like a double bottom forming above 245. IF MSTR can breakout above 300 and Bitcoin gets through 85k we can see MSTR back to 337-351 range again. Bitcoin through 90k is much more bullish for crypto and risk assets. Calls can work above 300 for MSTR.Image2. $NVIDIA(NVDA)$ Trade idea: NVDA April 17 114CTrigger: 108 ✅ Targets: 113,120 🎯 Stop: 105🛑 NVDA- closed at 110.93. NVDA dip was bought up at 86 on April 7th. NVDA looks like it may have bottomed in the 88-90 range in the short term. IF NVDA can base above 10

Hello everyone! Today i want to share some trading analysis with you!1. $Meta Platforms, Inc.(META)$ is getting ready for a move towards 600 before earnings on April 30th. If we see The Mag 7 start a bounce this week, META can lead the move. If you want to grow your account this week, read my plan below 👇 Trigger: META at 543 ✅ Trade idea: META April 17 460CTargets: 555,569 🎯 META has dropped from 740 to 481 the past 2 months. That marks a 35% drop in a short period of time. We started to see signs of a bottom after defending 500 last week. IF META holds a higher low above 533 this week we can see 569-588 in the next 2 weeks. Id stay bullish on META above 533.2.The big question is... Is the bottom in? OR is this just a dead cat bounce?

Hello everyone! Today i want to share some option strategies with you!1.Haven't had one of these in a while ... finally had a very profitable optionselling week. The bulk of the profit came from trades that were naked/covered calls on $Advanced Micro Devices(AMD)$ $SoFi Technologies Inc.(SOFI)$ $Tesla Motors(TSLA)$ $Taiwan Semiconductor Manufacturing(TSM)$ .✅ Profit for the week ended April 11th = $26,683.67 In full transparency, last week was horrible from having to roll put positions and close out positions for a loss (didn't want to continue holding those trades or rolling farther out).❌ Loss for the week ended April 7t

$NVIDIA(NVDA)$ Let’s start with a funny story: the whale who sold 90,000 contracts of the $130 put on Wednesday ran for the exit during Thursday’s session. Currently, the open interest for $NVDA 20250411 130.0 PUT$  stands at 58 contracts.We know this whale opened their position right before Wednesday’s close, which was at the highest price of the day. However, they closed out their position on Thursday at intraday lows.As a result, the market makers made a huge profit yet again. Assuming the whale’s closing price was $25 per contract, this trade resulted in a loss of about $90 million for them. In other words, the market makers pocketed $90 million in profits.I admit, I overesti

1.Every pop higher is a gift. It's a gift that shouldn't be taken for granted. This type of environment is not easy. Seeing 300 pt swings each day is NOT a normal trading environment.Seeing $S&P 500(.SPX)$ premiums at 7 to 9x of fair value is insane. If you size too largely your account is going to get destroyed quickly. SIZE DOWN and try to see the big picture. The market is designed to go up and it WILL over time. The short term we will continue to see extreme volatility until the Tariff situation settles down.Paytience!!2.TRADE PLAN for Lotto Friday ✅ $S&P 500(.SPX)$ Expect more volatility tomorrow. We saw another 250 pt intraday range day. SPX needs through 5354 to test 5400,5460. If SPX brea

Hello everyone! Today i want to share some option strategies with you!1.Joining the $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ squad ... wrote the $3 put strike at the May 16 expiry. But, we don't trust this market, so we're selling the put below below the Covid low of around 3.6. Will roll up the strike to 3.5 to capture more premium based on how price action plays out over the coming weeks, and will roll up to higher strikes if market conditions and price action improves. Geez ... batman pattern on the daily timeframe. We all need a super-hero to come save the market! ImageImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK,

