Markets moved higher Wednesday, rebounding from previous losses in a somewhat puzzling fashion. While the upside movement in equities, gold and Bitcoin appeared consistent with a bounce-back pattern, the substantial rise in bonds raised questions about potential Supreme Court impact on tariff policies.

Jermal Chandler discussed several position adjustments made after yesterday's market decline, including rolling options in URA, Microsoft, Palantir, Boeing and Netflix. These adjustments primarily involved extending calendar spreads to gain more time for positions to work.

Chandler also initiated a new Euro put spread (116-113) targeting the 112 level, reflecting his bullish dollar outlook. Additionally, he executed an "open heart butterfly" SPX trade collecting $1.40 in premium with a defined max loss of $860, designed to profit from sideways or moderately higher market movement.