ET
Energy Transfer LP Common Units representing limited partner interests
stock NYSE

Hey everyone, I’m travelling this week, so the posting schedule might be off by an hour or two.
Let's get to it. A considerable amount of short options positioning cleared with OPEX last week but as those contracts expired, some of the stabilising market maker exposure rolled off with them as well .
That reduction in MM positioning now gives both the index and individual stocks a bit more freedom to move which is v important to know as we are heading into a week with a couple of large catalysts.
This is the current implied volatility of the VIX and as you can see the NVDA earnings and Jackson Hole have will likely move the markets quite a bit. Do note that high IV does not mean the market will fall or rise, it means that the market is expecting large swings in either direction
https://preview.redd.it/ldu0xpd7dblh1.png?width=1080&format=png&auto=webp&s=cc4b5da5a5c51ae212185dcbefc79b6bb50e66d1
NVDA earnings has the potential to move the markets as much as Jackson hole and can v quickly become an index level event if they disappoint and take down the AI trade with them.
If this proves to be the case I do expect Jackson Hole to stabilise the market or start a squeeze higher bc Jackson Hole could actually be a good opportunity for the Fed to clear up some of the uncertainty around its communication approach, which has been contributing to higher volatility across the US rates curve and also ties with my thesis that Treasury and the Fed are replicating the Yellen regime.
This is Goldman data and you can see the effect has been particularly pronounced at the front end.
https://preview.redd.it/76d948b8dblh1.png?width=1080&format=png&auto=webp&s=4a7469eeb95f34b2d3d76466387175d442aac7d2
The shift in the Fed’s communication approach has made the path of policy less predictable.
Thats important because higher uncertainty around the policy path normally translates into a higher term premium, so part of the recent increase in term premium, and by extension the push in long-end yields to new highs, can be traced back to the way the Fed has been communicating.
If we instead get a clearer framework for how the Fed intends to react to incoming data, some of that premium can start coming out.
We will have to be especially nimble though as if there’s a move lower of about 3.5% in the SPY and 5% or more in the Qs systematic funds will start to sell and estimates are for about 115B
https://preview.redd.it/mgvzao51eblh1.png?width=1399&format=png&auto=webp&s=820fbf622b9838894b8e89627d5d0d4f2e173f10
An interesting thing I was tracking on Friday is that breadth was also surprisingly strong as we saw just 6 stocks making new lows, which is the fewest since April. The last time the number was lower was during the early stages of what eventually became a pretty aggressive two-month rally.
https://preview.redd.it/xrw31gn9dblh1.png?width=1080&format=png&auto=webp&s=c7ce011fc533e76269b970fa32b02e19f5c59e7c
Toda’s other event is the Treasury Secretary speaking at 2:00pm ET when he will talk about tougher US economic measures against Iran’s trading partners, but I’ll also be listening for any additional guidance around the Treasury’s intervention plans.
By the look of things, the market isn’t expecting much on that front right now judging by the VVIX (VIX of the VIX)
A couple of words on gold
Gold has now hit the $4,700 level I set at the start of the month and I think another push towards $5,000 could come fairly quickly if the current momentum continues.
A lot more people are piling into the trade and options demand is increasing quite aggressively. As dealers hedge that exposure, it can add fuel to the move and increase its magnitude.
Just keep in mind that this mechanic works both ways.
If rate-hike probabilities start picking up again and gold sells off aggressively, those same hedging flows can start working against the bulls and accelerate the move lower instead.
With this being said, positioning on the GLD etf is building on $450 which is likely the next target if ther eare no macro surprises.
https://preview.redd.it/vpcbffjcdblh1.png?width=993&format=png&auto=webp&s=740d4578991229c53999cf0965f2743a108a32c4
On to the SPY - I remain cautious here as mentioned previously I’ve closed the longs and will likely be sitting on my hands as we trade near the 765 level which, if broken will likely start a sharp move lower as market makers hedge in the current negative volatility regime.
As we’ve already seen a couple of bounce of this level, for now, the first level I am willing to play a bounce from is $750 or a move above the $771 level.
https://preview.redd.it/soug2d7ddblh1.png?width=996&format=png&auto=webp&s=5deea1bb0d3e5587de9148c0ef450a7436877d89
For the Qs are looking for a move towards $700 and market makers will hedge with price action all the way down if it starts going lower.
https://preview.redd.it/asv1r91edblh1.png?width=937&format=png&auto=webp&s=8a6bf926419abacd3d8514587199299f47d16da7

August 24, 2026 | 8:08 AM ET

I would do a combination of CEF for 200k, SPMO for 1M, and then some SCHD, JEPQ, QQQI, and then stocks like ET, MPLX, O, WES for the last 1M to get your dividends. That way you get growth and solid cash flows. You should ideally never need your SPMO and CEF - they are there for a raining day or to be trimmed opportunistically and the proceeds into more dividend paying positions. If you’re in the U.S., or a U.S. citizen, the K-1s are great for taxes. But I think you could piece together a pretty robust 6-7% dividend out of the last 1M. Remember that you collect about 0.7% dividends from the SPMO which helps you allocate a little more to SCHD. Ideally that would be about 250k of your dividend position and JEPQ would be about 250k as well. If you’re interested, I’ll shoot you a list of dividend stocks with great 5% dividend floors that have healthy payout ratios.
Best of luck!

