To The Moon

Last week was the fourth week of June. From the overall situation of option transactions, many institutions began to purposefully layout July weekly options. After all, there are big events every week in July: nonfarm in week 1, CPI in Week 2, the start of earnings season in week 3, and FOMC in week 4.

From the perspective of the weekly option opening situation, the institution as a whole tends to be optimistic, of course, the most optimistic is Nvidia:

buy $NVDA 20230630 450.0 CALL$

I thought I was dazzled when I saw this big order. Two million, 10,000 lots. Options expire this week.

The last time I vaguely remember seeing a big option order like this was at Tesla.

$Microsoft(MSFT)$

sell $MSFT 20230714 330.0 CALL$

In contrast, Microsoft's trend is not too optimistic. Options Large order Sell Microsoft call options, strike 330, below the stock price of 334. My preference is for Microsoft to move sideways for the next two weeks.

$Meta Platforms, Inc.(META)$

buy $META 20230714 275.0 CALL$

buy $META 20230804 285.0 CALL$

These are two large orders, and the similarities are the ITM. Embodies cautious bullish. Despite the FOMC and inflation employment data ahead to disturb the market, the agency still chose to follow the K-line trend.

$Amazon.com(AMZN)$

sell $AMZN 20230721 130.0 CALL$

buy $AMZN 20230728 130.0 CALL$

Classic calendar bull strategy.

$Intel(INTC)$

sell $INTC 20230728 30.0 PUT$

buy $INTC 20230728 33.0 CALL$

I don't know why this strategy wasn't included in the options move, but there was a lot of volume. To some extent, it is also a weak support for the skyrocketing view of Nvidia, if Nvidia skyrocketed, it will certainly drive the chip sector up.

GRAB

buy $GRAB 20231020 3.0 CALL$

ZOOM

buy $ZM 20230721 74.0 CALL$

Big bullish orders in growth stocks and small caps are not easy to judge because there is a certain probability that they will fail. I usually use these large small-cap orders as a liquidity indicator.

From this point of view, although the market is in a correction trend, it is still very strong, and it is difficult to say whether it is driven by earnings season expectations.