Before Nvidia's violent rally on Tuesday, there was a very interesting phenomenon: extreme out-of-the-money call options expiring this week were heavily bought.
By observing the usual daily opening situation, I found that the opening of out-of-the-money options this week was very unusual, and some extreme out-of-the-money options opened very high: $NVDA 20240315 1870.0 CALL$ $NVDA 20240315 1890.0 CALL$ $NVDA 20240315 1920.0 CALL$ $NVDA 20240315 1910.0 CALL$ $
Checked the opening time point, it was about 10 o 'clock, just before the V-word pulled back to the opening price, the violence pulled up:
However, I don't think these out-of-the-money options are simply bullish, and I guess they have some other function. It is still normal to put open positions.
The previous TQQQ institutions sell call large single $TQQQ 20240419 70.0 CALL$ , flat half, it seems that because Nvidia's callback strength is not as expected, so the first flat half to save life.
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