Everything is confusing and nobody is happy.

A lot of the trading today was sideways from what I saw, not much was driving up and not much was driving down. I think a lot of folks were trying to make something happen but without really promising news yesterday and lousy consumer sentiment, there's nowhere to go.

The threat of April 2nd and resumption of tariffs from the White House still hangs heavy over the market.

"A market looking for direction." comments a Bloomberg analyst.

Definitely.

Log

• Set up a number of pre-canned put option trades on the symbols I expected to come down (INTC, SMCI, TSLA) a bit after yesterday's rally into the close.
• There was an opening slide which I was able to capitalize on but then everything I was monitoring like Nvidia (NVDA) regained some of that ground.
• The growth in AMD and its persistence today is somewhat surprising to me. I'm not sure what is driving the trade there, but it's pretty close to the exercise price of my covered calls next week. Because I sold covered calls below my average price I will have to monitor that closely next week.
• Things started to trade sideways which means very little momentum trades to be made so I decided to pack it in, call it a positive day, and move on to other things.
• Came back later in the session and screwed up some trades with AMD by misjudging momentum.
• Recovered some of that foolish loss by correctly judging swings on Tesla (TSLA). properly.

Portfolio