Core Insights - Robinhood Markets Inc (NASDAQ:HOOD) stock is experiencing a decline amid a tech sector rotation, trading at $121.39, despite a 34% increase in equity trading volume and a nearly 22% rise in options trading volume from September to October [1] - The stock has decreased by 15.5% this quarter and is down 21.1% from its record high of $153.86 on October 6, although it remains up 277% year over year [2] - Options traders are showing bearish sentiment, with the stock's 50-day put/call volume ratio being higher than 93% of readings from the past year, and the Schaeffer's put/call open interest ratio in the 94th percentile of annual readings [4] - The stock tends to outperform options traders' volatility expectations, indicated by a Schaeffer's Volatility Scorecard (SVS) of 83 out of 100 [5]

Group 1 - Starboard has acquired an almost 5% stake in Fluor, which holds a majority stake in NuScale Power (SMR) [1] - SMR's stock price has decreased by 12.4% to $33.60, marking its fifth consecutive daily loss, despite an 89.6% gain projected for 2025 [1] - SMR reached a record high of $57.42 just last week [1] Group 2 - The recent pullback in SMR's stock price has positioned it near a historically bullish trendline, which may indicate potential for recovery [2] - The stock is currently within 0.75 average true range (ATR) of the 126-day moving average, having remained above this average 80% of the time in the past 10 and 42 trading days [2] - Historical data shows that after similar signals in the last 10 years, the stock was higher one week later 60% of the time, with an average gain of 0.7% [2] Group 3 - At the International Securities Exchange, Cboe Options Exchange, and NASDAQ OMX PHLX, SMR's 50-day put/call volume ratio of 3.66 is higher than 86% of annual readings, indicating increased bearish sentiment [4] - This high put volume suggests potential for bullish activity if the bearish sentiment begins to reverse [4] Group 4 - NuScale Power's put/call open interest ratio of 1.44 is the highest in the past 12 months, indicating a preference for puts among short-term options traders [5] - There is significant opportunity for bullish positions, as 10 out of 15 covering brokerages have a "hold" or worse rating [5]

Market Sentiment - The Fear and Greed Index indicates Extreme Fear, yet the SPY is only 2% from all-time highs, suggesting a disconnect in market sentiment [1] - The Put/Call Ratio remains low, indicating that any increase in hedging may reflect panic rather than a true sentiment collapse, with the VIX above 20 signaling institutional protection [2] Regional Banks - Zions Bancorporation (ZION) has reignited concerns about bank stability by revealing new unrealized bond losses, negatively impacting other regional banks like CFG and KEY [3] - The banking sector remains fragile, with large banks better positioned but still vulnerable to investor concerns regarding financial stability [5] Earnings Season - Upcoming earnings reports from major companies such as Netflix (NFLX), Tesla (TSLA), Intel (INTC), and IBM (IBM) are expected to be significant market catalysts [6] - Analysts anticipate modest EPS growth from NFLX, mixed margins from TSLA due to pricing pressures, and continued AI momentum from INTC and IBM [6] - The results from these earnings could determine whether the current market pullback is a consolidation phase or a breakout setup as the year ends [8]

According to Deribit data, over $5.3 billion in crypto options are set to expire tomorrow. BTC options total $4.3 billion in notional value with a Put/Call ratio of 1.12 and a max pain price of $117,000, while ETH options total $940 million with a Put/Call ratio of 0.9 and a max pain price of $4,430. BTC traders remain divided between $110K puts and $120K calls, while ETH flows show a more bullish bias. https://t.co/f72lKcsP8z ...

Core Viewpoint - Kenvue Inc (NYSE:KVUE) stock has increased by 3.9% to $17.62, recovering some losses from the previous day due to controversy surrounding acetaminophen use during pregnancy and its alleged link to autism, which has been criticized by medical professionals for lacking scientific evidence [1] Stock Performance - KVUE is rebounding from a record low of $16.89 but still needs to recover from a 7.5% bear gap and is trading below the 20-day moving average, with a year-over-year deficit of 23.3% [2] Options Activity - The options market shows a more pessimistic sentiment than usual, with KVUE's 50-day put/call volume ratio ranking higher than 90% of annual readings across major exchanges [3] - Today's options activity includes 112,000 calls and 60,000 puts, which is six times the typical volume, with the most popular contracts being the November 19 and 23 calls, alongside new positions at the weekly 10/3 17.50-strike put [4]

Core Insights - Visa's stock has been trading between $340 and $355 since August, following a rejection at the $360 level in July, after reaching an all-time high of $375.51 on June 11, contributing to an 18.4% year-over-year gain [1] Group 1: Stock Performance and Trends - Visa stock is currently near its 12-month moving average, having closed above this trendline in 80% of the last 20 months. Historically, this has led to a price increase one month later 83% of the time, averaging an 8.2% gain [2] - A similar price movement from the current level could push Visa's stock above $368, with long-term returns averaging a 19.3% gain after three months in 89% of cases, potentially reaching new highs around $406 [3] Group 2: Options Market Sentiment - The options market shows a high level of pessimism, with Visa's 50-day put/call volume ratio at 1.11, ranking higher than 71% of readings from the past year. The put/call open interest ratio of 1.06 is in the 83rd percentile, indicating a strong put bias among short-term options traders [5] - Current conditions suggest it may be a favorable time to consider options trading, as Visa's Volatility Index (SVI) of 21% is in the low 12th percentile of its annual range, indicating low volatility expectations from options traders [6]

Core Viewpoint - On Holding (ONON) is experiencing volatility, currently trading at $49.94, down 3.2% in the afternoon, with an 8.5% year-to-date deficit, but historical patterns suggest potential for recovery [1] Group 1: Stock Performance - Since mid-June, ONON has faced resistance at $55, limiting breakout attempts and contributing to its year-to-date underperformance [1] - Historical data indicates that after similar market conditions, ONON has increased in value 75% of the time, averaging a 10.6% gain one month later [2] Group 2: Technical Indicators - ONON is currently within one standard deviation of the 80-day moving average, having spent 80% of the past two months above this average [2] - The stock's recent trading behavior suggests a potential upward movement if the historical trend continues [2] Group 3: Market Sentiment - Options traders exhibit extreme bearish sentiment, with a put/call open interest ratio of 1.66, placing it in the 99th percentile of the past year [4] - A reversal of this bearish sentiment could provide additional support for ONON's stock price [4]