Positive Catalyst Priced In, Market Pulls Back
Market cap surpasses $5 trillion, NVIDIA enters a new consolidation range of $200-$220.
Institutions rolled positions on Wednesday, selling the 215 call $NVDA 20251031 215.0 CALL$ and buying the 220 call $NVDA 20251031 220.0 CALL$ .
For selling puts, consider strikes below 200, e.g., $NVDA 20251031 200.0 PUT$ .
Continues to consolidate between $450-$500. For selling puts, consider $TSLA 20251031 430.0 PUT$ .
With negotiations concluded and the positive news digested, the market is pulling back and consolidating in the $670-$690 range. However, further upside is expected subsequently.
$Advanced Micro Devices, Inc.(AMD)$
Likely to continue consolidating between $252.5-$267.5 ahead of earnings. Current expectations suggest earnings might not necessarily trigger a rally; the positive catalyst could potentially be reserved for the Analyst Day on the 10th. For selling puts, consider the 260 strike $AMD 20251031 260.0 PUT$ .
Disclosed layoff news ahead of earnings to signal cost-cutting efforts to the market, indicating reduced spending on GPU procurement through workforce reduction. The market remains fairly optimistic about this earnings report. The bullish price target range from longs is $255-$285, exemplified by the Dec expiry call spread: Buy $AMZN 20251219 255.0 CALL$ , Sell $AMZN 20251219 285.0 CALL$ .
On the put side, the largest open interest build is in selling the 210 put $AMZN 20251031 210.0 PUT$ , indicating significant caution.
Showing strong confidence ahead of earnings, executing a long call roll before the report: from the 290 call $AAPL 20260116 290.0 CALL$ to the 310 call $AAPL 20260116 310.0 CALL$ .
Continues to oscillate repeatedly between $7-$8. Open interest remains highly concentrated; still favor selling the 7 put.
Large block roll ahead of earnings, keeping the expiry same but intentionally rolling to a higher strike: Closing the 280 call $GOOGL 20260116 380.0 CALL$ and rolling to open the 305 call $GOOGL 20260116 305.0 CALL$ .
Pre-market, announced a bond issuance, stock down ~10%. This presents a good opportunity to sell puts, e.g., $META 20251031 650.0 PUT$ .
Large blocks started buying the $CRWV 20260220 140.0 CALL$ 陆续 after 2:30 PM on Wednesday, totaling 15,000 contracts opened.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- AuntieAaA·10-31GoodLikeReport
- Brando741319·10-31GoodLikeReport
