Lot’s happened the past few days. Mike looks at Russia, the Ruble, equity, and commodity prices and shares his perspective.
- Commodities continue to rally despite dollar strength relative to the Euro and the Ruble.
- S&P 500 FELL 1.55%
- VIX rose 3.16 TO 33.32
- Zoom reports disappointing 2023 guidance while Salesforce, citing Slack, exceeds street estimates.
- Several names yet to report earnings saw unusual options activity. Still, in at least one case, Crowdstrike, the bets expire before that release, and options action is more likely related to interest in cybersecurity stocks.
- A few options traders adjust significant positions, taking profits in one case and managing a losing play in Manchester United.
- Russia is a major commodity producer, so naturally commodity prices are on the move. $SLV $ZM $CRM $IGT $LMT $AXP $CRWD $FEZ $WEAT $DLTR $ASO $OTLY $TROX $SPHB $FXE $MANU $BLOK $PLL
