To The Moon

$KWEB$A relatively rare scenario has emerged: large orders chasing a rally, with a massive temporary addition of long call options, betting KWEB will rise to 40.The main large bullish orders include:$KWEB 20260821 40.0 CALL$ : August 21st expiry 40 calls, 92,000 contracts opened, direction buy, notional value approximately over $23 million.$KWEB 20260320 40.0 CALL$ : March 20th expiry 40 calls, 36,000 contracts opened, direction buy, notional value approximately over $3 million.$KWEB 20260220 37.0 CALL$ : February 20th expiry 37 calls, 9,876 contracts opened, direction buy.100,000 contr

$GOOGL$The past two months have been a consolidation phase. Trading in this environment can be tricky, but seeing this large order might clarify things:Sell Put 310 $GOOGL 20260220 310.0 PUT$ , 9,684 contracts opened.Sell Put 310 $GOOGL 20260206 310.0 PUT$ , 10,000 contracts opened.The message is: don't overcomplicate. Sell puts on dips; don't chase rallies. If you accidentally sell puts at a high level, don't panic and close for a loss immediately. Consider whether you're willing to take assignment—the price might rebound after you do.$NVDA$Institutions' primary bullish spread strategy for shorting is focused on the 192.5–197.5 range

$NVDA$For January, the most reliable sell put strike is undoubtedly still 160. A large block trade opened, selling the January 30th 160 put $NVDA 20260130 160.0 PUT$ , with 36.9k contracts opened.On the call side, the January 16th 190 call $NVDA 20260116 190.0 CALL$  saw 30k contracts added in new opens, leaning towards the sell side, bringing total open interest to 100k contracts. The market message is that it will be difficult for the price to break above 190 before January 16th.However, referencing last January's price action, if the broader market does not correct after the New Year but maintains its current consolidation, given the scale of open in

$SPY$Theoretically, the market should consolidate sideways this week, then correct after positive news from the CES conference is digested.However, a large bearish spread order was opened on SPY: buying the 684 put and selling the 672 put $SPY 20260102 684.0 PUT$  $SPY 20260102 672.0 PUT$ . This implies a potential pullback to around 680 this week.Currently, the source disrupting market rhythm could potentially be precious metals.$SLV$Options activity on the Silver ETF suggests a clear short squeeze scenario. Front-month call options are being closed continuously, while front-month put options are seeing significant additions. However, a squeeze-driven ral

$SPY$It seems just one step away from 7000 points. The market continues its upward consolidation tonight. Based on options opening positions, 7000 points are not tonight's target, but we can hope for next week.Tonight's likely range is between 690 and 695. After rising to 700 next week, a pullback is possible.$NVDA$Institutions are selling the 192.5 call expiring next week $NVDA 20260102 192.5 CALL$  and buying the 197.5 call for hedging/arbitrage $NVDA 20260102 197.5 CALL$ . This suggests the stock price is expected to be below 192.5 next week.Overall long (call) opening data indicates a potential return to around 200 soon, especially with the CES con

$TSLA$Key News:Tesla Model 3 is under investigation by U.S. regulators for emergency door defects, which could lead to recall risks and impact short-term stock price.FSD v14 system passes the physical Turing test, indicating progress in autonomous driving technology.Options Analysis:Current Implied Volatility (IV) is at historically extreme lows, suggesting the market expects very stable price movement. Call option trading is active, indicating positive sentiment.This Week (12/26): Expected to trade within a mild range of $475 - $495.Next Week (1/2): The range may widen slightly to $480 - $500.Key Support: $480. This is a recent technical low and a key defensive line for short-term bulls.Key Resistance: $490 - $495. $490 is a concentration area for call option (CALL) open interest; $495 is

$TSLA$Key News:Analyst Canaccord Genuity raised Tesla's target price to $551 (from $482). FactSet survey shows average rating "Hold," average target $421.59.Stock up 28% since November lows, driven by CEO compensation plan reinstatement and autonomous driving progress.Options Analysis:Current IV is extremely high, indicating expectations for sharp price swings. Sentiment leans bullish, but institutions have hedged at key levels.This Week (Dec 26): Expected high-volatility range: $475–$500.Next Week (Jan 2): Range may expand to $470–$510.Key Support: $480–$485 – $480 is recent technical support; $485 is a massive Put OI zone, forming a key defense line.Key Resistance: $500 – a crucial psychological and historical high, with institutional sell call blocks creating strong resistance.Strategy

