To The Moon

Maybe we should call him 600 million now. At 0:48 on last Friday, Nvidia hit the 1000 breakthrough failed, and when the stock price returned to the opening price, 200 million bro closed a position of 31,500 lots of $NVDA 20240517 720.0 call$, and then rolled 37,700 lots of $NVDA 20240621 820.0 call$ This time 200 million bro left the principal of 150 million, roll 650 million. It is worth noting that the timing of this roll position is the same as the previous earnings report, which is after the failure of the high open breakthrough. This Friday is another four dark day, a large number of options face closing positions and expiration exercise. Open interest in Nvidia call options is much higher than put options. Perhaps surprisingly, the call with the highest open interest has a strike price not of 1,000, but of 500, with 1,000 second and 900 third. The number one strike price for open puts this week is 800, followed by 350 and 500. From the perspective of kill options, the stock price has a high probability of closing between 800 and 900 this week. Due to the sharp fall on Friday, the new put options opened this week are much higher than the bullish position, 860 and 850 put a sudden rise, and the trading situation of tomorrow and the day after tomorrow can further lock the range. The $GraniteShares 2x Long NVDA Daily ETF(NVDL)$ Nvidia 2X Leveraged ETF will split 1 for 6 on the 13th, when it will be cheaper to trade Nvidia. I'm curious about the position composition of this ETF, leveraged ETFs are usually configured with options, perhaps to get a glimpse of the identity of the 200 million brothers, and incidentally to see the exercise price chosen by the institution. What is surprising is the unexpected simplicity of the portfolio: Twice leveraged Nvidia stock. If the trading manager had maintained this style, the bullish losses on the ETF might have been negligible. Not only Nvidia, other chip stocks continue to rise with a high probability, and TSMC's CALL options buy 59,000 lots of $TSM 20240621 140.0 CALL$ . If you think Nvidia transaction costs are too high TSMC is also a good choice. Financial stocks are unusually quiet, Big Mo into the true sideways, sold CALL options 10,000 lots $MS 20240517 92.5 CALL$ , I think the April earnings will be closed. Oil slowly rebounded, the sector trend is consistent, options can be sold double: $CVX 20240621 135.0 PUT$ $CVX 20240621 165.0 CALL$ $XOM 20240517 100.0 PUT$ $XOM 20240517 115.0 CALL$