TMAD Update: Special Stock with Extremely High Short Interest

$NVDA $DELL $AVGO $PANW $SPCX

Hi traders,

Last week’s Wednesday bear trap was absolute gold. We’re sitting at fresh all-time highs, and while a retest of this monster move is always possible, the market’s momentum right now is powerful. We’re not going to speculate about whether another dip is coming — that would be pure guesswork instead of data and technical analysis, and that’s simply not how we operate here.

Normally a move this sharp gets a retest, but just look at the March 30–May 29 run: barely any pullback at all.

Today, we opened with so many gaps that it was nearly impossible to add new trades.

We did, however, sell a solid batch of covered calls on NOW, MSFT, SNOW, and OSCR. Our usual playbook is to sell on the second or third strong up day once we’re hitting resistance, targeting 0.20–0.25 delta and 3–4 weeks out.

Today we’re breaking down SPCX earnings and digging into a special high-short-interest name we’ve been holding for a while that has earnings tomorrow.

Here are the updated trades and SPX levels…