How should we understand the idea of "The market rebounded, but it's still unsafe"?Wednesday was absolutely absurd—arguably the most unforgettable trading day of this year. But as long as Trump remains in office, I believe this "most" will inevitably be outdone.At 1:24 PM on April 9th (U.S. time), Trump posted on his Twitter account, announcing that over 75 countries had contacted U.S. representatives to negotiate issues related to trade, trade barriers, tariffs, currency manipulation, and non-monetary tariffs. As a result, a 90-day suspension measure had been approved. This suspension applies to reciprocal tariffs, lowering them to 10% during this period, and it takes effect immediately.Unsurprisingly, the market soared collectively.This 13-hour tariff suspension announcement was essentia

Hello everyone! Today i want to share some option strategies with you!1.Forgot to post this the other day ... sorry ... been busy with contractors, work meetings, and getting taxes done.Closed out $Strategy(MSTR)$ trade for profit and rolled buying power into cash-secured puts on $Taiwan Semiconductor Manufacturing(TSM)$ and $NVIDIA(NVDA)$ . Was not expecting the rippy-rip we had today. These #Optionselling trades will most likely expire worthless.Will revisit the CSP well and write puts on NVDA and TSM for April 11 expiry.Image2.Limped in with a very conservative 0dte $S&P 500(.SPX)$ put credit spread. Wrote the 4600

$NVIDIA(NVDA)$ At the current price level, it’s neither high enough nor low enough—both bulls and bears have reasons to feel nervous.Friday’s Action:The $55 put $NVDA 20250425 55.0 PUT$  opened on Friday was closed prematurely. It was closed at NVIDIA’s intraday high of $105, so the position didn’t make much profit.Market Reaction to Tariff News:Despite China's pre-market announcement of retaliatory tariffs (a 50% increase on all U.S. imports), the market didn’t continue to drop.Tuesday’s Option Activity Highlights:Institutional players closed their $99 calls and rolled them into $109 calls. Meanwhile, they continued to hold sell positions for $100, $101, and $102 calls.Large orde

Hello everyone! Today i want to share some trading analysis with you!1.TRADE PLAN for Wednesday ✅ $S&P 500(.SPX)$ extreme volatility the past 2 days. SPX dropped from 5267 to 4910 from the highs today. If SPX breaks 4900 we can see 4818. SPX under 4818 can drop to 4600. Puts can work under 4900 $Meta Platforms, Inc.(META)$ under 500 can drop to 481 this week.META 480P is best under 500 $Tesla Motors(TSLA)$ tried to move near 251 today but closed at 221. If TSLA fails at 218 it can test 200.TSLA 200P is best under 2182.We're in uncharted territory right now. The only thing that can save us in the short term is a delay in tariffs and/or Powell cutting rates in

On Monday, April 7, legendary investor Duan Yongping decisively bought the dip during intraday trading. His trading list spans multiple pages, with two main strategies: buying stocks outright and selling puts. Duan reportedly invested $400 million in U.S. blue-chip stocks and Tencent.Most of the sell puts he wrote have strike prices near the current stock price, with expiration dates covering every week over the next month. Selling at-the-money puts essentially signals a willingness to take ownership of the stock.So, is selling puts the best way to buy the dip? Let’s analyze: $NVIDIA(NVDA)$ Before discussing dip-buying, let’s assess future expectations.Expected Range:After Mond

$NVIDIA(NVDA)$ TSMC reported earnings and maintained its original 20%–30% growth forecast, with robust AI demand. Still, this isn’t enough to reverse the overall weakness in chip stocks—prices are likely to retest previous lows.The largest bearish options position opened on Wednesday was the $NVDA 20250417 65.0 PUT$ , with 45,000 contracts. Not that anyone thinks it's going to $65$—this is more about trading volatility.So there are basically four bearish camps: $100$, $90$, $80$, and sub-$80$. Below $80$, it’s more about playing volatility, while most people see the range as below $100$, above $90$.Chances are, NVDA closes above $100$ this week. But if you’re holding short puts an

Fellow traders, there’s more drama to watch.Someone has placed a massive bet that chip stocks won’t fall below their previous lows before April 25th. Specifically, the trades involve selling $SMH 20250425 175.0 PUT$ , $TSM 20250425 130.0 PUT$ , and $MU 20250425 60.0 PUT$ . The positions are for 120,000 contracts, 70,000 contracts, and 50,000 contracts, respectively.If this isn’t based on insider information, then something’s definitely fishy.However, as my regular readers know, such blatantly targeted large trades are like waving cash in front of market makers—they’re irresistible bait.It’s

