Options
Morning Brief — 2026-06-05: Bullish Momentum Holds
Playbook for the 2026-06-05 session — based on the 2026-06-04 settled close.
The overall market posture remains bullish, with medium-term strength persisting across both SPY and QQQ. Expect the session to be driven by semiconductor leadership from ARM, AMD, and SMCI, while NFLX may provide a bearish counter-weight.
MARKET POSTURE · NEXT SESSION
BULLISH
SPY Bullish · QQQ Bullish
Today's Setups
| Ticker | Bias | Key level | The trade |
|---|---|---|---|
| ARM | Bullish ▲ (H) | call wall 415.0 | Long calls on reclaim of prior high 397.45 |
| AMD | Bullish ▲ (H) | call wall 515.0 | Long calls on reclaim of prior high 532.19 |
| SMCI | Bullish ▲ (H) | call wall 50.0 | Long calls on reclaim of prior high 47.84 |
| ORCL | Bullish ▲ (H) | call wall 250.0 | Long calls on reclaim of prior high 238.95 |
| NFLX | Bearish ▼ (M) | put support 89.0 | Long puts on break of put support 89.0 |
| MU | Neutral ◐ (M) | 920.0–1000.0 | Range — fade the edges |
Analysis, not financial advice. All levels are computed from end-of-day settled data and dealer-gamma model estimates; options carry risk.