Mike Wilson Says We're in the Final Innings, the Options Agree

Morgan Stanley's Mike Wilson says stocks have been in a nasty correction since June, you just can't see it in the index. Mike Butler shows the tools to see under the hood. The cap-weighted S&P chopped sideways while the equal-weighted RSP fell about 10% into October, and the share of companies above their 50-day average sank to 20%. A few top-heavy tech names held the index up while the average stock got hit. He then checks the 8,500 call against the options. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 Wilson says a nasty correction since June 00:18 It's the average stock, not the index 00:40 The final innings call, and 8,500 01:11 Seeing under the hood on the platform 01:47 RSP, the equal-weighted S&P 02:29 RSP fell 10% while SPY chopped 03:21 The 50-day breadth gauge 03:53 Only 20% above their average 04:23 The breadth rebound, a healthier market 05:35 What the options say about 8,500 #tastylive #mathcheck #mikebutler #marketbreadth #rsp #concentrationrisk #spx #optionsmath #optionstrading #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.