$NVDA$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

$CRWV$Insider block buying continues with 23,000 contracts opened, pushing total open interest to 100,000 contracts $CRWV 20260320 100.0 CALL$ . News-wise, CRWV has been selected for the US Department of Energy's "Project Genesis" to support national-level AI research. The block buying preceded the news.Another stock with massive block opening is APLD, with 65,300 contracts of the 2028 8 call $APLD 20280121 8.0 CALL$  traded, with a total premium value of $119 million.$ORCL$The news of TikTok landing on Oracle has relieved the market, easing concerns about who would pick up the cloud services pieces if OpenAI were to collapse.The bullish expectation is f

$BABA-W(09988)$ Key News:Guosen Securities maintains a "Buy" rating on Alibaba, optimistic about the commercialization prospects of its AI large models in e-commerce, cloud services, and other sectors.Options Analysis:Current Implied Volatility (IV) is at historical extremes (low), indicating expectations for very stable prices. Option volume suggests cautious sentiment with institutional hedging.This Week (Dec 19): Expected narrow range: HKD 142–148.Next Week (Dec 24): Range may expand slightly to HKD 140–150.Key Support: HKD 140–142 – HKD 140 is the maximum Put OI support; HKD 142 is the lower bound this week.Key Resistance: HKD 148–150 – HKD 148 is the upper limit this week; HKD 150 is next week's Call resistance.Strategy Idea: Sell Call Sprea

$MU$Despite Micron's strong earnings and disciplined capital expenditure, the core issue remains: capital still believes AI monetization can't keep up with the burn rate and is beginning to exit revenue-less projects, curbing overheated market sentiment.The impact of $OWL$ withdrawing support for $ORCL$ project financing is significant. For a $10B project to be abandoned just like that, the investors must have seen something.Coupled with the fact that $FRMI$ lost a major client last week, causing its stock to halve, even the least sensitive observer should sense that something is amiss.So, while Micron claims its future performance will continue to be AI-driven, whether that driving force will accelerate expansion or stagnate and contract is anyone's guess.However, Micron's 2026 capacity i

$TSLA$This week's 500 call has an open interest of 110k contracts, meaning Tesla will likely struggle to break above $500 this week. While this initially seemed ideal for selling calls, a massive block trade caught my eye: $TSLA 20260220 600.0 CALL$  – 10,000 contracts of the Feb 600 call traded, with a total premium of ~$11.34 million.While the exact catalyst is unknown, looking at Tesla's call flow, the mid-term 520 call $TSLA 20260130 520.0 CALL$  saw 9,704 contracts opened, mostly on the buy side.While $600 is uncertain, there's a strong probability Tesla reaches $500 by Christmas. For a conservative approach, consider selling the put:

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$VIX$The broader market is pulling back as expected, with new short positions continuously joining the sell-off. For instance, on Monday, the VIX February 2026 24 call $VIX 20260218 24.0 CALL$  saw 52,000 contracts traded, indicating a bullish directional bet.You can add this to your watchlist—once this position starts unwinding, it might be a good time to consider establishing long positions.$SPY$Monday’s options flow showed concentrated opening of out-of-the-money puts at the 630 strike, significantly raising the likelihood of a pullback toward 640.$SPY 20251219 632.0 PUT$  $SPY 20251120 635.0 PU

$NVIDIA(NVDA)$ NVIDIA reports earnings this week. Analyst reports give favorable expectations, and the valuation looks attractive, but the options opening activity is extremely poor.Long-time followers of my articles should find this put opening activity familiar. It's the same pattern we saw during the sharp plunge in March and April this year, where cliff-like strike prices topped the opening rankings.Unlike Tesla, NVIDIA rarely sees extreme, lottery-ticket style shorting openings due to its stable valuation. When such openings do appear, it generally signals that risk appetite is likely increasing, and the overall market is tilting towards a risk-off stance, which could correspond with a sharp spike in the VIX.Put openings can roughly be divide

$SPDR S&P 500 ETF Trust(SPY)$ At the start of the week, many large bearish orders were observed targeting around 650, and newly opened large bearish orders yesterday also support this view. If it drops near 650, follow if large orders start buying the dip.The primary bearish spread opened is: Buy 660put $SPY 20251231 660.0 PUT$ , Sell 635put $SPY 20251231 635.0 PUT$ , targeting SPY falling below 660 but above 635 by year-end.There's disagreement around 640. Bearish orders include buying the 639put $SPY 20251219 639.0 PUT$ . Bullish orders inclu

