To The Moon

On the 22 May 2024 interview with Yahoo Finance, $NVIDIA Corp(NVDA)$ CEO Mr Jensen Huang offered strong praise for $Tesla Motors(TSLA)$ advancements in self-driving technology, even as other automakers ramp up their own autonomous driving efforts. To paraphrase - "Tesla is far ahead in self-driving cars," Huang remarked, acknowledging Tesla's significant head start in the field. (see below) However, he also supplemented that autonomous capabilities will eventually become standard in all vehicles. Huang's comments is pivotal for Tesla, as the company faces: Scrutiny. Increasing competition. …relating to its Full Self-Driving (FSD) technology that has just been rebranded to underscore “the need for driver s

Investors turned defensive as worries over the Fed's rate path timing and magnitude pushed Treasury yields higher, pressuring large-cap stocks.Options flows showed SPY at an inflection point, with either a 9.4% rally priced in by July expiry or a 5.6% drop expected by August. QQQ had at least 0.7% further upside priced in by June 14. For small-caps, upside appeared capped with expectations for IWM's rally staying below 5.1% by mid-June.Details:The S&P 500 ETF (SPY) saw open call interest rise 1.4% over the past 5 days. Open put contracts increased 1.2% over the same period.For call options, investors bought the most $SPY 20240719 580.0 CALL$ with a 580 strike, adding 46,000 contracts. This implies around 9.4% further

TL;DR: The $2 billion trader is likely not simply bullish, but rather engaged in an institutional options betting duel. However, their breakeven target prices have been surprisingly reasonable, worth considering as a reference.Although it's been just two trading days since last Friday, May 24th, Nvidia's stock (NVDA) has surged an impressive 7.55%.The $2 billion trader's first roll was executed at $1,047, while the second all-in roll occurred $100 higher at $1,147, just two days later.Due to Nvidia's short-term explosive rally, this roll was conducted in three steps, unlike previous ones:Tuesday, May 28th at $1,131 - Closed out 7,700 contracts, leaving 30,000 openWednesday, May 29th at $1,136 - Closed out 5,000 contracts, leaving 25,000 openWednesday, May 29th at $1,146 - Rolled the remain

TL;DR: The $2 billion trader is likely not simply bullish, but rather engaged in an institutional options betting duel. However, their breakeven target prices have been surprisingly reasonable, worth considering as a reference.Although it's been just two trading days since last Friday, May 24th, Nvidia's stock (NVDA) has surged an impressive 7.55%.The $2 billion trader's first roll was executed at $1,047, while the second all-in roll occurred $100 higher at $1,147, just two days later.Due to Nvidia's short-term explosive rally, this roll was conducted in three steps, unlike previous ones:Tuesday, May 28th at $1,131 - Closed out 7,700 contracts, leaving 30,000 openWednesday, May 29th at $1,136 - Closed out 5,000 contracts, leaving 25,000 openWednesday, May 29th at $1,146 - Rolled the remain