RJ Hamster
Oil traders got a rude Monday wake-up call
THE DAILY BULLETIN
MONDAY · MAY 11, 2026
Oil traders got a rude Mondaywake-up call.
Brent crude jumped as much as 3.5%to $104.80 a barrel and WTI pushed near $99 after President Trump torched Iran’s latest peace offer on social media, calling it “totally unacceptable” and dragging the fragile ceasefire back into question.
The Strait of Hormuz — the world’s most important oil chokepoint — has been effectively shut since the war kicked off in late February. The IEA is calling it the biggest supply shock in history, and Wall Street is no longer betting on a quick fix. A Goldman Sachs survey out last week showed most respondents expect Hormuz flows to stay impaired past June.
Oil markets don’t normalize until 2027 if Hormuz stays choked.
— AMIN NASSER, CEO, SAUDI ARAMCO
The numbers behind the move tell the story: more than 4,000 Brent July contracts traded in the first five minutes of the session, versus a recent average under 1,000.
Tehran reportedly offered to ship some enriched uranium to a third country but balked at dismantling its nuclear sites. Iran denied the report. Meanwhile a drone briefly set a cargo ship ablaze off Qatar over the weekend, and Netanyahu told 60 Minutes the war is“not over.”
So, Wall Street will have to buckle up for a long ride.
OPTIONS FLOW · CLOSING-BELL MOMENTUM
The bell rang. The buying didn’t stop. Mostly in chips.
SOURCE: TRADEALGO · CAPTURED AT THE CLOSE
WHAT YOU’RE LOOKING AT
These are the contracts that were still attracting heavy call buying right up to the closing tick — no fade, no profit-taking into the bell. When conviction holds that late in the session, it often spills into the next morning’s open, which is why we flag these as names worth keeping an eye on today.
01
QCOM$215 Call
+327%
VOL/OI7.69
POWER30%
IV RANK100
AI SCORE61
02
AMD$500 Call
+304%
VOL/OI2.19
POWER92%
IV RANK71
AI SCORE63
03
MU$750 Call
+195%
VOL/OI2.56
POWER80%
IV RANK82
AI SCORE52
04
SMCI$38 Call
+173%
VOL/OI2.15
POWER93%
IV RANK47
AI SCORE49
05
AAPL$295 Call
+152%
VOL/OI2.45
POWER81%
IV RANK21
AI SCORE53
The read: Four of the top five most-active calls are semis — QCOM, AMD, MU, and SMCI — with AAPL the only non-chip name. AMD and SMCI both posted Power readings above 90%, with the heaviest conviction. QCOM’s Power sits at just 30% despite the highest return — directional speculation, not institutional weight.View full options flow →
⚡ WEEK AHEAD · MAY 11–15
The week, mapped.
Every catalyst on the calendar between now and Friday — economic prints, earnings, and the geopolitical event the desk is watching.
GEOPOLITICALPresident Trump is scheduled to meet with President Xi Jinping in China on May 14–15.The meeting straddles Thursday and Friday’s data drops.
ECONOMIC CALENDAR
Monday
MAY 11
Existing Home Sales
Tuesday
MAY 12
Consumer Price Index (CPI) ·Treasury Budget
Wednesday
MAY 13
Producer Price Index (PPI) ·EIA Crude Oil Inventories·MBA Mortgage Applications
Thursday
MAY 14
Retail Sales ·Initial & Continuing Claims·Import & Export Prices·Business Inventories· EIA Natural Gas
Friday
MAY 15
Industrial Production ·Capacity Utilization·Empire State Manufacturing
EARNINGS THIS WEEK
Monday
MAY 11
CEGCRCLSPGACMASTSBFIGRFOXAICLRMOSOVVPBR
Tuesday
MAY 12
JDSEOKLOONONARMKCAEECFNVKRMNNXTPAGSQVG
Wednesday
MAY 13
BABACSCONBISBIRKCELCDTKEPTAKTSEMUSAR
Thursday
MAY 14
AMATFIGNUNTESBNBLSHDDSBAPBEKEVIK
Friday
MAY 15
XPEVALMSAVBPFLOHTHTRBCRLX
OPTIONS FLOW · LARGE CAP VOLUME
Where the biggest dollars went today.
SOURCE: TRADEALGO
Bullish Volume
TICKERDAILY TRADESDAILY VOLUME
RKLB395,798$3.24B
DELL96,817$1.38B
MRNA88,020$477.33M
HUBS50,836$471.41M
HUM28,578$383.28M
GEN47,937$148.45M
Bearish Volume
TICKERDAILY TRADESDAILY VOLUME
NET134,511$1.71B
MSI30,528$496.19M
NTRA22,219$454.22M
INSM38,220$405.77M
MTD12,048$245.99M
GMED28,771$215.24M
The read: RKLB dwarfed everything else on the bullish side with $3.24B in daily volume — nearly double the second-place name. On the bearish ledger, NETtook the top slot at $1.71B, with cloud and med-tech names rounding out the list.Open the dashboard →
NEWS FEATUREAI & IPOS
What bubble? Cerebras hikes IPO range as orders pile up 20x.
Anyone calling the top on AI hasn’t seen the Cerebras order book.
CBRSNVDAAMZNIPO · MAY 13
20x oversubscribed — and they keep raising the price
The Sunnyvale chipmaker is set to bump its IPO price range to$150–$160 a share — up from $115–$125 — and lift the share count to 30 million from 28 million, per Reuters sources. At the top end, that’s roughly $4.8 billion in proceeds, up from $3.5 billion.
Bloomberg had reported the new range would land at $125–$135. Cerebras blew past that too. The driver: orders for more than 20 times the available shares.
The deal would be the biggest IPO globally this year, per Dealogic. Cerebras builds chips optimized for AI inference — the part where models answer your questions, not the trainingNvidia has owned for years. That distinction matters more by the day as AI labs shift spending from building models to running them at scale.Amazon and OpenAI are now customers.
Pricing lands May 13, with shares trading on Nasdaq under“CBRS.” Morgan Stanley, Citi, Barclays, and UBS are leading.
THE TAKEAWAY
The AI trade, apparently, still has gas. Watch Wednesday’s pricing.
WHAT’S IN THIS EDITION
- Lead — Oil traders got a rude Monday wake-up call
- Options Flow — Retail led, smart money followed, both are in chips
- Week Ahead — Calendar, catalysts, and earnings for May 11–15
- Large Cap Flow — RKLB tops the bull side, NET leads the bears
- News Feature — Cerebras hikes IPO range as orders pile up 20x
INSIDE THE PLATFORM
- Live options dashboard
- Dark pool activity feed
- A.I. sentiment scoring
- Options Academy with Dane Glisek
- Daytrade live chat with Brian
Disclaimer. This bulletin is provided for educational and informational purposes only and is not investment advice, a solicitation, or an offer to buy or sell any security. TradeAlgo does not act as a fiduciary or investment advisor. Trading options involves substantial risk and is not suitable for every investor. Past performance is not indicative of future results. Names, prices, and analytics referenced reflect data as of the time of publication and may have changed. Always do your own research and consult a licensed professional before making any investment decision. © 2026 TradeAlgo. All rights reserved.
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