$NVDA$For some reason, institutions have modest expectations for NVIDIA's Q1 performance. Long calls were rolled ahead of the CES conference:Closed 50,000 contracts of the Feb 170 call $NVDA 20260220 170.0 CALL$  and rolled into buying 50,000 contracts of the Mar 160 call $NVDA 20260320 160.0 CALL$ .Not only is the strike price lower, but the expiration is also extended. The only plausible reason seems to be a clear market aversion to the supply chain closely tied to OpenAI.The Jan 185 call $NVDA 20260116 185.0 CALL$  saw 45,000 contracts opened, with mixed buy/sell flow.During the s

$NVDA$Expected to trade within the $170–185 range this week. After breaking above $180 on positive news, $185 will likely remain a tough resistance. Consider selling calls: $NVDA 20251226 187.5 CALL$ . A pullback to $175 is possible; consider selling puts on the dip: $NVDA 20251226 170.0 PUT$ .There's market chatter that NVDA is currently "cheap." Cheap it may be, but the persistent put openings still seem to harbor hopes of a drop to $160, suggesting ongoing consolidation and position-clearing.$TSLA$Given Tesla's price action and Musk's known tendencies around holidays, I suspect a push to $500 on the 24th or 26th, followed by a pullback—with the 24th

$CRWV$Insider block buying continues with 23,000 contracts opened, pushing total open interest to 100,000 contracts $CRWV 20260320 100.0 CALL$ . News-wise, CRWV has been selected for the US Department of Energy's "Project Genesis" to support national-level AI research. The block buying preceded the news.Another stock with massive block opening is APLD, with 65,300 contracts of the 2028 8 call $APLD 20280121 8.0 CALL$  traded, with a total premium value of $119 million.$ORCL$The news of TikTok landing on Oracle has relieved the market, easing concerns about who would pick up the cloud services pieces if OpenAI were to collapse.The bullish expectation is f

$BABA-W(09988)$ Key News:Guosen Securities maintains a "Buy" rating on Alibaba, optimistic about the commercialization prospects of its AI large models in e-commerce, cloud services, and other sectors.Options Analysis:Current Implied Volatility (IV) is at historical extremes (low), indicating expectations for very stable prices. Option volume suggests cautious sentiment with institutional hedging.This Week (Dec 19): Expected narrow range: HKD 142–148.Next Week (Dec 24): Range may expand slightly to HKD 140–150.Key Support: HKD 140–142 – HKD 140 is the maximum Put OI support; HKD 142 is the lower bound this week.Key Resistance: HKD 148–150 – HKD 148 is the upper limit this week; HKD 150 is next week's Call resistance.Strategy Idea: Sell Call Sprea

$MU$Despite Micron's strong earnings and disciplined capital expenditure, the core issue remains: capital still believes AI monetization can't keep up with the burn rate and is beginning to exit revenue-less projects, curbing overheated market sentiment.The impact of $OWL$ withdrawing support for $ORCL$ project financing is significant. For a $10B project to be abandoned just like that, the investors must have seen something.Coupled with the fact that $FRMI$ lost a major client last week, causing its stock to halve, even the least sensitive observer should sense that something is amiss.So, while Micron claims its future performance will continue to be AI-driven, whether that driving force will accelerate expansion or stagnate and contract is anyone's guess.However, Micron's 2026 capacity i

$TSLA$This week's 500 call has an open interest of 110k contracts, meaning Tesla will likely struggle to break above $500 this week. While this initially seemed ideal for selling calls, a massive block trade caught my eye: $TSLA 20260220 600.0 CALL$  – 10,000 contracts of the Feb 600 call traded, with a total premium of ~$11.34 million.While the exact catalyst is unknown, looking at Tesla's call flow, the mid-term 520 call $TSLA 20260130 520.0 CALL$  saw 9,704 contracts opened, mostly on the buy side.While $600 is uncertain, there's a strong probability Tesla reaches $500 by Christmas. For a conservative approach, consider selling the put:

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Nvidia is in the spotlight today. It has demonstrated the strong resilience of an AI computing power leader through better-than-expected financial performance, and its stock price rose more than 6% after hours due to impressive earnings results. However, market divisions over the company have never ceased: bears are concerned about valuation bubbles, as its price-to-earnings ratio and price-to-sales ratio are far higher than those of peers. They also worry about intensified competition——competitors like AMD and Intel are ramping up efforts, while tech giants such as Google and Microsoft are also laying out self-developed chips.[Surprised]However, the bull camp remains strong. Top institutions’ holdings have not seen significant reductions, and the market generally recognizes its long-term