$VanEck Semiconductor ETF(SMH)$ Yesterday, we mentioned in our article that someone made a big move—selling 120,000 contracts of the $SMH 20250425 175.0 PUT$ , which is a “sell put” strategy. Literally speaking, this means he believes SMH won’t break below its previous low before April 25.But here’s the question: if you rewind to before Tuesday, was this strategy really in line with the current trend? New options traders probably think it’s fine, but seasoned players might raise an eyebrow after seeing this.Then on Tuesday, there was another big trade—44,000 contracts opened on the $SMH 20250425 175.0 PUT$ , but th

$KraneShares CSI China Internet ETF(KWEB)$ The level of information leakage has reached absurd proportions.Over the weekend, news broke that the U.S. Customs and Border Protection (CBP) announced a new tariff rule on April 11th (Eastern Time). This rule exempts categories such as automatic data processors, computers, communication devices, displays and modules, and semiconductors from the "reciprocal tariffs" imposed by the Trump administration.However, prior to the official announcement, on Friday, April 11th, unusual activity in KWEB options was observed. A massive order for 110,000 contracts of $KWEB 20250425 35.0 CALL$  was opened, with a total transaction value of over $5 mi

1."Smart traders look to sell premium" when the VIX is over 40, thus taking advantage of the elevated volatility and hence elevated premiums. $Cboe Volatility Index(VIX)$ over 40 isn't a sustainable event, and eventually fear subsides and the VIX calms and comes back down.2. $Taiwan Semiconductor Manufacturing(TSM)$ announces earnings on Thursday, April 17 before market open. Been seeing some differences in expected move from various data providers, but essentially the move is in the 5-7% range.Optionselling Trade :Am looking to write a put ladder, selling-to-open the April 25 expiration and targeting the following areas - recent bottom at 134 - unfilled gap at 103 - and maybe the 115 areaPoints To Conside

Hello everyone! Today i want to share some option strategies with you!1.TRADE PLAN for Wednesday ✅ $S&P 500(.SPX)$ day 2 of consolidation today. SPX 5500 is a big breakout level for a move to 5750-5800. Watch this level closely over the next week. I'd lean more bearish under 5339 $Apple(AAPL)$ nasty reversal lower last 2 days. AAPL under 200 can test 192 again. AAPL 195P is best under 200 $Palantir Technologies Inc.(PLTR)$ setting up for 100 test. PLTR 63 is the bottom for the year. PLTR to 125 in play in the next 3 months.The market is holding well above last week's lows ( SPX 4835 QQQ 402). As long as these hold over the next 4 weeks, The bottom can form t

Hello everone! Today i want to share some trading analysis with you!1. $S&P 500(.SPX)$ filled the gap at 5400 and re-tested that area again today. All this chatter about the death cross going on right now. Do we get a surprise by MMs and go for that 5630 gap fill ???Image2. $Robinhood(HOOD)$ Whoops ... forgot to sell naked calls on HOOD. Adding it now. Wrote the April 17 expiry $55 call strike.Trying to help us out fellow [what are we calling ourselves these days] HOODians / HOODites / HOODigans ... let's see if MMs come chase our 55 strike. That would benefit our long position greatly!Image3.Sold naked and covered calls on $Tesla Motors(TSLA)$

1.Trade plan for TUESDAY 📈 $S&P 500(.SPX)$ tried to reverse lower today but held up well. SPX 5500 in play by Thursday as long as 5400 holdsSPX 5470C can work above 5430 $Strategy(MSTR)$ is setting up for a move to 324 if #bitcoin can hold the 85k support level this week. MSTR possible we see 337+ by Thursday if Bitcoin breaks out above 85kMSTR 325C can work above 310 $Tesla Motors(TSLA)$ earnings coming up in a week. TSLA to 265-276 possible if TSLA defends 251 tomorrowTSLA 260C best above 2512.The big clue you'll see that a true bottom has formed will be based on how the market reacts to next big piece of negative tariff news in the market. IF we see more

