To The Moon

Markets ripped higher Friday—not just on rate-cut hopes, but also a major short squeeze. Still, let’s watch a couple more days to see if bears are really done. $PDD Holdings Inc(PDD)$ Earnings beat: Huge net profit beat, but management was very cautious (said the strong trend might not continue). That capped gains.Big Friday call buys: A whale spent ~$80M buying $PDD 20250926 130.0 CALL$ , $PDD 20250926 132.0 CALL$ , $PDD 20250926 135.0 CALL$  (all Sep 26 expiry, about $5 each), betting on a post-earnings move to $135–140.Many other calls: Lots

Options trading often rewards patience, discipline, and the ability to recognize value at key levels. One recent example for me came with Global X Nasdaq 100 Covered Call ETF (QYLD). The ETF had pulled back to the $16 range, which I identified as a strong area of support. This presented the perfect setup for selling a two-month LEAP put—a strategy that not only gives me a buffer against further declines but also allows me to earn steady cash flow through premiums, dividends, and interest income. $QYLD 20251121 16.0 CALL$  By selling the $16 put, I positioned myself in a win-win situation. If QYLD remains above $16, I simply keep the premium received from the trade. If it falls slightly, I still benefit from the 4–5% downs

At the Jackson Hole Symposium, the Fed Chair delivered a decidedly dovish message. He acknowledged that downside risks to U.S. employment are increasing and suggested that the central bank may need to adjust its monetary policy accordingly. Just as importantly, Fed unanimously approved a new policy framework, adopting a more flexible inflation targeting regime and scrapping the previous inflation “make-up” strategy. Markets didn’t miss the signal. Equities surged, crypto rallied, and rate cut probabilities shot higher. Traders now see a 90% chance of a September rate cut (up from 75% before Powell’s speech) and have fully priced in two cuts by year-end. Suddenly, talk of a new bull market is back on the table. S&P 500 (.SPX) Why a Dovish Powell Matters Now In my view, Powell’s pivot is