$VIX$The broader market is pulling back as expected, with new short positions continuously joining the sell-off. For instance, on Monday, the VIX February 2026 24 call $VIX 20260218 24.0 CALL$  saw 52,000 contracts traded, indicating a bullish directional bet.You can add this to your watchlist—once this position starts unwinding, it might be a good time to consider establishing long positions.$SPY$Monday’s options flow showed concentrated opening of out-of-the-money puts at the 630 strike, significantly raising the likelihood of a pullback toward 640.$SPY 20251219 632.0 PUT$  $SPY 20251120 635.0 PU

$NVIDIA(NVDA)$ NVIDIA reports earnings this week. Analyst reports give favorable expectations, and the valuation looks attractive, but the options opening activity is extremely poor.Long-time followers of my articles should find this put opening activity familiar. It's the same pattern we saw during the sharp plunge in March and April this year, where cliff-like strike prices topped the opening rankings.Unlike Tesla, NVIDIA rarely sees extreme, lottery-ticket style shorting openings due to its stable valuation. When such openings do appear, it generally signals that risk appetite is likely increasing, and the overall market is tilting towards a risk-off stance, which could correspond with a sharp spike in the VIX.Put openings can roughly be divide

$SPDR S&P 500 ETF Trust(SPY)$ At the start of the week, many large bearish orders were observed targeting around 650, and newly opened large bearish orders yesterday also support this view. If it drops near 650, follow if large orders start buying the dip.The primary bearish spread opened is: Buy 660put $SPY 20251231 660.0 PUT$ , Sell 635put $SPY 20251231 635.0 PUT$ , targeting SPY falling below 660 but above 635 by year-end.There's disagreement around 640. Bearish orders include buying the 639put $SPY 20251219 639.0 PUT$ . Bullish orders inclu

Reports today indicate that Michael Burry, "The Big Short," deregistered his hedge fund, Scion Asset Management, earlier this week. Before deregistration, the fund's assets under management reached $155 million.He also clarified what his short positions consisted of: 50,000 contracts of $PLTR 20270115 50.0 PUT$  and 10,000 contracts of $NVDA 20271217 110.0 PUT$ .In theory, after deregistering a hedge fund, capital is returned to investors, and short positions should be closed. The open interest data seems to confirm this.Looking at the PLTR open interest leaderboard, the $PLTR 20270115 50.0 PUT$&n

$KWEB$A relatively rare scenario has emerged: large orders chasing a rally, with a massive temporary addition of long call options, betting KWEB will rise to 40.The main large bullish orders include:$KWEB 20260821 40.0 CALL$ : August 21st expiry 40 calls, 92,000 contracts opened, direction buy, notional value approximately over $23 million.$KWEB 20260320 40.0 CALL$ : March 20th expiry 40 calls, 36,000 contracts opened, direction buy, notional value approximately over $3 million.$KWEB 20260220 37.0 CALL$ : February 20th expiry 37 calls, 9,876 contracts opened, direction buy.100,000 contr

$GOOGL$The past two months have been a consolidation phase. Trading in this environment can be tricky, but seeing this large order might clarify things:Sell Put 310 $GOOGL 20260220 310.0 PUT$ , 9,684 contracts opened.Sell Put 310 $GOOGL 20260206 310.0 PUT$ , 10,000 contracts opened.The message is: don't overcomplicate. Sell puts on dips; don't chase rallies. If you accidentally sell puts at a high level, don't panic and close for a loss immediately. Consider whether you're willing to take assignment—the price might rebound after you do.$NVDA$Institutions' primary bullish spread strategy for shorting is focused on the 192.5–197.5 range

$SPY$Theoretically, the market should consolidate sideways this week, then correct after positive news from the CES conference is digested.However, a large bearish spread order was opened on SPY: buying the 684 put and selling the 672 put $SPY 20260102 684.0 PUT$  $SPY 20260102 672.0 PUT$ . This implies a potential pullback to around 680 this week.Currently, the source disrupting market rhythm could potentially be precious metals.$SLV$Options activity on the Silver ETF suggests a clear short squeeze scenario. Front-month call options are being closed continuously, while front-month put options are seeing significant additions. However, a squeeze-driven ral

