$CrowdStrike Holdings, Inc.(CRWD)$ - How severe is this incident? There is no updated open interest data in the market currently. The available data is only from Wednesday. It's safe to assume the OCC system is still down and brokers cannot retrieve the latest information.
It's a relief the markets can still open normally today, but with July 19th option expiration, traders are essentially operating blind without full data visibility.
I was planning to further analyze the rationale behind the NVDA 100 put buying, but that will have to wait until next week.
Time for the usual weekly roll:
$Apple(AAPL)$
Sell $AAPL 20240726 235.0 CALL$
Sell $AAPL 20240726 215.0 PUT$
$NVIDIA Corp(NVDA)$
Sell $NVDA 20240726 130.0 CALL$
Buy $NVDA 20240726 105.0 PUT$
After reviewing prices, I've decided the protective collar approach of buying weekly puts and selling calls is more capital efficient. The put leg doesn't represent a directional view or profit target, purely a risk hedge.
$Tesla Motors(TSLA)$ has earnings next week but it doesn't impact my prior range forecast.
Sell $TSLA 20240726 275.0 CALL$
Roll last week's TSLA 20240726 245 Put down to the 220 Strike$TSLA 20240726 220.0 PUT$
I've chosen the 220 put as a relatively conservative hedge given the lack of overall positioning data for next week.
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