To The Moon

$NVIDIA(NVDA)$

The surge past 200 was abrupt. Jensen Huang laid out concrete revenue plans, making it impossible for the market to dismiss it as mere speculation any longer.

Unsurprisingly, this triggered a short squeeze. Institutions hastily rolled their bear call spreads from the 200-207.5 range yesterday. It doesn't appear they continued rolling today.

Expect consolidation between 195 and 220 next. Consider selling puts on dips, like the $NVDA 20251031 195.0 PUT$ .

$Advanced Micro Devices(AMD)$

AMD hitting 300 is now a plausible near-term topic.

However, a covered call position emerged on Tuesday, selling the $AMD 20260618 270.0 CALL$ . This likely reflects some major institutions' view on the semiconductor sector's recent frenzied rally.

The stock is likely to consolidate at high levels barring major news. For selling puts, consider the $AMD 20251031 250.0 PUT$ .

$Nokia Oyj(NOK)$

Nokia's stock surged massively following NVIDIA's announcement of a networking collaboration. However, looking at options open interest, very few call holders closed their positions to cash out after the spike. This indicates continued bullishness for further price appreciation, suggesting the stock should maintain its elevated levels.

While there was significant opening in long-dated 10 calls, this primarily indicates buyer dominance rather than purely bullish large blocks $NOK 20270115 10.0 CALL$  $NOK 20260116 10.0 CALL$  $NOK 20280121 10.0 CALL$ .

Judging from the put opening activity, the stock may still oscillate around the $7 level $NOK 20251121 7.0 PUT$ .