To The Moon

Market highlights:

The latest data showed that the United States unseasonally adjusted CPI annual rate of 3.2 percent in July, the first acceleration since June 2022, but below market expectations of 3.3 percent, compared with the previous value of 3 percent. The seasonally adjusted CPI rate recorded 0.2% in July, unchanged from the previous month and in line with market expectations. The unseasonally adjusted core CPI annual rate came in at 4.7%, below expectations and the previous reading of 4.80%, the lowest since October 2021.

J.p. Morgan chief strategist Marko Kolanovic wrote in a new note that PE looks too high as central banks in the U.S. and Europe are unlikely to turn in the near term. Advising investors to reduce their equity holdings: "Current valuations suggest that investors expect continued economic expansion or 'no-landing' and monetary policy easing." "But the 65 per cent chance of a recession this year or next, and the 35 per cent chance of a soft landing, suggest underweighting equities and credit and overweighting cash and commodities."

Geoff Dailey, an analyst at BNP Paribas, said the break in the recent rally in U.S. stocks does not mean the end of the bull market, but rather provides a good time to buy. He said that the outlook for the stock market remains optimistic, however, from the trend since the beginning of June, there may be a period of consolidation ahead.

NVDA fell 4.7 percent on Wednesday, but the Financial Times (FT), citing multiple people familiar with the matter, reported that giants such as Baidu, Tencent and Alibaba are stockpiling high-efficiency chips crucial to building generative artificial intelligence (gen AI), about 100,000 A800 processor chips, with a total order value of $5 billion. Delivery is scheduled for this year.

Large options orders suggest that Nvidia shares are depressed this week, or below 432.5 $NVDA 20230811 432.5 CALL$ . But at the same time, there are also large option orders optimistic about the future. $NVDA 20230915 535.0 CALL$

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Option buyer open position (Single leg)

Highlight order:

TOP T/O: $NVDA 20230811 475.0 PUT$ $TSLA 20230811 290.0 PUT$

TOP Vol: $PFE 20230915 42.5 PUT$ $RIOT 20230811 16.0 PUT$

Note: This image data is from Tiger PC. This screening is a significant buy open position for options contracts in the market. The purchase of a call option means that the trader believes that the underlying has upward momentum, and the purchase of a put option means that the trader believes that the underlying has downward momentum. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.

Option seller open position (Single leg)

Highlight order:

TOP T/O: $C 20230818 50.0 PUT$ $NVDA 20230811 485.0 PUT$

TOP Vol: $C 20230818 50.0 PUT$ $AGNC 20230908 9.5 PUT$ $BMBL 20231020 12.5 PUT$

Note: This image data is from Tiger PC. This screen is a significant sell open position for an option contract in the market. A sell of a call option means that the trader believes that the underlying trend has peaked, and a sell of a put option means that the trader believes that the underlying trend has bottomed. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.

Options portfolio open position

Note: This image data is from Tiger PC. This screening is a significant portfolio of options contracts in the market. Portfolio opening includes a variety of underlying trends, requiring traders to further master the basic knowledge of options for analysis and judgment.