To The Moon

$Tesla Motors(TSLA)$

Not sure where this Tesla rally tops out, but institutions are making big bets: 7,000 contracts of the $TSLA 20260320 355.0 PUT$  were sold, with a notional value of over $30 million. This is a strong vote of confidence that $TSLA$ will hold above $355$ through March 2026.

With such bullish sentiment, as usual, there’s also a lineup of sell calls being opened—always gives the sense we could see $400$ tested soon. In this setup, selling puts at the $355$ strike looks like the more attractive play.

$Oracle(ORCL)$

Bulls see $ORCL$ above $330$ before October, while bears are looking for a pullback below $300$, with some even targeting as low as $260$.

Big bearish flow: 10,000 contracts of the $ORCL 20251003 295.0 PUT$  bought (over $6 million notional). A drop to $260$ seems less likely, but in the next two weeks, a test of $290$ is possible.

$NVIDIA(NVDA)$

Institutions are selling the $182.5$ call and hedging with a buy at the $190$ call. Expect more range-bound action in $170–180$ through next week.

Next week is triple witching ($9/19$), and there’s strong incentive to pin $NVDA$ at $170$ to maximize open interest. If not for Oracle’s earnings boost, $160$ would also have been in play for next week’s close.

$Alibaba(BABA)$

Alibaba jumped $8%$ after announcing its self-developed training chip. The pop is in, but the stock isn’t giving back gains.

Option flow shows significant call closures, but new calls were promptly opened—implied target is $160$. Not much bearish flow, so shorts aren’t pressing; expect consolidation at highs. For a conservative long, sell puts with strikes below $150$.

$Coinbase Global, Inc.(COIN)$

Coinbase is in a strong uptrend off the bottom—ideal for selling puts. Strikes at $300–310$ are actionable ($COIN 20250919 300.0 PUT$ ).

Institutions are selling calls in the $332.5–335$ zone. If you want to sell calls, you can wait for a further rally.

$SPDR S&P 500 ETF Trust(SPY)$

There’s notable large call buying in VIX: 30,000 contracts of the $VIX 20260218 60.0 CALL$  traded for $1.8 million, and 7,400 contracts of the $VIX 20251119 26.0 CALL$  for over $1 million. Could just be opportunistic buys on a dip.

But looking at $SPY$ option flow, there’s no real sign of excessive bearishness. The march towards $660$ continues.

$Opendoor Technologies Inc(OPEN)$

Open interest data shows that after Thursday’s $79%$ spike, longer-dated calls have been closed out in stages. The new open interest is mostly in near-term expiries, suggesting the explosive move is done for now.

OPEN’s business model is creative—using a parabolic move as a marketing tool. The stock spikes, grabs headlines, and visibility soars.

Expect a pullback to $8$.