this week was a nice reminder that stocks are just as unhinged as crypto
BREAKING: US technology stocks collapse at the open, erasing -$1.3 trillion in market cap in 30 minutes, with dozens of names down 10% or more.
Tech Stocks Today:
1. SanDisk, $SNDK: -15%
2. Western Digital, $WDC: -13%
3. Nebius, $NBIS: -13%
4. AMD, $AMD: -12%
5. Seagate, $STX: -12%
6. Qualcomm, $QCOM: -10%
7. Micron, $MU: -10%
8. Tesla, $TSLA: -10%
9. Dell, $DELL: -10%
10. Arm, $ARM: -10%
11. Marvell Technology, $MRVL: -10%
12. CrowdStrike, $CRWD: -10%
13. Intel, $INTC: -9%
14. CoreWeave, $CRWV: -8%
15. Palantir, $PLTR: -8%
16. SpaceX, $SPCX: -7%
17. TSMC, $TSM: -7%
18. Nvidia, $NVDA: -5%
19. Broadcom, $AVGO: -5%
20. Oracle, $ORCL: -5%
The Nasdaq 100 is now down -4% on the day.
We expect a highly eventful day ahead.
Turn on our post notifications @KobeissiLetter for real time analysis as this develops.
At year-end, 808,800 USDC goes to Aevo traders
The only question left is how it gets split
With less than two months remaining, traders can still qualify by reaching 10m in qualifying options and Perp Majors volume while holding an active COMMANDER or LEGEND stake
The leaderboard isn’t settled yet 🔮
Aevo October Highlights 👇
• Aevo Affiliates went live, giving traders access to lower fees through affiliate codes while affiliates earn weekly USDC.
• Trading rewards, staking rewards and the year-end USDC estimate now sit together in a new Rewards tab.
• AEVO staking crossed +30m.
• Another 1m AEVO was bought back using exchange trading fees and burned.
More coming in November 🔮
Aevo retweeted
trading communities getting to set better fees for their members is actually a pretty good idea
Run a trading community? Connect your wallet and get started through our affiliate page.
Already have a code? Enter it on the same page to review your rates before joining.
app.aevo.xyz/affiliates
You called the move but a wick liquidated you before the price went exactly where you expected?
That’s where options become interesting to perp traders, not when someone starts explaining Greeks.
After more than $39B in cumulative options notional, here are 3 lessons we’ve learned from building options alongside perps 👇
If you already trade perps, you already have the starting point for an option.
Take the next setup you’re considering and compare what it looks like through both before choosing the trade 👇
app.aevo.xyz/easy-mode/btc
$AEVO staking has now crossed 30m, up from 27m earlier this month.
Meanwhile, 78m AEVO has been permanently burnt through AGP-3 and monthly buybacks, equal to 7.8% of supply.
Two numbers through two different mechanics, but together the picture is simple: more AEVO is being locked while less remains in supply 🔮