To The Moon

U.S. consumer confidence fell less than expected in March, while major U.S. stock indexes closed lower on Tuesday ahead of further comments from Federal Reserve officials and a key inflation report later in the week. Investors tend to be cautious about the short-term outlook for stocks, but also have money to bet on the long-term upside potential of individual stocks such as technology stocks.

• S&p 500 options sentiment turned bearish, with call selling dominating. Investors are also betting on a 1.5 percent decline in the S&P 500 over the next 52 days by buying a portfolio of May far-month puts.

• The Nasdaq 100 options market is showing a similar pattern, with large money buying April puts, which are expected to fall 5 percent in the next 17 days. That reflects cautious optimism about technology stocks.

• PDD, although there is internal staff reduction news, but the market has a large single purchase of 140 yuan call options in October 2024, the transaction amount is as high as $11.5 million, showing that there is money optimistic about the long-term prospects of PDD.

Details:

SPY Options comprehensive assessment shows bearish, with selling call sentiment ranking first. The highest open interest in CALL options is $SPY 20240328 521.0 CALL$ , with a strike price of 521, new open position of 13,700 lots on March 28 expiration; The highest open position of the PUT option is $SPY 20240517 510.0 PUT$ , with a strike price of 510 and a new open position of 20,500 lots expiring on May 17.

Bearish open position list 1 $SPY 20240517 510.0 PUT$ is the buy direction, and list 2 buy to form a combination option $SPY 20240517 500.0 PUT$ . Based on Tuesday's close of 518.81, the S&P 500 is expected to fall 1.5% over the next 52 days.

QQQ end down call options head increment atrophy. PUT options open the highest $QQQ 20240412 420.0 PUT$ , the exercise price of 420, April 12 expiration of new open position 50,700 lots, the total trading direction is biased to buy, at the close of 443.32 calculated that the trader is expected to fall 5% in the next 17 days.

$PDD Holdings Inc(PDD)$ According to the documents disclosed by the United States Securities and Exchange Commission (SEC) on March 27 Eastern time, Zhao Jiazhen, a senior executive of Pindoduo, intends to sell 20,000 shares of common stock on March 27, with a total market value of about $2.402 million. Option Transaction Detection bullish large order buy $PDD 20241018 140.0 CALL$ with a total of 9754 lots traded for a total turnover of $11.5 million.

Option buyer open position (Single leg)

Buy TOP T/O:

$PDD 20241018 140.0 CALL$  $ADBE 20240328 570.0 PUT$ 

Buy TOP Vol:

$PDD 20241018 140.0 CALL$  $AAPL 20240503 175.0 CALL$ 

Option seller open position (Single leg)

Sell TOP T/O:

$AAPL 20240419 195.0 PUT$  $TSM 20260116 180.0 CALL$ 

Sell TOP Vol:

$AVTR 20240419 24.0 PUT$  $CCL 20240405 17.0 CALL$ 

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.