$SPY$
$SPY$
The key question heading into year-end is whether the market will revisit 650. Recent SPY put flow shows traders actively hedging that scenario through structures such as buy $SPY 20251231 680.0 PUT$ / sell $SPY 20251231 650.0 PUT$ .
$NVDA$
Next week is still likely to trade within the $170–190 band, though volatility may pick up compared to this week. A simple approach is selling the 200C $NVDA 20251219 200.0 CALL$ , or using a January expiry for a wider window.
Put demand also reflects heightened uncertainty going into Christmas — logical, because if $NVDA$ can’t rally, it tends to drift lower. Overall, the broader expected range remains $180–200.
$TSLA$
Institutional flow opened a call spread:
These strikes sit above this week’s $440–460 zone, suggesting continued expectations of upside driven by short covering. For a simpler single-leg approach, the $TSLA 20251212 490.0 CALL$ remains a safer call to sell.
$INTC$
Breaking news: Rumors indicate TSMC may build a chip-packaging facility in Arizona. If true, Intel’s packaging advantage could be diminished, which explains the recent selling pressure.
A large March 50C $INTC 20260320 50.0 CALL$ block was closed and rolled down to the 45C $INTC 20260320 45.0 CALL$ . Near-term, reclaiming $50 will be difficult, though with news-driven names like $INTC$, sharp moves remain possible.
Follow me for more options trading tips [Smile]
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.
