Next week it’s unlikely NVDA will break through 185—expect similar action to this week. Institutions haven’t made big bets on downside for next week, probably because of Jackson Hole on Friday.
There are now bullish option positions betting on 200 and above; theoretically, as long as there’s no black swan event, NVDA could grind its way up to 200.
Bear put spread positions have been opened again at -175+172.5. Expect a stable close in the 175–185 range, probably very close to this week’s Friday close.
Tesla will likely have a hard time breaking above 360 this week. There are no large short positions within a reasonable range, so expect TSLA to keep following its current trend.
If you think tech as a whole is expensive, take a look at Google. Based on the open interest, the upside target is 220, making it a good candidate for selling puts.
CRWV’s earnings are similar to CRCL’s—there are clear signs of heavy-handed trading, so any earnings prediction is really just for fun.
The lockup expires on the 14th; for a safe play, consider selling calls at 165. On a pullback, support is around 110.
Trades: Selling calls $TSLA 20250815 360.0 CALL$ and selling puts $GOOGL 20250815 200.0 PUT$ .
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