Outside of the terminal this has been an incredibly busy week, so there has not been nearly enough time to focus on analysis and trading as I might have otherwise. That means I missed the "trade deal about nothing" between the US and the United Kingdom, and don't have any more insight other than what The Bulwark has to share:

My week ended up red none-the-less as AMD surprised me with strong earnings and strong outlook which torpedoed my long put positions. Options around earnings are tricky. With Datadog (DDOG) and Shopify (SHOP) I was right, but my put positions on AMD burned me. In hindsight I should have minimized my loss the day prior to earnings being announced because there was a retreat in the price but the spread between my positions and the stock price going into the close was too large to honestly think might pay off.

Fortunately my covered call options continue to be a steady source of returns. They require a little less oversight on a day-to-day basis where my put strategies tend to be shorter intra-day trades, so I intend to lean a bit more heavily into those over the coming weeks.

The market overall I feel is not seriously pricing in the coming problems. In the video embedded above they play a clip where Trump answers a question about empty ports:

That means we lose less money. [..] Frankly if we didn't do business we would be better. You say it's slowed down and that's a good thinig it's not a bad thing.

The positive outlook conveyed by some of the pricing I am seeing in the market does not pass rationale. Perhaps it's the temporary tariff reprieve? The President of the United States is unapologetic about pursuing an anti-trade agenda, and that is insane.

My own trading will reflect this concern but I be doing some more analysis next week on potential opportunities take advantage of this denial-of-reality in the market.