In partnership with
Here’s what’s happening in the stock market today:
The U.S. stock market is pulling back today as investors weigh renewed Iran-war concerns, a mixed earnings backdrop, and pressure on tech after Broadcom’s outlook disappointed. Stocks closed lower Wednesday and futures have been choppy, while oil eased a bit as traders reassess the geopolitical risk. 📉⏳
Major Indices Performance 📊
U.S. stocks closed lower Wednesday, snapping a recent winning streak.
The S&P 500 and Nasdaq had been near record territory, but both are giving back some of those gains.
Futures were mixed after the close, suggesting a cautious start to Thursday’s session.
Market Movers 🚀
Broadcom is pressuring the chip sector after its outlook failed to impress investors.
Defense- and energy-linked names are drawing attention as the Iran conflict remains in focus.
Traders are also watching whether recent winners in AI and semiconductors can keep momentum going.
Key Events Driving the Market 🗞️
The House approved a resolution limiting President Trump’s ability to continue military operations against Iran, keeping geopolitics at the center of trading.
Oil prices eased Thursday, but the market is still pricing in uncertainty from the Middle East conflict.
Investors are digesting stronger labor-market data and what that could mean for Fed policy and rates.
Broadcom’s guidance has added another reason for traders to be selective in tech.
Investor Sentiment 👀
Sentiment is cautious rather than panicked, with traders taking profits after a strong run.
The market is still close to highs, but leadership is narrowing and volatility is rising.
For now, investors seem focused on headlines and earnings more than on broad-based buying.
Get on the SpaceX IPO Notification List
SpaceX's IPO is coming, and when the official IPO filing drops, allocations will vanish fast.
Join our free notification list and we'll alert you the moment the filing hits — plus send our pre-IPO playbook covering backdoor plays you can buy today and expected valuation ranges.
TRADE OF THE DAY:
HUT
Name: Hut 8 Corp.
Symbol: HUT
Current Price: Approximately $125.23
Trade
Sell to Open: 1 HUT Jul 2, 2026 92/87 Put Vertical
Total Credit Received: $62.00
Credit per Contract: $62.00 (for one contract covering 100 shares)
Direction: Bullish (expects HUT to stay above the break-even level)
Probability of Profit (PoP): 83.99% (as provided)
Potential ROI:
Max Risk (Loss): $438.00
ROI: ($62.00 ÷ $438.00) × 100 ≈ 14.2%
Trade Explained in Simple English:
You’re entering a bullish put credit spread by selling the $92 put and buying the $87 protective put, both expiring on July 2, 2026. You receive $62.00 upfront for taking on the obligation. The trade is profitable if HUT closes above the break-even price of $91.38 at expiration, allowing you to keep the entire credit. Your maximum profit is limited to $62.00, while your maximum loss is capped at $438.00 if HUT finishes below $87.00 at expiration.
Wall Street Highlights:
News Beyond the Numbers
SpaceX launched its IPO roadshow with plans to raise a record $75 billion, making it one of the most anticipated Wall Street deals in history. Read More
Private-equity giant Partners Group reported elevated redemption requests from investors, highlighting growing liquidity concerns in private markets.
Read MoreUniversal Music Group bought back shares from Bill Ackman’s Pershing Square after rejecting a $64 billion takeover proposal, ending a high-profile Wall Street battle. Read More
Hedge fund D. E. Shaw & Co. tightened redemption terms for investors, reflecting increasing caution among major Wall Street firms. Read More
Activist investor Pershing Square Capital Management is exiting a large stake in Universal Music after its takeover bid was rejected, locking in an estimated $600 million profit. Read More
Disclaimer: The content provided by OptionPicks is for informational and educational purposes only and should not be construed as investment, financial, legal, or tax advice. We are not registered as a broker-dealer, investment adviser, or financial advisor with the SEC, FINRA, or any other regulatory authority. Options trading involves substantial risk and is not suitable for every investor. Past performance is not indicative of future results, and no representation is being made that any subscriber will or is likely to achieve profits or incur losses similar to those mentioned. You should consult with a licensed financial professional before making any investment decisions.
