Options Spy | Earnings slump! RIVN is seeing a lot of sell call options!

On Friday, Nvidia's market value briefly broke through $2 trillion for the first time, becoming the first company in the history of the semiconductor industry to reach this threshold. AI frenzy, US stocks win a winning week.

The possibility of an interest rate cut in the United States has also returned to the market. The Fed holds its next FOMC monetary policy meeting on March 19 and 20, and with strong growth and inflation yet to slow toward the Fed's 2 percent target, several Fed officials have stressed that a rate cut is coming, but not anytime soon.

Wall Street firms such as Goldman Sachs, UBS and Morgan Stanley widely expect the Fed to start cutting rates in June. CME's FedWatch tool shows traders are pricing in a 53 percent chance of a June rate cut.

$Rivian Automotive, Inc.(RIVN) reported revenue of $4.434 billion in 2023, up 167% from $1.658 billion in the same period last year. Gross loss was $2.03 billion, compared with a gross loss of $3.123 billion a year ago. And the company announced it was cutting 10% of its workforce because of economic uncertainty. Rivian shares plunged 25.6 percent after the earnings release. Option transactions show heavy selling of call options with a strike price of 10 expiring on March 28 $RIVN 20240328 10.0 CALL$ 

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FANNG option active

$Apple(AAPL)$ sell put options $AAPL 20241018 180.0 PUT$ 

$Microsoft(MSFT)$ buy call options $MSFT 20260618 410.0 CALL$ 

Option buyer open position (Single leg)

Buy TOP T/O:

$SMCI 20240308 895.0 CALL$  $MSFT 20260618 410.0 CALL$ 

Buy TOP Vol:

$ARRY 20240315 15.0 CALL$  $HAL 20240328 31.0 PUT$ 

Option seller open position (Single leg)

Sell TOP T/O:

$CVNA 20240315 65.0 CALL$  $COIN 20240301 177.5 CALL$ 

Sell TOP Vol:

$DTM 20240419 60.0 CALL$  $FTI 20240419 19.0 PUT$ 

Note: This image data is from Tiger PC. This screen is a significant sell open position for an option contract in the market. A sell of a call option means that the trader believes that the underlying trend has peaked, and a sell of a put option means that the trader believes that the underlying trend has bottomed. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.

Options portfolio open position

Note: This image data is from Tiger PC. This screening is a significant portfolio of options contracts in the market. Portfolio opening includes a variety of underlying trends, requiring traders to further master the basic knowledge of options for analysis and judgment.