Going into Monday’s open I plan to add a large at-the-money call position in NVDA.

The reasoning is fairly straightforward. After the recent volatility across the tech sector, positioning in many megacap names has become heavily skewed toward downside protection and short-term hedging. When that kind of structure starts to unwind, the move in the opposite direction can be sharper than expected.

For me this isn’t about chasing momentum blindly, but about positioning around a level where the risk/reward makes sense. NVDA remains one of the central names tied to AI infrastructure demand, and despite short-term noise the underlying narrative around compute demand hasn’t materially changed.

The plan is simple: add the position at market open Monday, focusing on ATM calls rather than chasing further out-of-the-money contracts. The goal is to keep exposure closer to the underlying price while maintaining leverage if the stock regains momentum.

As always, this is simply my own positioning and not financial advice. I’ll be watching how price reacts early in the session and will adjust accordingly if conditions change.