Hello everyone! Today i want to share some trading ananlysis with you!1. $Strategy(MSTR)$ Trade idea: MSTR April 17 320CTrigger: 300 ✅ Targets: 324,337 🎯 Stop: 281 🛑 MSTR- closed at 299.98. MSTR looks like a double bottom forming above 245. IF MSTR can breakout above 300 and Bitcoin gets through 85k we can see MSTR back to 337-351 range again. Bitcoin through 90k is much more bullish for crypto and risk assets. Calls can work above 300 for MSTR.Image2. $NVIDIA(NVDA)$ Trade idea: NVDA April 17 114CTrigger: 108 ✅ Targets: 113,120 🎯 Stop: 105🛑 NVDA- closed at 110.93. NVDA dip was bought up at 86 on April 7th. NVDA looks like it may have bottomed in the 88-90 range in the short term. IF NVDA can base above 10

Hello everyone! Today i want to share some option strategies with you!1.Haven't had one of these in a while ... finally had a very profitable optionselling week. The bulk of the profit came from trades that were naked/covered calls on $Advanced Micro Devices(AMD)$ $SoFi Technologies Inc.(SOFI)$ $Tesla Motors(TSLA)$ $Taiwan Semiconductor Manufacturing(TSM)$ .✅ Profit for the week ended April 11th = $26,683.67 In full transparency, last week was horrible from having to roll put positions and close out positions for a loss (didn't want to continue holding those trades or rolling farther out).❌ Loss for the week ended April 7t

Hello everyone! Today i want to share some trading analysis with you!1. $Meta Platforms, Inc.(META)$ is getting ready for a move towards 600 before earnings on April 30th. If we see The Mag 7 start a bounce this week, META can lead the move. If you want to grow your account this week, read my plan below 👇 Trigger: META at 543 ✅ Trade idea: META April 17 460CTargets: 555,569 🎯 META has dropped from 740 to 481 the past 2 months. That marks a 35% drop in a short period of time. We started to see signs of a bottom after defending 500 last week. IF META holds a higher low above 533 this week we can see 569-588 in the next 2 weeks. Id stay bullish on META above 533.2.The big question is... Is the bottom in? OR is this just a dead cat bounce?

🌟🌟🌟Using a Spread Options Strategy for the Magnificent 7 is a brilliant idea especially when managing risk in volatile markets.  This strategy caps the maximum loss potential and has lower upfront costs.  However the Spread Options Strategy has  limited upside since risk is capped, so is profit. However this options strategy requires an understanding of options pricing and market dynamics.  Not so suitable for beginner investors. @Tiger_comments @TigerStars @CaptainTiger @TigerClub

How should we understand the idea of "The market rebounded, but it's still unsafe"?Wednesday was absolutely absurd—arguably the most unforgettable trading day of this year. But as long as Trump remains in office, I believe this "most" will inevitably be outdone.At 1:24 PM on April 9th (U.S. time), Trump posted on his Twitter account, announcing that over 75 countries had contacted U.S. representatives to negotiate issues related to trade, trade barriers, tariffs, currency manipulation, and non-monetary tariffs. As a result, a 90-day suspension measure had been approved. This suspension applies to reciprocal tariffs, lowering them to 10% during this period, and it takes effect immediately.Unsurprisingly, the market soared collectively.This 13-hour tariff suspension announcement was essentia

On Monday, April 7, legendary investor Duan Yongping decisively bought the dip during intraday trading. His trading list spans multiple pages, with two main strategies: buying stocks outright and selling puts. Duan reportedly invested $400 million in U.S. blue-chip stocks and Tencent.Most of the sell puts he wrote have strike prices near the current stock price, with expiration dates covering every week over the next month. Selling at-the-money puts essentially signals a willingness to take ownership of the stock.So, is selling puts the best way to buy the dip? Let’s analyze: $NVIDIA(NVDA)$ Before discussing dip-buying, let’s assess future expectations.Expected Range:After Mond

