@OptionsDelta:
Nvidia's earnings performance was largely in-line with expectations. The lack of a bigger rally is a bit of a disappointment, but even if it had spiked to $135, a pullback was inevitable.However, the more concerning aspect is that without Nvidia leading the charge, the broader market likely won't make new highs ahead of next week's nonfarm payrolls release. The traders who sold $SPY$ 570 calls probably dodged a bullet there.On Wednesday, institutions preemptively rolled their covered call positions in tech names - an unusually early adjustment compared to the typical Thursday/Friday roll execution. This likely signals Wednesday was the near-term top for equities.Furthermore, the strike selections on these rolls were taken down a notch. $Tesla (TSLA)$<