Gamma Levels, Tesla Setup, and the New AI Frontier Trades
Market Recap
Equities closed September with their best monthly gains since 2010 — a sharp contrast to the month’s historical weakness. That speaks to how much liquidity remains in the system.
📊 Performance After Green Septembers
3-Month Returns
Median: 3.6%
Average: 2.8%
12-Month Returns
Median: 11.5%
Average: 6.0%
The takeaway: don’t overreact to short-term volatility. Medium-term outlook remains constructive for equities.
Incidentally, tomorrow is Yom Kippur. We had “sell Rosh Hashanah” on 9/24, and futures are red at the moment. Will they buy Yom Kippur? 😂
Watchlist Results
Every stock from Sunday’s watchlist hit its target by Tuesday:
$APP AppLovin: 725 ✅
$CELH Celsius: 59 ✅
$CRWD CrowdStrike: 490 ✅
$ASTS AST SpaceMobile: 55 ✅
$CRWV CoreWeave: 130 ✅
This is why I share not just tickers but how to play them — so you can find your own entries, not just mirror my trades. If you have questions about entries, feel free to ask them in the daily chat.
Market GEX Data
As long as QQQ holds above 596 (and today’s low of day), we should see a grind up. ATH is at 602.87, so watch that level; CR is 605. Below 596, we can see a quick flush to 595 then 592.
SPX’s HVL is at 6655. ES futures are trading at ~5 points above this level right now. If bulls can hold above, then SPX ATH is at 6698.8. Above ATH and the CR, we have 6720 as a big positive gamma level.
Housekeeping Update
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Tesla TSLA 0.00%↑ Analysis and Playbook
Tesla’s next delivery / production numbers are expected next Wednesday.
I have TSLA short puts for this week, and they’re 30% in profit now. This is a spec play but I added a small call position today: 11/21 500C. Given that EV tax credit ends after today, I expect to see a strong surge from last-minute buyers.
GEX looks good, I’m looking for 450 this week as we’re still above the HVL.
Interesting Research on Large Video Models
Researchers at Google DeepMind argue in this recent paper that large video models (like Veo 3) are on the same path that LLMs followed—evolving from narrow, task-specific tools into general-purpose foundation models.
👉 I’ve broken down the stocks best positioned to benefit — available for paid subscribers below the line.