Stocks Choppy as Bitcoin, Crypto Sell Off

The 10-year Treasury yield surged to its highest level in 11 years

Digital Content Manager
Sep 19, 2022 at 11:52 AM
facebook X logo linkedin

Stocks are struggling for direction midday. The Dow Jones Industrial Average (DJI) was last seen slightly below breakeven, while the S&P 500 Index (SPX) and the Nasdaq Composite (IXIC) are back in the red, after all three major indexes saw a brief foray into positive territory.

This volatility -- triggered as the 10-year Treasury yield surged to its highest level in 11 years this morning  -- comes ahead of the Federal Reserve's two-day policy meeting, that kicks off tomorrow and is expected to bring yet another aggressive interest rate hike. In other news, the NAHB home builders' index fell for the ninth-straight month, and Bitcoin (BTC) earlier hit its lowest level in three months.

Continue reading for more on today's market, including:

  • Grand Theft Auto leak weighs on video game stock.
  • AutoZone stock rises on strong same-store sales.
  • Plus, options bears circling GOOS; acquisition buzz drives cannabis stock to all-time highs; and pharma stock bottoms out.

MMC Stats 0919

Options bears are blasting Canada Goose Holdings Inc (NYSE:GOOS) today, with 12,000 calls exchanged so far -- 54 times the volume that is typically seen at this point -- compared to just 45 calls. Most popular by a long shot is the weekly 10/7 15-strike put, with new positions being opened there. GOOS is up 1% to trade at $17.41 at last glance, after an upgrade from Williams Trading to "hold" from "sell." The stock was turned away at $20 last week, sits near annual lows of $16.65, and is down 52.7% year-to-date.

BYND Cannasoft Enterprises Inc (NASDAQ:BCAN) is one of the top performers on the Nasdaq today, last seen up 128.9% at $9.50. Today's massive bull gap comes after the company agreed to acquire Israel-based Zigi Carmel Initiatives & Investments in a share swap valued at $28 million. BCAN earlier hit an all-time high of $16.38, and has added a whopping 82.5% quarter-to-date.

Meanwhile, Syros Pharmaceuticals Inc (NASDAQ:SYRS) is near the bottom of the Nasdaq. Last seen down 26.6% at $5.39, the company executed a 1-10 reverse split this morning, after on Friday announcing the closing of a merger with Tyme Technologies. SYRS earlier slipped to an all-time low of $5.25, guided lower by its descending 60-day moving average. Year-over-year, the equity is down 89.2%.

SYRS 60 Day



Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI