Checked the 300k contract VIX 35 call position $VIX 20260318 35.0 CALL$ , it's still open, suggesting the correction is not yet over.
$NVDA$
Next week continues the search for a bottom. A large bearish order opened: the weekly expiry 157.5 put $NVDA 20260213 157.5 PUT$ , with 60,000 contracts for a total notional of over $6 million.
Therefore, tonight's rally is more suitable for selling calls. Consider strikes above 190: $NVDA 20260213 190.0 CALL$
I noticed institutions opened a 177.5–182.5 call spread for next week $NVDA 20260213 177.5 CALL$ $NVDA 20260213 182.5 CALL$ . It remains to be seen if they will roll this after tonight's squeeze.
(Screenshot of volume for the 157.5 put $NVDA 20260213 157.5 PUT$ would be inserted here).
$AMZN$
The 200 put has significant open interest support and aligns with the 120-week moving average, marking a bottom area. However, a further probe towards 190 next week cannot be ruled out.
$GOOGL$
The current market stance is essentially waiting for Google to slip up—for example, if its AI products underperform or fail to further close the gap with GPT. If no missteps occur, the stock will likely consolidate above 300. A mistake could trigger an immediate drop below 300.
$PLTR$
Worth considering for a dip-buy, but likely needs another week of decline.
Large order rolled: from the March 20th 160 call $PLTR 20260320 160.0 CALL$ to the May 15th 150 call $PLTR 20260515 150.0 CALL$ .
$ORCL$
Similar to NVIDIA, there's a large weekly expiry bearish order: $ORCL 20260213 125.0 PUT$ , with remarkably similar trade characteristics. Also expected to continue correcting next week.
$TSM$
TSMC also saw a roll, albeit conservative—the strike was raised from 290 to 300 $TSM 20260515 300.0 CALL$ . The valuation repair process is expected from Q1 into Q2. View the upside cautiously.
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