Jason Polansky✓

This is The Golden Age of Option Trading ™️ If you have a view, non-recourse leverage is being given away CONSTANTLY.

RT @matcasey: Jeffries will be canvassing new members in Nov to develop a plan for what a Dem House stands for. Dont be surprised if it’s heavy on AI tax/regulation. It appeals to moderates & DSA, it doesn’t have the stigma of any culture wars & it’s popular! Beware corporate profits.

Enough with the MAGA extremism wrecking our country. House Democrats will deliver dramatic change.

RT @Geo_papic: This is one of those "thanks tips" obvious conclusions... but my colleague @WeisbergerNoah actually did the hard work of Big N analysis to quantify the risk that "monster IPOs" create for the market. And? Well, chart speaks for itself... 40% for largest IPOs, probably close to 50% for what is coming.

RT @jturek18: Once the hyperscalers went FCF -ve, the search for capital was on. Started in credit, moved to eq and now we're seeing the sellers of shortage invest back into the buyers of shortage (NVDA into META). The system is fighting to keep the lane of capital access as open as possible.

"...soon you'll be hearing announcements about new reactors being constructed. So yes. The nuclear renaissance is real Brian. It's happening" - Wright on CNBC US Energy Secretary Hints at New Nuclear Reactors Coming Soon By Bryan Pietsch (Bloomberg) -- US Energy Secretary Chris Wright says “soon you’ll be hearing announcements about new reactors being constructed.”  Wright speaks on CNBC Wright doesn’t elaborate on the coming announcements NOTE: US Offers Constellation $5 Billion Financing to Spur Nuclear

België en @ENGIE_energie zijn erin geslaagd de kerncentrales Doel IV en Tihange III in een half jaar volledig te reviseren, alle veiligheidsprocedures te doorlopen en weer op te starten. Terwijl sluiting gepland was. Dat is een applausje waard, vindt u niet? #grafiekvandedag

RT @HayekAndKeynes: The first big AI creative destruction casualty ***Getty images files for bankruptcy***

RT @pineconemacro: “The people caught in labor’s shrinking share of GDP don’t need a graph on X, they’ve been living the line for years.”

Some Thoughts from the Road.

RT @gave_vincent: I caught up on Friday with my friend and business partner Anatole @kaletsky for our weekly Gavekal zoominar. We were supposed to discuss how sustainable the AI capex spending boom would prove to be in the face of rapidly rising corporate bond yields? But given the headlines on France, on the Middle-East and on the growing likelihood of a peace deal between Russia and Ukraine, we struggled to stay on track… I asked the @gavekal editors to remove the locks on the podcast…

RT @NickTimiraos: Thursday's 10-year Treasury yield decline of 0.193 percentage point (to 4.952%) is the largest single day yield decline since March 10, 2023, which is the day Silicon Valley Bank failed.

RT @energybants: Proud to announce what we've been working on: Prosperity One. Site control on 4 thousand acres of extraordinary land. It includes ultra high voltage transmission, rail, and the mighty Ohio River, and a welcoming county, making for one of the best places for nuclear on earth.

Announcing Prosperity One: a proposed 6.6 gigawatt nuclear campus in Lewis County, Kentucky

RT @parrmenidies: APPLE is now inversely correlated to the NDX for the 1x in history. Chart below is correlation between Apple and the NDX (rolling, 2-months) ..

RT @spotgamma: Only 9 days had a bigger VIX move relative to the -1.1% SPX move weird.

SPX vol really woke up here, suggesting hedges coming in. This is day over day change in 1-month skew

RT @dampedspring: The pain trade continues to be long calls and or long puts

RT @johnarnold: In early 2010s, oil prices were high and rising. Excitement around shale oil was high and prospects for refining seemed poor. Investors and bankers pressured integrated oil companies to divest their refinery units bc they were capital-intensive, cyclical, lower-return assets. Marathon (2011) and Conoco (2012) did so, spinning out their refinery units into newly publicly traded companies. Here's total shareholder return since the spin outs: Marathon Oil (producer): +40% Marathon Petroleum (refiner): +3,210% ConocoPhillips (producer): +286% Phillips 66 (refiner): +1,272% Interestingly Conoco bought Marathon Oil in 2024. One conclusion might be that the separation worked, as refining no longer competed with upstream for capital and management was wholly focused on the sector. Another conclusion may be that when investors are clamoring for a company to spin off a chronically underperforming division, if often signals the bottom and that division is the better investment going forward.

