Options on futures are option contracts whose underlying assets are futures contracts. Trading volume and open interest reveal how capital is positioned across different expiries and strike prices. They provide useful signals on market expectations, risk appetite and potential support or resistance zones, although they should not be interpreted as direct bullish or bearish signals. Today’s analysis covers changes in large options trades and open interest on November 3 relative to November 2. These are the latest available data in this report and provide a reference for assessing positioning and risk appetite. The latest futures options data show continued divergence across markets. Nasdaq 100 put open interest remained elevated, although call volume and new call positions led during the la

Weekly Report: Key Views Hello everyone, and welcome to another edition of our Macro Strategy Weekly. Each issue features market strategy insights from selected contributors with relevant professional expertise. We also track how their views perform each week. Here is a preview of this week’s key ideas: 1. Divided Government Could Restrict Policy Progress and Reduce Uncertainty Following the Republicans’ loss of their majorities in both chambers of Congress in the midterm elections, Trump will face greater constraints and more negotiation over policy during the following two years. This may reduce policy efficiency, although it could also limit the market impact of unexpected measures and create a more stable environment. 2. AI Investment Is Driving a Valuation Reset, With Limited Evidence

Our Nasdaq short position was filled near last week’s rebound high, shortly before the market fell sharply and formed a bearish engulfing pattern on the monthly chart. At this sensitive point in the fourth quarter, is the decline the beginning of a trend reversal or merely another interruption in the slow US equity bull market? $納指100ETF(QQQ)$ $納指三倍做多ETF(TQQQ)$ $納斯達克(.IXIC)$ $NQ100指數主連 2612(NQmain)$ $微型NQ100指數主連 2612(MNQmain)$ The bottom line is that the market may reboun

​If Democrat Gina Hinojosa wins the Texas governorship, the direct transmission mechanism to markets is a freeze on AI infrastructure buildout. ​1. The Policy Pivot • She pledges an immediate moratorium on new datacenter approvals until state laws pass protecting water and grid resources. • Plan includes a special session to retroactively revoke 20-year tax incentives granted to large datacenters back in 2015. • Current status: Governor Abbott paused approvals in September, but markets expect Abbott to lift it post-election. A Hinojosa victory extends the freeze indefinitely. • Worst-case scenario: A Democratic sweep of both the governorship and Senate seats. ​2. The Macro Math • 27% of total US datacenter power capacity (GW) sits in Texas (Wells Fargo / CNBC). • 13.3 GW of already-announc

🚨 Semiconductor revenue surged 118%! But look closely: this growth isn’t all from selling chips. ​When people discuss AI semis, NVIDIA, AMD, and Micron get all the airtime. ​On Nov 2, Lattice Semiconductor $Lattice Semiconductor(LSCC)$   released a Q3 earnings report that warrants a disciplined look. ​📊 The Headline Numbers: ​Quarterly Revenue: $291M (+118% YoY) ​FPGA Revenue: +90% YoY ​Non-GAAP EPS: $0.72 ​GAAP Gross Margin: 67.4% ​Q4 Guidance: $325M–$345M ($335M midpoint) ​At +118%, it’s easy to write a quick bull thesis on another runaway AI growth story. ​Here is the structural detail most retail investors miss: ​Lattice completed its acquisition of AMI on July 27. Q3 results consolidate AMI’s revenue, whereas the prior-year period d