When will Nvidia overtake Apple in market value? At least for the next month
After two days of declines, the uptrend of the market came to the halftime, and then some institutions got scared and began to roll positions:
Close $MSFT 20240419 395.0 CALL$
roll $MSFT 20240517 405.0 CALL$
More than 8,000 lots, more than 15 million, option expiration extended from April to May. Indicates that bulls are planning a sideways move of at least two weeks. At this time to sell put better, but the trader obviously reluctant to opportunity cost, after all, after the report is a month of sideways, it is difficult to say that before the April report will not suddenly pull a wave.
The expiration date of the 200 million brother position $NVDA 20240517 720.0 CALL$ option is May, and it is still in the price, so there will be no change. Tuesday's pullback was more about defining the ceiling and giving sellers more leverage. Yesterday's most interesting big order is sell call $NVDA 20240517 1000.0 CALL$ , the total volume of more than 9,000 hands, do not have to wait until May, two weeks to profit. The most open call price on March 15 is 1000, and the open put option is mainly concentrated in 500 600, so there is a high probability that Nvidia will also move sideways for two weeks.
Market value catch-up can be one-way, can also be two-way, if Nvidia stock price does not rise, then Apple can fall. From yesterday's large single transaction, Apple's recent upward momentum is also insufficient, $AAPL 20240419 185.0 CALL$ has a large number of sell orders, but at the same time, the long-term sell put also began to layout: $AAPL 20240621 140.0 PUT$ $AAPL 20241018 170.0 PUT$ . A recent rise in space is limited, a recent fall to the end, the outcome of the two is estimated to stalemate until the April earnings season.
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