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This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. However, recent profit-taking and valuation concerns led to a pullback and a rare downgrade from a Wall Street analyst. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Kolanovic wasn't the only Wall Street strategist to be caught out by the bull run — but rival banks have incrementally increased their calls.
Persons: Skydance, David Ellison, Marko Kolanovic, Kolanovic, Lori Calvasina, Calvasina, Tesla, Tom Narayan, Squawk, Narayan, Tom Sosnoff, Bill Ackman, Warren Buffett, Sosnoff, — CNBC's Pia Singh, Alex Harring, Holly Ellyatt, Ruxandra Iordache, Ryan Browne, Samantha Subin, Lim Hui Jie, Leslie Josephs Organizations: New York Stock Exchange, CNBC, Nvidia Nvidia, Wall, Paramount, Skydance Media, Paramount Global, Hollywood, Boeing, Justice Department, JPMorgan, RBC Capital Markets, RBC Locations: Hollywood
Those strike prices were substantially higher than the stock's price, which was trading between $10 to $16.50 that week. But what Sosnick found interesting was that the open interest went up faster for the $30 strike calls, signaling an expectation that the price would really rally this time. The table below shows the rise in open interest on strike calls of 20, 25, and 30 set to expire by May 17 and the price of the contracts. AdvertisementTom Sosnoff, the cofounder of Thinkorswim and Tastytrade, says there's probably a reasonable explanation behind the rise of open interest in GME. As for the rise of open interest on the 30-strike price, he attributes it to the cheapness of those contracts relative to the other strikes rather than a function of price prediction.
Persons: Keith Gill's, Roaring, Gill, Steve Sosnick, Sosnick, GME, Tom Sosnoff, there's, you'd, Sosnoff Organizations: GameStop, Social, Interactive, Traders Locations: GME
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStay away from 'old news' meme stocks like AMC and GameStop, says TastyTrade's Tom SosnoffHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Tom Sosnoff, Brian Sullivan, Organizations: AMC, GameStop, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReddit going public will 'force their hand' to learn to be profitable, says tastylive's Tom SosnoffTom Sosnoff, tastylive CEO, joins 'Squawk Box' to discuss Reddit's decision to go public, whether the company can be profitable, news that Reddit users will be allowed to participate in the listing through a directed share program, and more.
Persons: Tom Sosnoff Tom Sosnoff
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTastytrade's Tom Sosnoff talks the rise in investing among teenagersHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Tom Sosnoff, Brian Sullivan, Organizations: CNBC
Tom Sosnoff, the co-founder of Thinkorswim and Tastytrade, is a longtime advocate of options trading. One feature of options is they allow you to trade costly underlying securities with a fraction of the money. Sosnoff says an options trader can get that same exposure for as little as $250. However, Sosnoff prefers a riskier trade that he says is more capital-efficient — one he considers the simplest option strategy with the highest probability of profit. The value of a car — or an option's underlying security, like a stock — could, in theory, go to zero, leaving the investor holding the bag.
Persons: Tom Sosnoff, Thinkorswim, Sosnoff, doesn't, let's, Kris Sidial, John McGinn, McGinn, Sidial Organizations: Netflix, bullish, Investments
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWall Street on record watch: Major stock averages inch closer toward record highsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Tom Sosnoff, co-founder of tastytrade, joins the show to discuss this past week's market action.
Persons: Brian Sullivan, , Tom Sosnoff Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow is probably the best time in a decade to take a company public, says Tastytrade's Tom SosnoffTom Sosnoff, Tastytrade founder, joins 'Squawk Box' to discuss the IPO market, why he believes now is the best time for IPOs in almost a decade, and more.
Persons: Tom Sosnoff Tom Sosnoff Organizations: IPOs
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe 'trillion dollar babies' own this stock market rally, says Tastytrade's Tom SosnoffTom Sosnoff, Tastytrade founder and CEO, joins 'Last Call' to discuss what's behind the recent market rally, what makes him nervous about the current market, and more.
Persons: Tom Sosnoff Tom Sosnoff
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig beats for major banks: JPMorgan, Citi and Wells Fargo top earnings estimatesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Tom Sosnoff, Tastytrade founder and co-CEO, and Herb Greenberg, Empire Financial Research editor, join the show to discuss the latest Big Bank earnings.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat's up with Charles Schwab? Stock record worst month since 1987Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Tom Sosnoff, Tastytrade founder and co-CEO, and Guy Adami, CNBC’s “Fast Money” trader, discuss why Charles Schwab shares had their worse month since 1987.
SVB collapse: Here's how retail investors are reacting
  + stars: | 2023-03-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSVB collapse: Here's how retail investors are reactingTom Sosnoff, Tastytrade founder and CEO, joins 'Squawk Box' to discuss how retail investors are considering the SVB collapse, Sosnoff's thoughts on the shifts with the retail investor, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGood founders and good firms are going to be just fine, says Tom Sosnoff of TastytradeTom Sosnoff of Tastytrade joins CNBC's Brian Sullivan and 'Last Call' to discuss the collapse of Silicon Valley Bank and the impact it could have on companies and employees there.
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