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Welcome to (tech) upside panic

Panic call buying - QQQ edition

The upside panic in a pic. With implied vols at rather low levels, just use those options to play direction, and/or get some long gamma onboard and hedge the deltas. These moves are huge, and gamma is cheap. Long gamma is always a good way to "regain" confidence and trade the market from the "right" side, in case the last moves have confused you.

Source: Spotgamma/Hiro

The concentrated NDX bull

Source: Refinitiv

Rich getting richer

Source: Refinitiv

Mighty tech in a pic

Source: Refinitiv

The ones that have to buy

Source: Barclays

Time for semis (again)?

Source: Refinitiv
Source: Soc Gen

GS: end of hiking, but no start of recession

Chasing protection - upside down edition

Source: Tradingview

Longer term equity volatility and real policy rates

Source: Soc Gen