I did not expect the Nvidia 1000 Armageddon to come so soon, and the options movement shows that all parties are starting to gamble.
The long term, of course, is good. Stocks can hold on regardless of the pullback. Last night's big option order was leap otm call $NVDA 20261218 1230.0 CALL$ $NVDA 20261218 1760.0 CALL$ .
The key is the short-term view. First of all, there is a big sell order of 4,000 lots in the call of 1000 next week, because there are too many open positions to see whether it is open to sell or close the position, but no matter which side can show that there is definitely a callback near 1000, so the short term ran first.
Yesterday, 10 minutes before the close, someone bought 2,000 lots of doomsday bearish $NVDA 20240308 900.0 PUT$ , with a total turnover of 950,000. It's a 1,000 bet that the showdown isn't on Friday. But at the same time next week $NVDA 20240315 1010.0 CALL$ open 3400 large order, so the comprehensive assessment is to sell the PUT option due next week the most stable $NVDA 20240315 900.0 put $, while buying a 1000 0DTE call anyway just 0.7.
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- KSR·03-10👍LikeReport