Hi there,

Yesterday, Monday, March 2, 2026, Wall Street was gripped by significant geopolitical tension as the market absorbed the news of joint military operations in the Middle East. While major indices opened with sharp losses, they displayed remarkable intraday resilience, clawing back nearly all of their early declines as energy and defence stocks surged.

📉 Active Option Trade Tracker

The market opened down 1% yesterday afternoon but recovered some ground to finish nearly flat. While that bounce was a positive sign, our decision to wait is proving correct with futures down another 0.9% today.

We are waiting to see if the market retests those lows before we officially pull the trigger on the 6150 short put. Patience here usually leads to a better premium and a safer entry. We hope to get this trade on today.

I will send a "Trade Trigger" alert as soon as the entry conditions are met. As a reminder here is the trade we are looking at today on the S&P 500:
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📅 Market Review for Monday, March 2, 2026

Overview: The week began with a "risk-off" shock following reports of conflict in the Middle East. Oil prices leaped over 6% on fears of supply disruptions through the Strait of Hormuz, while Gold hit a record high of $5,300. Despite the chaos, tech and energy stocks helped the S&P 500 erase a 1.2% morning drop to finish nearly unchanged.

🏛️ FX & Crypto Review

• Bitcoin (BTC): Gained +2.22% to close near $66,327. Interestingly, Bitcoin acted more as "digital gold" yesterday, rising alongside safe-haven assets despite the broad equity volatility.
• Gold: Hit an all-time record of $5,300 per ounce before settling slightly lower. It is now up 24% YTD, vastly outperforming the S&P 500.

📈 Major Indices & Commodities

• S&P 500: Gained +0.04%, closing at 6,881.62.
• Nasdaq Composite: Rose +0.36%, finishing at 22,748.86.
• Dow Jones Industrial Average: Slipped -0.15% (-73 points), closing at 48,904.78.
• WTI Crude Oil: Surged +6.3% to settle at $71.23 per barrel.

📊 Specific Stock Performance (Verified Closing Prices)

• PLTR (Palantir): Up +5.87%. A major beneficiary of increased defense spending and government contract speculation.
• NVDA (Nvidia): Up +3.04% ($182.56). Rebounding strongly as the primary driver of the S&P 500.
• XOM (Exxon Mobil): Up +1.10%. Gaining as crude prices approach the $80 mark.
• AAL (American Airlines): Down -4.21%. Travel and leisure stocks were hammered by rising fuel costs and geopolitical uncertainty.

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