SP500 is up about ~33% since the April low. To choose a different reference point, since the Feb high water marks that preceded Liberation Day, these indices have rallied: SP500 ~10% IWM ~ 8% QQQ ~12% SMH ~ 25% A few single stock performances since Feb: MSFT and GOOG ~+25% AAPL ~+5% META flattish AMZN … Continue reading my read on the market from the option lens →