The overnight energy read faces its first complication: XLE is softer pre-market on the day RRC reports, and the momentum ahead of a catalyst often already belongs to whoever positioned into it. Chips are the sharpest sector bid before the bell — Celestica's earnings gap is a specific data point against the AI infrastructure selloff story, since the contract manufacturer delivering into that buildout just reported well. The broader tape is tilted to the upside, with liquid stocks gapping up outnumbering gapping down by a wide margin, so this is not a risk-off open. On bonds, Kettner's flip to long is the most interesting new signal inside an otherwise lopsided short camp — whether the yield tape at the open confirms or fades that move is today's macro thread. GOOGL in two days and the energy number today are the two next pivots.
Read the full edition →SPY +0.3%, QQQ +0.5%, IWM +0.4%. 106 liquid stocks up 2% or more, 31 down. Leading chips +1.5%, lagging energy -0.4%.
Up: SOFI +11.2%, CLS +10.7%, FER +10.1%, HRI +7.8%
Down: INOD -11.5%, WSO -9.3%, XYL -7.7%, CVLT -7.6%
Liquid = average daily volume of $50M or more; names with $1M or more traded since 04:00 ET; ETFs left out.
Its move, its options volume, the put at the bid and the ten-year one-lot history, for every stock you follow. Follow from any stock page.
Find a stock →| AI & data centers | 0 up · 27 down of 41 | 66% vs 48% market | 8 pts fewer of its names moving than last edition; 6 new dated views (4 bullish): Dan Ives, Unknown, Taylor Riggs, Dagen Mcdowell |
| Defense & drones | 1 up · 8 down of 16 | 56% vs 48% market | 17 pts fewer of its names moving than last edition; 1 8-K filed into the theme: PPTA; 3 new dated views (3 bullish): Eric Sterner, Unknown, Guy Adami (RiskReversal) |
| Energy (oil & gas) | 16 up · 0 down of 23 | 70% vs 48% market | 20 pts more of its names moving than last edition; 5 new dated views (5 bullish): Jason Bottenfield, Dan Greenhaus, Oliver Renek, Chris Whalen |
| Nuclear & uranium | 1 up · 6 down of 11 | 64% vs 48% market | 11 pts fewer of its names moving than last edition |
| Power & the grid | 0 up · 7 down of 9 | 78% vs 48% market | 8 pts fewer of its names moving than last edition; 2 new dated views (2 bullish): Stephen Schwarzman, Citrini |
| Robotics & autonomy | 0 up · 5 down of 12 | 42% vs 48% market | 25 pts fewer of its names moving than last edition; 1 new dated view (1 bullish): Citrini |
| Space | 1 up · 7 down of 11 | 73% vs 48% market | 17 pts fewer of its names moving than last edition |
| Name | Price | IV | Own-yr pctile | Why today | Example contract (last close) |
|---|---|---|---|---|---|
| AMZN Retail Earnings in 3d | $249.4 | 52.2 | 96 | high vol, top of its year, post-drop | Dec 4 $225p · $3.95 bid ≈ 1.76% / 39d |
| AMAT Semis | $390.16 | 62.3 | 80 | high vol, top of its year, post-drop | Dec 4 $340p · $6.4 bid ≈ 1.88% / 39d |
| PLTR Software Earnings in 7d | $198.84 | 74.5 | 97 | high vol, top of its year | Dec 4 $170p · $4.85 bid ≈ 2.85% / 39d |
| Name | What | Volume vs normal | Calls / puts | Stock move |
|---|---|---|---|---|
| RRC $53.01 | long-dated call build | 5.8× 6,672 contracts | 77% calls · 23% puts | +16.45% day · +22.6% week |
| LBTYA $7.54 | long-dated call build | 8.3× 20,936 contracts | 64% calls · 36% puts | -4.07% day · -1.3% week |
| BRZE $45.80 | long-dated call build | 6.3× 32,835 contracts | 99% calls · 1% puts | -0.11% day · +48.9% week |
| IQV $273.60 | options volume out of the ordinary | 9.8× 5,418 contracts | 55% calls · 45% puts | -2.06% day · +2.9% week |
| CART $61.20 | options volume out of the ordinary | 7.9× 43,038 contracts | 81% calls · 19% puts | +8.41% day · +22.4% week |
This is activity, not a reading on premium: who traded size, in what, leaning which way. Volume = settled options volume against the name’s own normal, with the contracts traded under it. Calls / puts = the split of that volume. Stock move = last session and last five sessions.
Board delta: 302 new ideas from 384 new videos since the last edition. Convergence lives in Idea Scout on Sunday.