To The Moon

Cathie Wood, on June 26, sold some of her few $NVIDIA Corp(NVDA)$ positions in the fund $ARK Autonomous Technology & Robotics ETF(ARKQ)$ , weighting fell to 2.31% from 2.59%.

Many of you may still be wondering, didn't she sell long ago? And stepped out of this Nvidia AI wave intact?

Yes, she zai started to reduce her holdings heavily in mid 2023, and the more NVDA went up the more she reduced it, but didn't completely liquidate her position, and still has some in each of the ARKQ and $ARK Next Generation Internation ETF(ARKW)$ funds, with very low weightings already. Meanwhile, the position is still being reduced so far this year.

NVIDIA's volatility has intensified recently, but the market's trading focus has also begun to shift, and NVDA has been rarely seen among the heavily traded outlier stocks, meaning that

1. Option positions are now more stable

2. Drawdown in options open positions held

Instead, new highs in $Amazon.com(AMZN)$ and $Tesla Motors(TSLA)$ which is coming out of a months-long box trend. /a> Instead, it gained more attention.

TSLA's 190+ PUT is seeing a lot of closings, and if Thursday's and Friday's sessions continue to move up, that has the potential to break 220 in one fell swoop.