Takeaway

The presenter argues that today's historic options expiration is creating a "trap day" that will reset the market after a week of illogical price action. He sees opportunities in long positions in airlines and precious metals, believing they are set up for upside next week if they demonstrate strength on shallow pullbacks today.

What the presenter said

• September 18, 2026, is a historic day for the US stock exchange due to a very large options expiration. [00:05]
• This expiration is causing the market to be choppy. [00:29]
• The market has been illogical all week, citing bonds rising after a Fed rate hike and the Yen falling after a rate hike in Japan. [00:32]
• Today is a "trap day" where the market will establish its setup for future moves. [00:49]
• The main focus for trading today is crude oil. [01:18]
• The presenter notes that the price of oil refuses to go lower, despite pullbacks. [01:26]
• Airlines are considered too cheap and possess upside potential. [01:37]
• Specifically, Southwest Airlines appears ready for an upward move. [01:44]
• The speaker suggests that shallow pullbacks in airlines and precious metals that turn higher by day's end would indicate room for upside next week. [01:50]

Trade ideas

• Instrument: Airlines (e.g., Southwest Airlines)

  • Direction: Long
  • Entry: Not specified, implied after a shallow pullback
  • Target: Not specified, implied upside next week
  • Stop: Not specified
  • Horizon: Short-term
  • Conviction: Medium

• Instrument: Precious Metals

  • Direction: Long
  • Entry: Not specified, implied after a shallow pullback
  • Target: Not specified, implied upside next week
  • Stop: Not specified
  • Horizon: Short-term
  • Conviction: Medium