To The Moon

$NVIDIA(NVDA)$ The April rebound high is unlikely to exceed the February peak.On Tuesday, the most active bullish options contract was the 145 call: $NVDA 20250417 145.0 CALL$ . A total of 48,000 contracts were opened, with the direction being a sell.The most active bearish options contract was the 117 put: $NVDA 20250417 117.0 PUT$ . A total of 5,630 contracts were opened, with the direction being a buy. However, this isn't pure bearish sentiment—it’s more of a hedging strategy for holding shares while anticipating downside risk.A snapshot of large trades shows that the 48,000-contract volume for the 145 call

$NVIDIA(NVDA)$ "Same as before, just at a different time."Last Monday, NVIDIA opened higher and rallied, with institutions aggressively selling $110 puts to collect premiums. Yesterday, another Monday, institutions continued the same play, selling this week’s $115 puts:$NVDA 20250328 115.0 PUT$ Open Interest: 39,500 contracts.In theory, simply following this trade works fine. For those concerned about a pullback today, you could opt for next week’s expiration instead.For the more cautious traders, you can continue selling $110 puts. Each week, this could net you about $50 per contract until April 17—or alternatively, you could directly sell:

A slight miscalculation.The original idea last week was for the market to decline this week, then rebound next week after tariffs were finalized. It seemed like a solid plan. But if everyone expects a shakeout, why not just rally right away? That’s also a form of shakeout.Of course, Monday's rally could still mimic last week’s pattern, where the market climbed early in the week but then fell back in subsequent days. That’s a common strategy. However, if there’s a pullback, it will likely only last for about a week. With earnings season fast approaching, what else can happen?Chinese stocks might experience a sideways consolidation, followed by a sudden drop and then a rebound. This scenario warrants continued observation. $NVIDIA(NVDA)$ The sudden

Not a moment wasted mourning the triple witching day, as large April put orders on Chinese stocks have already hit the market!I initially wanted to reflect on the triple witching day, but considering it’s been thoroughly discussed over the past three weeks, there’s little left to add. If open interest on monthly options becomes too heavy, the market tends to adjust ahead of time, with everything settling on expiration day itself.There are always noteworthy developments to watch during the week, such as how the clear targets of triple witching day attract excessive arbitrageurs, causing certain strike prices to skyrocket. While arbitrageurs often focus on out-of-the-money options, their activity can still lead to some market volatility.The April Show: Chinese Stocks Under PressureThe highli

$NVIDIA(NVDA)$ Let’s continue discussing Duan Yongping’s covered call strategy. This strategy is absolutely brilliant. There were a lot of points in yesterday’s article that weren’t fully explained.Market Expectations for Next WeekNext week’s market expectations are similar to this week. Reciprocal tariffs will take effect on April 2, followed by the start of earnings season. This means the market is likely to continue fluctuating next week, just as it has this week.However, unlike the past two weeks, bearish forces will have limited influence, and the volatility will be more straightforward. It won’t be worse than last week.Institutions are selling calls at $122 and $123 while hedging with long calls at $130 and $132. Next week’s strategy and str

$NVIDIA(NVDA)$ Have you all seen Duan Yongping’s latest move? To summarize, the bad news is that NVIDIA’s expected price ceiling and floor have both been lowered; the good news is that the volatility range has become clearer, making it easier to profit from the swings.Let’s analyze this trade in detail, take a look at NVIDIA’s forecast for this year, and discuss the corresponding strategies.Leveraging the Shoulders of GiantsOn March 19, renowned Chinese entrepreneur and investor Duan Yongping posted an update saying, “Bought NVIDIA at 92.5, but the delivery will be delayed by a year,” accompanied by a screenshot of the options transaction.Let’s break down this options trade. First, the transaction occurred at 12:07 PM on March 18. Using Tiger Brok

Never thought this week the "shearing party" (option sellers) and market makers would end up in a direct showdown. $NVIDIA(NVDA)$ The options open interest data made me laugh out loud. On Monday, the "shearing party" had their fun by selling $110 puts expiring this week $NVDA 20250321 110.0 PUT$ , with 90,000 contracts opened, mostly by sellers.As shown in the data, the trading volume was concentrated at the market open. After all, the time value of near-expiry options is tight, and the earlier you sell, the sooner you lock in profits.However, don’t be surprised if the stock dips over the next two days—this is often the effect of heavy put-selling. Also, it’s likely that the mark

This week seems packed with events, from GTC to FOMC, but the real market moves have already happened in the past two weeks. What’s left are minor rebounds and pullbacks within a range this week. $NVIDIA(NVDA)$ It’s the final battle week of the triple witching period, but I don’t think even the GTC conference will drive NVIDIA’s price up significantly. This is because capital’s attention is on the application layer—they want to see breakthroughs in AI applications. In the current state, no matter how much hardware improves, it’s unlikely to stimulate further capital expenditure.Institutions are well-prepared, selling $128 calls and $126 calls to hedge against $138 and $136 calls.There’s one rather peculiar combo trade: buying $120 calls

$NVIDIA(NVDA)$ The most impressive large orders this week were two last-minute sell puts.The first was a $90 sell put $NVDA 20250314 90.0 PUT$  opened on Tuesday with 100,000 contracts.The second was a $110 sell put $NVDA 20250314 110.0 PUT$  opened on Thursday with approximately 40,000 contracts.The intraday chart shows that the $NVDA 20250314 110.0 PUT$  was sold near the opening low point, demonstrating remarkable precision.Institutions adjusted their strategies for next week by rolling positions:Sell call at $124, buy call at $134.Sell call

$NVIDIA(NVDA)$ I didn’t expect to profit from the triple witching day.Originally, I thought there wasn’t much to analyze, and next week’s volatility seemed pretty predictable. However, the newly opened position for the $130 call $NVDA 20250321 130.0 CALL$  on Wednesday is quite interesting—it’s mostly from sellers.It’s known that on triple witching days, the value of major options is highly likely to go to zero, so we can confidently and boldly follow this trade by selling the $130 call $NVDA 20250321 130.0 CALL$  expiring next week, which offers an annualized return of 21%.The $130 call expiring on March 28 w