THE TAPE HAS FLIPPED. Yesterday's 900-point Dow reversal after Trump declared the Iran war "very complete" changed everything. Oil collapsed from $119 to $85. Risk-on is back. Top plays: ORCL calls (earnings tonight, down 50% from highs, low bar — play the run-up), HIMS continuation (43% short interest, squeeze likely not over), AAL calls (airlines are the biggest winner from the oil collapse), SNDK calls (memory sector breakout +12% Monday), XOM puts (energy trade unwinding fast). Big rotation: Tech & Airlines rotating IN. Energy & Defense rotating OUT.

Monday, March 9, 2026 | Pre-Market | ~8:00 AM EDT