OptionsDelta
03-13

Before Nvidia's violent rally on Tuesday, there was a very interesting phenomenon: extreme out-of-the-money call options expiring this week were heavily bought.

By observing the usual daily opening situation, I found that the opening of out-of-the-money options this week was very unusual, and some extreme out-of-the-money options opened very high: $NVDA 20240315 1870.0 CALL$ $NVDA 20240315 1890.0 CALL$ $NVDA 20240315 1920.0 CALL$ $NVDA 20240315 1910.0 CALL$ $

Checked the opening time point, it was about 10 o 'clock, just before the V-word pulled back to the opening price, the violence pulled up:

However, I don't think these out-of-the-money options are simply bullish, and I guess they have some other function. It is still normal to put open positions.

The previous TQQQ institutions sell call large single $TQQQ 20240419 70.0 CALL$ , flat half, it seems that because Nvidia's callback strength is not as expected, so the first flat half to save life.

Quad Witching Coming! Pick 0DTE Options?
The first Quadruple witching day of 2024 is on its way - this Friday! On this day, 4 kinds of derivatives will expire. Heavy trading volume makes the market highly volatile compared to normal days. Zero-day expiration (0DTE) options, also known as same-day expiration options, are options contracts that expire on the same day they are traded. This concept has been expanded: options expiring that week can also be counted as 0DTE. ---------------- Would you choose 0DTE options as Quad witching day is around the corner?
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