To The Moon

$Tesla (TSLA)$ Waking up to see the stock price today left me dumbfounded - I thought we were targeting $260 for next week? How did it get there in a single day?No issue being wrong on my prediction, ramps like this are music to bullish ears. I mainly feel for the funds who sold those $262.5 calls as part of a covered call position and got blown through. Based on Thursday's trend, it seems highly unlikely Tesla stays below $262 next week.To be fair, the $262.5 strike wasn't an unreasonable one for institutions to sell - it represented a major long-term resistance level. Even if tagged, a pullback was likely to ensue eventually.But Musk hasn't been playing by conventional rules lately. $260 was the target? He just mashed the accelerator and blew ri

$Tesla (TSLA)$Following earnings, institutions rolled their Tesla covered call positions higher:Sell $TSLA 20241101 262.5 CALL$ Buy $TSLA 20241101 282.5 CALL$ Given Tesla's history of volatile moves, I conservatively sold the $250 calls last week against my stock holdings - matching the short call strike of the institutional covered call trade as a hedge. This cautious approach paid off as shares pushed through $250.But now with stock potentially being called away, what's the best course for next week's positioning?Based on the new $262.5/$282.5 call spread, dealers seem to be pricing a likely move to $260 for

$Nvidia (NVDA)$The pullback to the $140 area is nothing major, just a normal retracement.There was even a notable covered call roll into higher strikes: $NVDA 20241220 170.0 CALL$ Since this $170 call trade printed as a "sell", it's another case of differing interpretations.Looking at this trader's prior roll from October's $135 strikes to November $155 calls, I'm inclined to view this latest trade as maintaining their spread strategy by closing the $155 calls and rolling up to the $170 strikes for December expiration.Of course, if you interpret it as an outright $170 call sale, that's fine too - just be sure to hold stock against any short call positions.The pullback does prese

$Nvidia (NVDA)$On Monday, call option opening volumes for Nvidia significantly outpaced put volumes across the board.Ranked by open interest:The $150 calls expiring this week had 157,400 contracts outstanding, with 31,000 new openings on Monday.The $142 calls expiring this week had 130,000 contracts open, with 4,569 new openings.The $148 calls expiring this week had 113,800 contracts open, with 13,800 new openings.The $145 calls expiring this week had 71,700 contracts open, with 22,600 new openings.The $140 calls, now in-the-money, saw open interest decline to 59,200 contracts as 12,000 contracts were closed out - likely due to the ramp above $140 leaving sellers defensively closing.This dynamic has me considering selling $140 puts (

An overview of institutional covered call rolls for the new week:$Nvidia (NVDA)$Sell $NVDA 20241025 142.0 CALL$ Buy $NVDA 20241025 148.0 CALL$ Institutions closed out the $138 and $145 strikes while opening the $142 and $148 calls. The higher strikes signal continued bullish sentiment on Nvidia this week.However, there are three call strikes with over 100,000 contracts of open interest expiring this week: $142, $148, and $150. Plus $140 still has 71,000 open after last week's rally attempt.So while a push through $142 seems manageable, capping gains below that strike like last week could prove challenging for

$Nvidia (NVDA)$Based on Thursday's options flows, it's clear that Taiwan Semiconductor's earnings had a more pronounced impact on expectations for $Nvidia (NVDA)$.Call opening volumes were staggering, reflecting fairly bullish sentiment that could extend into year-end.Two key trades stood out: a bullish call spread and outright call selling:Buy $NVDA 20241220 180.0 CALL$ , total volume 98,500 contractsSell $NVDA 20241220 190.0 CALL$ , total volume 92,900 contractsAndSell $NVDA 20250117 170.0 CALL$ ,

Last week, we discussed a mysterious trader who systematically sweeps up large call option positions in $Nvidia (NVDA)$, with trade sizes and premium outlays that are massive - often taking over 20 minutes to get filled. This trading style is uncharacteristic of typical institutional flows, so we've dubbed him the "Sweep Guy."On Wednesday, the Sweep Guy was back at it again:$NVDA 20241025 150.0 CALL$ These $150 calls expire next week (10/25). He traded a whopping 104,800 contracts, with 84,000 in new opening volume. The orders were worked from 12:54pm to 1:23pm, a lengthy 30-minute window.Based on trade prici

The short answer: ASML's decline doesn't seem to be impacting Nvidia, at least based on current options positioning.$Nvidia (NVDA)$In theory, ASML's sell-off should spark further pullback in Nvidia, but options flows suggest otherwise.On Tuesday, both call and put openings were fairly normal - no aggressive lower strikes on the upside, nor any gapping put openings from outright bears.Key institutional flows included:The "Billion Dollar Man" rolling his $NVDA 20241220 125.0 CALL$  position higherAn unknown institution rolling their $NVDA 20241220 130.0 CALL$  upAnother spread trade in

$Nvidia (NVDA)$ASML pre-announced disappointing Q3 results, with orders down 50%, sending semiconductor stocks tumbling. However, ASML's CEO noted: "Other end markets will take longer to recover, while AI continues to show strong development and upside potential."Nvidia dropped 5%, which is fairly contained considering the recent run-up. The key upcoming catalyst is Taiwan Semi's earnings guidance on the 17th.In a surprise move ahead of earnings, the "Million Dollar Man" decided to roll his position higher, keeping the same December expiry but rolling the $110 calls ($NVDA 20241220 110.0 CALL$ ) up to the $125 strikes (

As earnings season kicks off, players are making their bets.Last week, we discussed the wealthy retail trader who went massively long Nvidia calls. On the very same day, an institution opened a huge upside position in the $S&P 500 ETF ($SPY)$:$SPY 20241220 615.0 CALL$  - 100,000 contracts traded for $32.5 million in premium.For context, index options see more muted moves compared to single stocks, so large flows typically involve spreads and hedges rather than outright directional bets.An outright 100,000 contract call purchase of this magnitude is quite unusual.And the block-size confirms this as an institutional order rather than a retail trade.Friends, I won't mince words - the driver has his foot on the accelerato