The time to sell puts has arrived.

$NVIDIA Corp(NVDA)$ caught me off guard. I saw the stock price take off yesterday and thought it was just Dell carrying it higher, not a big deal. Today someone reminded me NVDA has earnings next week - I had the report date wrongly marked as the 31st. Time to sell some at-the-money options to take a breather, like the $NVDA 20240524 950 PUT$ . The $NVDL 20240524 43 PUT$  is also an option.

Not sure if it rallies through earnings, but the run-up into the print is likely underway, along with other semis like AMD, SMCI, TSM etc. Strategies can include buying stock or selling puts. Not seeing major OTM call buying, so I wouldn't recommend going too aggressive.

For $Tesla Motors(TSLA)$ , the 180 and 185 calls saw massive opening interest yesterday of 15k and 26k contracts respectively. But given the intraday activity, it may struggle to push higher, with those likely dead by Friday's expiration.

$Apple(AAPL)$ remains a beast. The largest put sell flows were the $AAPL 20240517 187.5 PUT$  and $AAPL 20240628 185 PUT$ , implying the stock holds above $185.