Why did the call option close out? Aren't tech stocks up?

There were two events in March that reversed financial markets. Not non-farm and CPI, but the cascading effects of Silicon Valley bank failures and Chatgpt-4.

The former affects the liquidity of the capital market, while the latter is a technological revolution that reverses the valuation of the AI industry at a stroke. From a value investing perspective, I think the latter is more far-reaching.

Anyway, after these two things happened, I really want to see if those big orders are still holding positions.

In the article "Show the cards! Market trends prior to March 24:bearish!", Apple, Google and Amazon all closed their sell calls due on March 24th; The sell call of Tesla's 210 strike price has not been closed, and is now making a steady profit; And the last mentioned AMD call with a 100 strike price, which may actually be headed for 100.

Google Amazon closing position is actually better to understand. Google is a Chatgpt sector stock; I mentioned earlier that Amazon's range is between 92 and 97, so it's okay to close out a rally. So does Apple's sell call close also mean it's bullish?

And then yesterday, there was this big order, options expire next week, and the total turnover was about $4 million:

Maybe a single $4 million put doesn't mean much, but I found another $5 million closing order yesterday:

Maybe the closing of the call options didn't mean much, and then I went back to the big sell put I had recommended and it looked like it had closed too:

I'm reminded of the boss quote from the movie margin call:

Be first, be smarter or cheat 

These guys really can be the first to closed their positions.

So should Apple go short? I think there's a short opportunity. It can be seen that large orders are avoiding risks, and the risks of the banking sector are not transmitted to the technology sector at all, which I think is not quite logical.

But I think buying next week is still too aggressive. Of course someone who bought over $4 million knows better than I do.

Other large orders are as follows:

Although he put the option expiration date in January, he was clearly playing the near-term. As long as you have a hedge, you don't feel bad about shorting.

I don't know much about the wrestling entertainment company. But you can't be too uncomfortable with hedging, right

shop is bearish. But the bearish view from the expiration date seems less confident.

# Options Hub

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.

Report

Comment69

  • Top
  • Latest
  • Dollydolly
    ·2023-03-17
    TOP
    Maybe there's insider information for $4 million guy..haha
    Reply
    Report
    Fold Replies
    • wyin08
      kk
      2023-03-17
      Reply
      Report
  • Gloria112
    ·2023-03-17
    TOP
    Good sharing. Keep up. Always happy to see those 'smart' tradings...
    Reply
    Report
  • 211013能量飞车
    ·2023-03-17
    TOP
    市场看涨看跌谁说了算
    Reply
    Report
  • Trevelyan
    ·2023-03-17
    banking risks will finally impact on tech sector
    Reply
    Report
  • CynthiaVogt
    ·2023-03-17
    looking forward to more gpt-4 related trading
    Reply
    Report
  • icycrystal
    ·2023-03-17
    thanks for sharing
    Reply
    Report
  • Chyros
    ·2023-03-18

    Great ariticle, would you like to share it?

    Reply
    Report
  • Chaishen
    ·2023-03-18
    Thanks for shar ing
    Reply
    Report
  • 古菜不是菜
    ·2023-03-19
    Ok
    Reply
    Report
  • maxcheng
    ·2023-03-19
    ok
    Reply
    Report
  • Great
    Reply
    Report
  • ATSLA
    ·2023-03-19
    👍
    Reply
    Report
  • LimCI
    ·2023-03-18
    👍
    Reply
    Report
  • aunteenat
    ·2023-03-18

    Interesting 

    Reply
    Report
  • 建稳的朋友
    ·2023-03-18
    🙏🙏
    Reply
    Report
  • szueyann
    ·2023-03-18
    ok
    Reply
    Report
  • Gaamy
    ·2023-03-18

    Noted 

    Reply
    Report
  • ThangCT
    ·2023-03-18
    Ok
    Reply
    Report
  • sfleong1
    ·2023-03-18
    like
    Reply
    Report
  • eeth
    ·2023-03-18
    👍👍
    Reply
    Report