koolgal
12-20 14:45
🌟🌟🌟 Friday's financial showdown saw the biggest options expiration in history worth  USD 7.1 trillion which collided with a rare Bank of Japan rate hike.

While traders braced for market chaos, the S&P 500 laughed in the face of the "pinning effect" and went full steam into a gamma fueled rally.

The market completely shrugged off the BoJ's predictable move and the massive options overhang to close at 6,834.50, a robust gain of 0.88% for the day.

The rally was fundamentally supported by a comeback in the AI trade.  $Micron Technology(MU)$ earlier blowout earnings and news that TikTok would sell its US operations to a venture including $Oracle(ORCL)$ Silver Lake and MGX, helped to fuel the rally.

It is Ho Ho Ho All the Way to Christmas and the New Year.πŸŽ…πŸŽ…πŸŽ…πŸŒˆπŸŒˆπŸŒˆπŸ’°πŸ’°πŸ’°πŸŽπŸŽπŸŽ

@Tiger_comments @TigerStars @TigerClub @CaptainTiger @Tiger_SG

Record Options Expiry Meets BoJ: Can S&P 500 Close Higher Tonight?
Wall Street faces an unprecedented β€œquadruple witching” this Friday, with record options expirations tied to roughly $5 trillion in S&P 500 exposure and another $880 billion linked to single stocks. The Bank of Japan raised its benchmark interest rate from 0.5% to 0.75%, in line with market expectations. This move lifted rates to their highest level in 30 years and marked the BOJ’s first rate hike in 11 months, since January 2025. ----------------- Will the bull hold 6800? How much effect would BOJ rate hike lay on US stock? Can Santa rally be assured tonight?
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