The Seller's Christmas Rally

$NVDA$

Expected to trade within the $170–185 range this week. After breaking above $180 on positive news, $185 will likely remain a tough resistance. Consider selling calls: $NVDA 20251226 187.5 CALL$ . A pullback to $175 is possible; consider selling puts on the dip: $NVDA 20251226 170.0 PUT$ .

There's market chatter that NVDA is currently "cheap." Cheap it may be, but the persistent put openings still seem to harbor hopes of a drop to $160, suggesting ongoing consolidation and position-clearing.

$TSLA$

Given Tesla's price action and Musk's known tendencies around holidays, I suspect a push to $500 on the 24th or 26th, followed by a pullback—with the 24th being more likely. Consider selling calls after a potential spike to $500 on the 24th (e.g., the 520 call).

For now, selling an out-of-the-money put on any dip is viable: $TSLA 20251226 460.0 PUT$ .

$SPY$

A very narrow range is expected this week, between 680–695. Some extreme hedging may occur intra-week, but given the festive season, bears are unlikely to stir unnecessary trouble—everyone's on holiday.

$MU$

A move to $300 this week is improbable. Consider selling puts: $MU 20251226 250.0 PUT$ .

$CRWV$

Following Friday's surge, a large sell call block emerged: $CRWV 20260116 100.0 CALL$  with 20,000 contracts opened. Breaking above $100 before mid-January looks difficult.

$85 is a resistance level, but the two large call blocks remain open $CRWV 20260130 85.0 CALL$  $CRWV 20260320 100.0 CALL$ , suggesting further upside potential—i.e., a move from $85 to somewhere below $100.

However, given the past behavior of these bullish blocks, they might not close even if signs of a pullback appear. Treat this as a supplementary indicator. The $85–100 range doesn't seem ideal for aggressive chasing.

Other tech stocks are also expected to have very narrow ranges this week. Selling puts, selling calls, or strangles are all possible. The downside of this setup is low IV, making unrealized losses from adverse price moves more perceptible. The "feel" for trading these isn't as good as with TSLA or NVDA.

• $GOOGL$: Range $300–320. Consider selling puts: $GOOGL 20251226 297.5 PUT$ 

• $AAPL$: Range $270–280. Consider selling puts: $AAPL 20251226 265.0 PUT$ 

• $AMD$: Range $200–220. Consider selling puts: $AMD 20251226 200.0 PUT$ 

• $META$: Range $660–680. Consider selling puts: $META 20251226 645.0 PUT$