To The Moon

The market experienced its worst week in the past half year, except for the $Apple(AAPL)$ that rebounded last week, and the revalued $Alphabet(GOOGL)$ can barely support the market.

Most other individual stocks have basically collapsed.

Among the big tech stocks that fell the most in the past week is $Meta Platforms, Inc.(META)$ but options activity indicates further actions by some large investors.

As many tech stocks' IV Percentage has now returned to over 80%, it implies that the market is worried about further volatility.

Sellers are hoping for higher IV, which might match the current trading conditions.

In particular, the Call in June 2026 for META has seen extremely unusual volume, with a strike price of 1030, 106% higher than the current price.

Such extremely out-of-the-money trades are generally dominated by buyers, and the trading volume has reached 95263 contracts. Even if we consider the open interest of 95451 contracts, the contract value has also reached 9.8 billion dollars.

Only top institutional big shots or executive-level individuals are likely to be involved in such large transactions. Do you think META will double in the next two years?

Additionally, the Call for $Tesla Motors(TSLA)$ this week at $177.5 has also increased by 4 times in open interest.

These doomsday-like trades, which are not too far out-of-the-money, instead suggest a lack of confidence in the company continuing to rise.

Considering Tesla's recent actions, it seems that there is no possibility of a rebound before the earnings report; of course, market sentiment is also not favorable for Tesla earnings.