Every week, the team publishes the Follow The Flow report which surfaces unusual options activity. This is a report I reference often, not because I want to do the same trades that surface in the scan, but when I can find a technical setup that I like that is supported by the options flow, this can often lead to a bit of alpha with my own options strategy.

However, in today's case, I think I may jump aboard with the unusual options buyers and play along with them in a small-cap oil tanker.

We were traveling this week and didn't hold our regular Crypto Friday Strategy Session on September 16, 2022. But we did prepare the usual chartbook.

The next new trade in our Paid-to-Play portfolio is:

The largest insider buy on today’s list comes from Sarepta Therapeutics $SRPT Director Michael Andrew Chambers.

Chambers reported the acquisition of roughly 57,100 shares, equivalent to $5.9 million.

These are the registration details for our live mid-month conference call for Premium Members of All Star Charts.

Our next Live Call will be held on Tuesday September 20th at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Tuesday night:

From the Desk of Ian Culley @Ianculley

Interest rates have resumed their ascent following a brief summer pause. And, in recent weeks, their climb has accelerated.

Aside from lower bond prices, what do higher rates mean for other assets, such as stocks and commodities?

It might seem like a simple question. But its relevance is undeniable given the current market conditions.

We’ve been vocal about the cyclical areas of the market that benefit most from a rising rate environment – think commodities, energy, materials, and banks. We’ve put out plenty of trade ideas in those areas.

But not all risk assets enjoy a tailwind when yields rise.

Higher rates mean downside pressure for long-duration assets in general, not just bonds. This also includes growth stocks!

Check out the chart of the US Treasury Bond ETF $TLT overlaid with the growth-versus-value ratio...

This is the video recording of the September 15th, 2022, Weekly Town Hall w/ Willie Delwiche.

09/15/22 2:00 PM ET

From the desk of Willie Delwiche.

Something was getting into our grapes. 

That much we knew. We could see the evidence in the mess under our arbor every morning. Our dog was also aware of its presence. But we didn’t know exactly what “it” was – until Friday.

Rather than waiting patiently by the back screen door, the dog was crouched as if he was in starting blocks. He was ready to launch himself onto the scene.

He sprinted to the grape arbor, and after a brief glance at the vines, he raced along the fence. Within moments, he had his prey, shook it vigorously (as he has done in the past), and dropped a limp body. I walked over to get my first glimpse of the intruder. 

Laying motionless at the dog’s feet was a not insubstantial possum.

What a wild week, eh? On Tuesday, the rug got pulled on dip buyers with the latest inflation data point coming in hot, throwing a whole bunch of confusion into the market regarding the future of interest rates. Or, so I'm told.

The net result for us options traders is that there is once again some juicy options premium for us to sell into. And we've got a bunch of sloppy ETF charts that look primed for some net sideways actions over the near term.

The next new trade in our Paid-to-Play portfolio is:

Earlier this morning, the long-awaited Ethereum merge was finalized.

Ethereum has successfully transitioned into the proof-of-stake (PoS) model, leaving Bitcoin as the only proof-of-work (PoW) blockchain of scale.

This is a major turning point, particularly in an ideological sense. The debate between the PoS and PoW frameworks will only intensify following this transition.

H Partners Management filed a Form 4 reporting the purchase of roughly $4.6 million in the theme parks corporation Six Flags Entertainment $SIX.

The hedge fund now has a total stake in SIX of more than 11.50%.