Reports today indicate that Michael Burry, "The Big Short," deregistered his hedge fund, Scion Asset Management, earlier this week. Before deregistration, the fund's assets under management reached $155 million.He also clarified what his short positions consisted of: 50,000 contracts of $PLTR 20270115 50.0 PUT$  and 10,000 contracts of $NVDA 20271217 110.0 PUT$ .In theory, after deregistering a hedge fund, capital is returned to investors, and short positions should be closed. The open interest data seems to confirm this.Looking at the PLTR open interest leaderboard, the $PLTR 20270115 50.0 PUT$&n

$NVIDIA(NVDA)$ The logic of upward resistance continues, with more institutions joining the ranks of those lowering expectations.It's not that AI is truly failing, but the current bearish sentiment suits Wall Street's intention to shake out weak hands – a flush-out for a healthier market.At this stage, it's unclear what December holds, but the November rally seems unlikely to materialize.Notable NVDA long call roll: The Nov 21st 205 call $NVDA 20251121 205.0 CALL$  was rolled to the Jan 16th 195 call $NVDA 20260116 195.0 CALL$ , opening 34k contracts.Why is this notable? Long calls are typically rolled once a

$NVIDIA(NVDA)$ We're back in a macro pressure phase. Unsurprisingly, after the US government reopens, it will have to face a bunch of dismal employment and inflation data.Theoretically, NVIDIA should be the easiest stock to navigate in the current phase, but a bearish Sword of Damocles hangs over its head.Michael Burry plans to release more details about the overvaluation of AI-related companies on November 25th, timed after NVIDIA's earnings report, aiming to combine with weak macro data to deliver another blow to the market.However, the systemic willingness to short NVIDIA isn't very strong at the moment. The top ranked bearish opening trade is a halving/slash large short block $NVDA 20

A violent rebound on Friday, followed by a sharp short-squeeze surge on Monday – last week's series of coincidences led to a pullback.However, institutions aren't viewing this pullback very positively. Significant sell call block trades have emerged for some stocks, with expiration dates at year-end. The strike prices suggest high volatility is expected from now until year-end:$AAPL 20251219 305.0 CALL$ $SPY 20260116 700.0 CALL$ $C 20251219 115.0 CALL$ $GOOGL 20251219 335.0 CALL$ 

This article covers options for the following underlying assets: NVDA, AMD, MU, TSLA, AAPL, AMZN, META, PLTR, CRCL$NVIDIA Corp.(NVDA)$Key News:Citigroup raised its price target on NVDA from $210 to $220. The FactSet analyst average price target is $233.59, maintaining a "Buy" rating.Options Analysis:The market anticipates significant price movement ahead of earnings (IV 56%). Overall sentiment is bullish, but caution is warranted against pullback risks.Short-term (until 11/14): Expected to fluctuate between $180 - $195.Medium-term (until 11/21): The trading range widens to $175 - $200.Key Support: $180. This is a strong support level, coinciding with the 50-day moving average and options defense.Key Resistance: $200. This is a psychological barrie

$SPDR S&P 500 ETF Trust(SPY)$ Gotta say, Michael Burry's timing for this short is actually somewhat impressive. He specifically filed two weeks early to hit this exact window – he's got both timing and conditions on his side. This was also discussed in previous articles.Barring any surprises, the current pullback is expected to reach the previous low around 650, with a smaller probability of hitting 640. This drop would be enough for him to break even, but turning a profit might still be tough.On Thursday, someone opened 17,000 contracts of the 650 put expiring on the 12th $SPY 20251112 650.0 PUT$ . Half of this position was closed around 9:43 AM ET today (Friday), already full

Tickers Involved: NVDA, AMD, TSLA, AAPL, AMZN, META, PLTR, HOOD, CRCL$NVDA$Key News:NVIDIA partners with RedCloud on a $280 million Saudi trade project, using NVIDIA tech to optimize the AI platform.Jensen Huang revises previous statement that "China will dominate the AI race," emphasizing the US-China tech gap is merely "nanoseconds."Collaboration with Deutsche Telekom on a €1 billion data center project involving 10,000 GPUs.Options Analysis:Market Sentiment: Elevated Implied Volatility (IV 54.5%)预示着 significant price swings. Overall bias leans bullish, but large funds are actively hedging downside risk.Short-term (til 11/14): Expected range-bound action between $180 - $195.Near-term (til 11/21): Range likely expands to $175 - $205.Key Support: $180. A historical bounce level and dense P