AAPL Apple confirmed Tim Cook's CEO departure sending shockwaves through markets. The $4T tech giant showed minimal short pressure at 0.86% SI. Options traders positioned heavily across 26 separate expiry dates through July reflecting massive uncertainty about leadership transition.
Cook led Apple for 15 years transforming it into the world's most valuable company. The CEO handoff marks the biggest tech leadership change since Satya Nadella took Microsoft's helm in 2014.
Gulf tanker attacks shattered fragile Middle East ceasefire hopes. European stocks slid on renewed supply fears as CNBC reported threats to oil flows. FT's Gunvor chief warned crude markets face choppy conditions through June.
BlackRock downgraded European equities citing energy crisis impact. The world's largest asset manager reversed its bullish stance saying stocks no longer look cheap. Hungarian assets bucked the trend as investors bet on EU reform following Peter Magyar's landslide victory.
INTC Intel reports Thursday as the $344B chipmaker navigates foundry transformation. LRCX Lam Research delivers Wednesday results testing chip equipment demand. Intuitive Surgical calls today with procedure volume growth in focus.
ALK Alaska Air posted Q1 results showing airline sector resilience despite oil chaos. The $5.1B carrier extended its Bank of America credit card partnership grabbing bullish options flow. Short interest held at 13.7% as bears maintained positions.
Wall Street banks launched private credit derivatives allowing investors to bet against Apollo and Blackstone funds. JPMorgan and Barclays led the new CDS market as scrutiny of alternative lending intensified.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
