OptionsDelta
12-05

$NVIDIA Corp(NVDA)$

As I mentioned yesterday, institutions have closed their positions and exited again, closing 141-150 and rolling to next week below 148, hedging at 157.5

Sell $NVDA 20241213 148.0 CALL$ 

Buy $NVDA 20241213 157.5 CALL$ 

The worst case is this one - they just rolled yesterday and it went up today, forcing them to cut losses and roll again. They chose a lower strike price than the previous one, opening by selling 145 call and buying 150 call:

Sell $NVDA 20241213 145.0 CALL$ 

Buy $NVDA 20241213 150.0 CALL$ 

The upward momentum might slow down after shorts close their positions - worth watching.

$SUPER MICRO COMPUTER INC(SMCI)$

Tuesday's large call option buy orders look suspicious.

Buy $SMCI 20241213 54.0 CALL$ , transaction amount $1.69 million

Not a floor trade, wasn't done by professional traders. Expiration is next week, strike price is super out-of-the-money at delta 0.16. This kind of large order either comes from a fool or from insider information.

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Comments

  • KSR
    12-05
    KSR
    👍
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