There are reasons why some of us becomes slightly more racist at 8pm ET every Sunday to Thursday.

I bought some NVDA to test and it immediately filled on IBEOS around 7:41pm ET.

**📊 Key U.S. Economic Data (ET)**
**2:00 PM** | Treasury Sec Bessent Speaks
⚠️ For informational purposes only. Not financial advice.
📌 #SPY #SPX #Bessent #Markets

Did your order fill immediately? Or did it wait until 8pm ET?

Did the overnight hours for Sunday just change? I was able to trade shares of NVDA before 8pm ET on Sunday.
These are their listed hours:
[https://www.interactivebrokers.com/en/trading/us-overnight-trading.php](https://www.interactivebrokers.com/en/trading/us-overnight-trading.php)

PRODUCT TYPE OVERNIGHT AVAILABILITY
US Stocks and ETFs 8:00pm ET - 3:50am ET
Global Bonds 8:00pm ET - 5:00pm ET
Equity Index Futures and Options Around the clock4, 5
Korea Stock Exchange (KSE) Futures and Options 5:00am ET - 5:00pm ET

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BESSEINT JUSI CALLED A MONDAY PRESS CONFERENCE AS THE U.S. BOND MARKET STARTS BREAKING AGAIN
The Treasury Secretary will address the public at 2:00 pm ET.
The timing is fucking insane.
The 30-year U.S. Treasury yield just hit 5.34%. Highest level since 2007
We're cooked guys

PFE, VZ, ET, BP, KEY

Agreed, I remember when ET money was used to be pretty good in there assesment. However once ET sold it to some rando company backed by VC funding with enough cash to burn for marketing there app became more of an adware, with fund houses paying to be on there ranking lists. There algorithm became shit, I made money I won't say I didnt but buy then I pretty much figured out how the framework of picking right MFs.

Hello, thank you for commenting on this post.
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The refinery side is crushing it right now! Keep the DRIP on, oil always cycle seems to cycle but this cycle might be long for sometime. You might want look into some mid streams, like ET, EPD or HESM, although they ran up already

There is no prediction of anything. The 🧃 control and manipulate everything. You will make nothing, keep nothing, and like it. Unless you let them manage your money, in which case they will use it to steal from everyone else and give you a cut, leveraged trading is only allowed because it allows the 🧃 to steal it in broad daylight, and nobody seems to care. You see them liquidate all leveraged longs across EVERYCOIN at 1:30am ET? Lastnight Like cmon now, its fd up

Stock Pulse mobile app flagged SDOT around 10:38 ET at $15.50. It reached $19.90 at 11:20, roughly 28% above the alert in 42 minutes. Three volatility halts hit during the day, including one shortly after the alert.
I couldn't find fresh positive operating news. Friday's 8-K says Sadot extinguished the remaining $543,478 of some matured debentures by issuing 67,936 shares at $8 each. Including two similar exchanges earlier in the week, that comes to 134,813 new share

It's nice to have you join us on the sub this weekend!
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**8/21/2026, 9:30 AM ET**
Here is Friday’s **Open Bell Journal**.
Starting **Monday, 8/24**, I’ll be posting what the journal is showing between **9:30 AM and 10:00 AM Eastern**, with the strongest ticker or tickers **highlighted in red**.
There may be several red tickers, or there may be only **one**.
Something interesting happened Friday.
Some of the stocks that showed up **red early disappeared**, only to show back up later when their stronger move began.
That is one reason I like keeping a journal of what appears around the opening bell.
A stock disappearing early does not necessarily mean it is finished for the day. Recording it gives me something to go back and watch if momentum returns later.
The stocks **highlighted in red will be the ones to watch**.
**Red does not mean buy. It means pay attention and watch what happens next.**
Friday was a good example of how a stock can appear early, disappear for a while, then come back later for a stronger run.
**For educational and informational purposes only. Not financial advice or a recommendation to buy or sell any security.**
[Click scanner for larger view.](https://preview.redd.it/4y6xuni43ykh1.png?width=1668&format=png&auto=webp&s=9df704b9dcda335b2f15b2e9065f1c13a92ac95e)

Good to see you around the sub today.👋
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