$NVIDIA(NVDA)$ Let’s start with a funny story: the whale who sold 90,000 contracts of the $130 put on Wednesday ran for the exit during Thursday’s session. Currently, the open interest for $NVDA 20250411 130.0 PUT$  stands at 58 contracts.We know this whale opened their position right before Wednesday’s close, which was at the highest price of the day. However, they closed out their position on Thursday at intraday lows.As a result, the market makers made a huge profit yet again. Assuming the whale’s closing price was $25 per contract, this trade resulted in a loss of about $90 million for them. In other words, the market makers pocketed $90 million in profits.I admit, I overesti

$NVIDIA(NVDA)$ At the current price level, it’s neither high enough nor low enough—both bulls and bears have reasons to feel nervous.Friday’s Action:The $55 put $NVDA 20250425 55.0 PUT$  opened on Friday was closed prematurely. It was closed at NVIDIA’s intraday high of $105, so the position didn’t make much profit.Market Reaction to Tariff News:Despite China's pre-market announcement of retaliatory tariffs (a 50% increase on all U.S. imports), the market didn’t continue to drop.Tuesday’s Option Activity Highlights:Institutional players closed their $99 calls and rolled them into $109 calls. Meanwhile, they continued to hold sell positions for $100, $101, and $102 calls.Large orde

Many of you are probably wondering about three key questions right now:How low will the stock price go?How long will it keep dropping?How will it rebound?Let’s analyze these questions using options data. One thing is certain: while implied volatility can be strategically shorted, the stock price itself may not have reached its bottom yet. $NVIDIA(NVDA)$ This Week’s Range: If we had to set a range, it would be $85–$100. The $100 upper limit is typically determined by institutions selling calls, while the $85 lower limit is more speculative, representing the short sellers' target price. A "safe" price point might be closer to $60.The Current Issue:Theoretically, the stock price has dropped enough, but that doesn’t mean it can’t fall further. Based o

The market’s behavior on Monday was peculiar—it might have hit a key support level, forcing both bulls and bears to make decisions. Bulls cautiously went long, while some bears retreated, and others rolled their positions. $S&P 500(.SPX)$ There were numerous large single-leg bullish trades on $SPX$, most of which had expirations at the end of June. The bullish strike prices were concentrated at 588–590, which seems like a reasonable target.However, based on $SPY$ options activity, bearish open interest remains higher. $NVIDIA(NVDA)$ The situation is very complex, as both bullish and bearish positions are extremely polarized. At this point, it’s likely that some individuals know the specifics of the ta

The tariffs are here, and Trump didn't hold back—tariffs on Chinese goods have increased to 54%, which aligns with market expectations.However, meeting market expectations doesn’t mean the troubles are over. Excessive tariffs can lead to a series of subsequent problems, such as economic recession or challenges in controlling inflation. The future largely depends on the Federal Reserve’s actions.Let’s break down the key points:1. What Are the Specific Risks?Tariff Increases May Significantly Raise Core Inflation Rates:If the full impact is passed on to consumer prices, core inflation could rise by 2.5 percentage points. A more reasonable assumption is a 50% pass-through rate, which would result in core inflation increasing by 1 percentage point.The Federal Reserve May Cut Rates Due to Slowi

$NVIDIA(NVDA)$ Will the stock price rebound after the tariffs are finalized? The focus has now shifted to the impact of tariffs on CPI. Currently, the market is pricing in a 50bps increase in CPI due to the tariffs.If Powell adopts a hawkish stance in response—well, that could spell trouble.This makes it inevitable that Q2 will be volatile, as we once again wait on the Fed’s cues. Tariffs will finalize this week, followed by non-farm payrolls at noon, and next week we’ll get CPI data. Based on this, it seems likely that the 100 level will need to be retested in the coming weeks.On Tuesday, institutions rolled their spreads by selling the 114 call and buying the 119 call, indicating little optimism about surprises after the tariffs are finalized. T