Wall St. Swaps TACOs For NACHOs

Chart of the Day — Historic S&P 500 Call Volume
Trade of the Day — Rare Earths Are Ready to Run
Alpha Leaks — Deals from Intel, Amazon, RocketLab, Anthropic + more
News Roundup — The AI Data Center Trade Is Back + more
Degen Play — S&P 500 Max High Price Prediction

Historic S&P 500 Call Volume

The S&P 500 reached a record high of 7,400 on Friday in its longest winning streak since 2024. It’s up 17% since the US-Iran war bottom on March 30th, with over $10 trillion added in the past 40 days.

Call option volume exploded to a record $2.6 trillion in a single day, with calls making up 58% of all options traded. That’s 4x more than early 2023, showing just how fast risk appetite has re-entered the market since the Middle East conflict began.

When traders buy big amounts of calls, the market makers selling those calls are forced to hedge by buying the underlying stocks, creating a gamma squeeze and pushing prices higher.

This is one of the biggest stock market reversals in history.

Rare Earths Are Ready to Run

MP Materials [MP] is flashing a textbook double bottom reversal on the weekly chart. After two successful tests of the $45 floor over the last several months, the stock has reclaimed its $68 resistance level and turned it into support.

The setup is supported by high short interest, which could provide the fuel for a massive move higher as shorts are forced to cover. The entry would be on any retest of the $67–$68 zone. Keep an initial stop loss below $62 to protect the trade.

The first target is ~$74, at which point I’d suggest moving the stop loss up to that level to lock in gains. Because there is very little historical resistance above that point. The secondary target would be the $83–$90 range.

This company is one to watch as money rotates back into the rare earths theme.

Stop Missing the Trades That Change Lives

Know the Big Trades Before They Hit

While most people are drowning in noise, a quiet group of investors already knows what's coming. They've got the research, the setups, and the edge.

This is the Inner Circle. We cut through the chaos and help deliver real signal.

Start your 7-day free trial right now — and discover what you've been missing.

Protect Your Wealth Before It’s Too Late

Smart money isn’t chasing hype right now. It’s moving into gold and silver. And they’re doing it in Singapore.

No taxes. No reporting. Stable, gold-friendly government.

BullionStar offers low fees, a huge range of coins and bars, secure Singapore vault storage, and seamless crypto-to-metals conversion.

Lark has been using BullionStar since 2021 because they make crypto-to-metals swaps instant and easy.

Thank you for supporting us by signing up via our affiliate partner

Wall St. Swaps TACOs For NACHOs

Wall Street has swapped the TACO trade for NACHO — “Not A Chance Hormuz Opens.” Wall St. is growing skeptical that the Strait of Hormuz will reopen anytime soon with ongoing US-Iran tensions keeping oil prices elevated in the $90-$110/barrel range and shipping insurance premiums high.

Trump says he’s awaiting Iran’s response to a peace proposal, while new sanctions roll out.

Despite the geopolitical uncertainty, the latest US jobs report beat expectations for the second month in a row. The US economy added 115,000 jobs in April, beating forecasts of 90,000, and the unemployment rate held steady at 4.3%.

The market is choosing AI profit strength over near-term macro and geopolitical noise for now. This works while earnings momentum stays strong, but it increases vulnerability if oil stays elevated or tensions worsen.

The AI Data Center Trade Is Back

Earnings season just confirmed it…the AI data center trade is growing faster than anyone expected. Every major name in the space either signed a deal, raised capital, or is about to report earnings:

● IREN: Signed a $3.4 billion, 5-year AI cloud contract with Nvidia to power AI factories and the right to invest up to $2.1 billion in IREN at $70 a share. Bernstein raises PT to $100.

● Terawulf [WULF]: HPC revenue of $21 million surpassed Bitcoin mining for the first time in Q1.

● Cipher Digital [CIFR]: Signed its third AI hyperscale campus lease client and secured a $200M credit line.

● Digi Power X [DGXX]: Signed a $1.1 billion 10-year data center contract with Cerebras. This could extend up to $2.5 billion.

● Keel Infrastructure (formerly Bitfarms) [KEEL]: Due to announce its earnings on May 11th – investors are hoping for a positive update on its 2.2 GW pipeline leasing progress.

● CleanSpark [CLSK]: Due to announce its earnings on May 11th – any positive updates on its pivot to AI data center could lift the stock price.

Watch this sector on Monday. KEEL and CLSK report earnings, and both have AI pivot stories the market is waiting to price in.

Crypto Clarity Act Senate Showdown Next Week

The US Senate Banking Committee will finally sit down to discuss the long-awaited Clarity Act on May 14th.

The sticking point for months had been the banks fighting a provision that allows stablecoin rewards, arguing it pulls deposits out of the TradFi system.

A stablecoin compromise was first reached in principle on March 20th, allowing exchanges to pay rewards on transaction activity but not on passive savings. However, the final legislative text was only officially released at the beginning on May.

This latest release of the actual wording resolved the longstanding dispute and directly paved the way for the Senate Banking Committee to schedule the executive session for May 14th.

This meeting will be followed by a Senate floor vote in June and House passage before the July 4th deadline.

S&P 500 Max High Price Prediction

Wall Street’s 2026 year-end targets show an average of around 7,600–7,700, with high-end forecasts from Deutsche Bank at 8,000 and Oppenheimer at 8,100.

The index is already hitting all-time highs with strong earnings growth and AI momentum intact. Reaching 8,000 requires only ~8–9% upside from current levels, a move the S&P has made multiple times in this bull run. And could make a run for after the mid-term elections are resolved.

The play is to buy YES shares of 7,800 or above for 69.7¢ on Kalshi. Given that the S&P 500 is now in overbought territory on the daily and bordering on overbought on the weekly timeframe, look to either enter or top up your position if and when there’s a pullback.

Want to reach 154K+ crypto investors?