RT @spotgamma: The S&P 500 rose 1.1% this week. Semis (SMH) fell 4.4%. The equal-weight S&P (RSP) rose 1.6%. That's why S&P 1-month implied correlation closed Friday at 6.93, lower than 99% of days since 2006.

RT @nntaleb: Capitalism works if and only if all members see themselves as "pre-rich" or "feasibly-rich-if-they-wanted-it-badly-enough". Remove that and the system collapses.

Price controls?

🔴 Trump to issue directive to US officials that seeks to control the cost of diesel - Three industry sources

RT @UnoMasReactor: Secretary Wright: “We have significant lending authority at the loan program office … By far the biggest use of those dollars will be for nuclear power plants — to get those first plants built.” The nuclear manufacturing and supply chain is just getting started 🤘

The #nuclear news keeps flowing. Big week.

RT @quakes99: 🚨#Nuclear fuel consultants TradeTech rarely issue press releases📰 unless the market needs to be informed of a significant event❗such as "Long-Term #Uranium Price Remains at Historical High of $97.00 for Four Consecutive Months"💲🌋🤠🐂 "Activity in the long-term uranium market has held steady during the third quarter of 2026, with industry consultant TradeTech’s monthly Long-Term Uranium Price Indicator remaining at US$97.00 per pound of uranium oxide (#U3O8) through the months of June, July, August and September—an increase of $13.00 over September 30, 2025 benchmark."📈💲🛢️☢️ 😊 "The September 30 Long-Term Uranium Price Indicator is the highest price level in more than 18 years, based on recent transactions and outstanding offers."🎆😲 “Presently, several utilities are actively seeking U3O8, with deliveries beginning as early as 2027 and extending into the late 2030s. Unfolding market and policy developments continue to reinforce the view of sellers that demand is outstripping currently available supply in the near term and will continue to do so," said TradeTech President Treva Klingbiel🗜️⚛️⛽🛒🤠🐂 #UraniumSqueeze 🌊🏄

RT @Uranium2035: At $BWXT's investor day, CEO Rex Geveden pointed out that between the 1970s and the 1990s the world built about 600 large reactors, and that many are still running today. Nuclear's weakness is well known: building a plant and financing it is enormously expensive. By his numbers, fuel for 1 GW of gas costs about $400M a year. For 1 GW of nuclear, about $60M. He also said gas turbines are getting more expensive, with delivery times of 5 to 6 years. We all know that the huge near-term demand from data centers will be met with natural gas, since it is the fastest way to respond. But in the long run that is unsustainable🧐 His message has a logic to it: nuclear is a high fixed cost, low operating cost asset, and gas is the opposite. For a patient investor the economics tilt toward nuclear, and by his rough estimate, doubling the life of an existing reactor costs about 30 cents on the dollar compared with building a new one. Note: BWXT sells nuclear components, so his thesis is obviously self-interested, but I still find it interesting.

RT @BurggrabenH: Belgium restored nuclear power output Belgium’s two remaining nuclear reactors are back online, restoring 2GW of reliable power after months shut down. Under Bart De Wever, the government has also scrapped the nuclear phase-out law and lifted the ban on new reactors. Concrete action to reverse the damage inflicted by energy-illiterate fools. Germany threw away more than 20GW of nuclear capacity under Merkel, enough to supply roughly 30% of its electricity. Not just IMHO, 8GW can still be recovered at minimum cost and in short order. Merz must halt dismantling and launch a serious programme to restore capacity - asap. Removed equipment can be replaced. Political paralysis is a choice. That’s the difference between De Wever’s pragmatism and Merz’s catastrophic inability to correct past energy mistakes quickly and decisively, even with a highly capable Katherina Reiche as energy minister. Well done, @Bart_DeWever and team. @_FriedrichMerz @BMWE_