Tim Knight has dozens of shorts open and a handful of long puts, and his Frankenstein portfolio just survived a strong green open without getting demolished. He walks through SpaceX settling into equilibrium after its record IPO, Anthropic quietly pushing its listing back, and why the weekend peace rally narrative is running out of credibility.
Then the charts: SMH long January puts threatening key support, a diamond topping pattern forming on the ES, Bitcoin teasing a breakdown below 60K, and a SPY gap that is the line in the sand for the last bears standing. The morning rally lasted 22 minutes.
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Chapters
00:00 Tim's Frankenstein portfolio of shorts
00:43 Strong open but his shorts keep recovering
01:51 SpaceX IPO settles after six days of mayhe...