Anyone know what this means:
Arbe Robotics Option Alert: Aug 21 $3 Calls Sweep (56) Near The Ask: 1988 @ $0.25 vs 24145 OI; Earnings 3/4 Before Open [est] Ref=$1.555
The stock is up 35%.
No f'ing idea. LOL!
Other important news, see below. Can't believe I'm saying this, but if the dollar keeps falling, emerging markets and development markets (ex-US) are going to continue to rally. I'm sitting on a bunch of EEM $60 Jan 2027 calls. Might need some additional international exposure:
US Dollar has begun a meaningful decline, which I expect to test and undercut last year’s lows
The US Dollar has begun to sell off a bit more sharply today as both EURUSD and GBPUSD near upside triangle breakouts.
The expectation is that the US Dollar is beginning a very sharp move down to test and undercut last year’s lows, technically. I like being long Euro and the Pound a bit more than the Yen at the present, but eventually this arguably will also join in moving up vs the Dollar. While many might be eyeing 97.7 for the US Dollar, I’m pretty confident this will be undercut, technically speaking, and lead down to a test of last September’s lows at 96.6 and then a break of this level. Overall, trends have turned bearish, and lower prices look probable for DXY over the next few months.
The area at 1.355-1.365 is key for Sterling, while movement above 1.177 would trigger an upside breakout for the Euro. EURJPY has already broken out and should head higher to 1.885.
US Dollar Index