To The Moon

$Nvidia (NVDA)$ not breaking down through 870 is one thing, but actually breaking down is another matter. Tuesday's open failing to hold triggered a mini downward chain reaction, with NVDA's decision level reaching 850. The safest put selling level ahead of April 19th over the next two weeks has shifted to 800. The recent sideways trading has also impacted longer-dated option positioning - some June/July far-dated calls, especially those with strikes above 1100, have seen closing sales or new sell openings. As for the $200 million guy's 880 calls, as long as the stock price reaches above 1024 by June 21st, he can break even.Current put option open interest over 10,000 contracts ranked:$NV

$Marathon Digital Holdings Inc(MARA)$ Be fearful when others are greedy and be greedy when others are fearful. Mara is worth 5 billions now. Any fund that purchased half of Mara get access to 1.5billion bitcoin and cash. Halving cause price to rise due to supply and demand. But rising price become too expensive to buy. Next halving is 4 years aways. Companies that servived like Mara tend to benefit with rising price, generating bitcoin without buy from open markets and fund get revenue of more than half a billion yearly for the next 4 years. Thoughts. Why not the big sell down if funds and investors are leaving.

$Micron Technology(MU)$ I really hate to say it, but “this time is different” and I expect MU to have a super cycle this time around. Why? As you know, I always look at memories as a commodity and even HBM is no different. As a commodity, the key driver for price, and hence gross margin and operating margin is supply/demand balance. Because of the 3-1 trade in HBM vs DDR, the industry abruptly transitioned from over supply to severe under supply in one year while HBM demand continues to ramp rapidly and DDR demand is recovering. You add to this supply demand imbalance by WFE capex discipline as the suppliers are forced to invest in packaging driven again by HBM requirements. So we are in the beginning of a perfect storm of severe supply demand imbal

$Nvidia (NVDA)$ In fact, it's not just me following the big orders in the market. Other institutions are also watching and acting in line with their peers. When their peers sell, they sell too. Last week, I shared a large sell order for the $NVDA 20240426 950.0 CALL$ that was executed on April 1st. Today, upon checking the closing positions, I found that the 10,000 contract $NVDA 20240621 1200.0 CALL$ long position was also closed out later that day. Subsequently, on April 3rd, there was a large sell order for the $NVDA 20240621 1180.0 CALL$