Traders, it’s been nice to get back into the flow of the markets this week and we’re getting some nice moves to start the year ahead of non-farm payrolls Friday and an important ruling on tariffs expected Friday from the Supreme Court - this means we have some ideas brewing and there have been some call flows I want to talk about tonight.

Before we get to that there was a new video uploaded from Dan today discussing why the Venezuela situation makes no difference for oil and energy names in 2026 because of our views shared last month:

One of the names in the report has been $VLO ( ▲ 3.14% ) which is +23% in the last 6 months and on the verge of new all time highs.

By the way, this is our new mid-week update format so inside you’re going to get some price-action notes on two names that I’ve been seeing unusual call flows on the past few days and then a quick update with my $SPY ( ▼ 0.32% ) targets into NFP here on Friday.