The call flow for $NVIDIA Corp(NVDA)$ short term is foreshadowing a MASSIVE move to the upside…tens of millions of dollars worth of bets saying NVDA pops before end of week
If that’s the case expect the crypto AI narrative to go for its next leg up too.
If $NVIDIA Corp(NVDA)$ holds 935 it can run to 971, 1000. I'd avoid calls under 900. Calls can work above 935 this week
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I see that wallstreetbets is talking about $NVIDIA Corp(NVDA)$ , Nvidia $800 calls for expiring this Thursday.
Let's take a look, these are ITM calls. It seems WSB should start using UW to track this stuff better:
You can see the $1.57 million in calls was lots of volume, but it was actually not even the most amount of volume on $NVDA on Friday!
In fact, it wasn't the top twenty chains even! Net premiums elevated high for $NVIDIA Corp(NVDA)$ at close, exploding in the final thirty minutes, however.
That was dominated by $NVIDIA Corp(NVDA)$ $950 and $1000 calls 03/28/2024. For reference however, the flow for these chains are super mixed, with people closing and opening new positions as the markets move. Each of the 950-1000 calls had over 50,000 of volume on Friday, dominating the $800 calls by 5x!
If you look at the $800 calls for Thursday, you'll see a lot of the trade is opening, which is good, but it is a multilegged trade, paired with numerous other trades, like the $805 calls.
UW helps with following options and complex trades like this in a sophisticated way. We are the most sophisticated platform. You'd be able to analyze not only the above, but whether gamma was falling at this level, accelerating, how charm, vanna, VEX, DEX was affecting the underlying, as well as what the historical volatility is, AND MORE!
In fact, you could even create custom alerts on the $800 calls themselves, allowing you to track the chain easily and efficiently.
unusual_whales
Source:https://twitter.com/unusual_whales/status/1772020447993032924
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