$TSLA$Key News:Analyst Canaccord Genuity raised Tesla's target price to $551 (from $482). FactSet survey shows average rating "Hold," average target $421.59.Stock up 28% since November lows, driven by CEO compensation plan reinstatement and autonomous driving progress.Options Analysis:Current IV is extremely high, indicating expectations for sharp price swings. Sentiment leans bullish, but institutions have hedged at key levels.This Week (Dec 26): Expected high-volatility range: $475–$500.Next Week (Jan 2): Range may expand to $470–$510.Key Support: $480–$485 – $480 is recent technical support; $485 is a massive Put OI zone, forming a key defense line.Key Resistance: $500 – a crucial psychological and historical high, with institutional sell call blocks creating strong resistance.Strategy

$NVDA$For January, the most reliable sell put strike is undoubtedly still 160. A large block trade opened, selling the January 30th 160 put $NVDA 20260130 160.0 PUT$ , with 36.9k contracts opened.On the call side, the January 16th 190 call $NVDA 20260116 190.0 CALL$  saw 30k contracts added in new opens, leaning towards the sell side, bringing total open interest to 100k contracts. The market message is that it will be difficult for the price to break above 190 before January 16th.However, referencing last January's price action, if the broader market does not correct after the New Year but maintains its current consolidation, given the scale of open in

$MU$Despite Micron's strong earnings and disciplined capital expenditure, the core issue remains: capital still believes AI monetization can't keep up with the burn rate and is beginning to exit revenue-less projects, curbing overheated market sentiment.The impact of $OWL$ withdrawing support for $ORCL$ project financing is significant. For a $10B project to be abandoned just like that, the investors must have seen something.Coupled with the fact that $FRMI$ lost a major client last week, causing its stock to halve, even the least sensitive observer should sense that something is amiss.So, while Micron claims its future performance will continue to be AI-driven, whether that driving force will accelerate expansion or stagnate and contract is anyone's guess.However, Micron's 2026 capacity i

$TSLA$Key News:Tesla Model 3 is under investigation by U.S. regulators for emergency door defects, which could lead to recall risks and impact short-term stock price.FSD v14 system passes the physical Turing test, indicating progress in autonomous driving technology.Options Analysis:Current Implied Volatility (IV) is at historically extreme lows, suggesting the market expects very stable price movement. Call option trading is active, indicating positive sentiment.This Week (12/26): Expected to trade within a mild range of $475 - $495.Next Week (1/2): The range may widen slightly to $480 - $500.Key Support: $480. This is a recent technical low and a key defensive line for short-term bulls.Key Resistance: $490 - $495. $490 is a concentration area for call option (CALL) open interest; $495 is

$SPY$It seems just one step away from 7000 points. The market continues its upward consolidation tonight. Based on options opening positions, 7000 points are not tonight's target, but we can hope for next week.Tonight's likely range is between 690 and 695. After rising to 700 next week, a pullback is possible.$NVDA$Institutions are selling the 192.5 call expiring next week $NVDA 20260102 192.5 CALL$  and buying the 197.5 call for hedging/arbitrage $NVDA 20260102 197.5 CALL$ . This suggests the stock price is expected to be below 192.5 next week.Overall long (call) opening data indicates a potential return to around 200 soon, especially with the CES con

$CRWV$Insider block buying continues with 23,000 contracts opened, pushing total open interest to 100,000 contracts $CRWV 20260320 100.0 CALL$ . News-wise, CRWV has been selected for the US Department of Energy's "Project Genesis" to support national-level AI research. The block buying preceded the news.Another stock with massive block opening is APLD, with 65,300 contracts of the 2028 8 call $APLD 20280121 8.0 CALL$  traded, with a total premium value of $119 million.$ORCL$The news of TikTok landing on Oracle has relieved the market, easing concerns about who would pick up the cloud services pieces if OpenAI were to collapse.The bullish expectation is f

$NVDA$For some reason, institutions have modest expectations for NVIDIA's Q1 performance. Long calls were rolled ahead of the CES conference:Closed 50,000 contracts of the Feb 170 call $NVDA 20260220 170.0 CALL$  and rolled into buying 50,000 contracts of the Mar 160 call $NVDA 20260320 160.0 CALL$ .Not only is the strike price lower, but the expiration is also extended. The only plausible reason seems to be a clear market aversion to the supply chain closely tied to OpenAI.The Jan 185 call $NVDA 20260116 185.0 CALL$  saw 45,000 contracts opened, with mixed buy/sell flow.During the s

$BABA-W(09988)$ Key News:Guosen Securities maintains a "Buy" rating on Alibaba, optimistic about the commercialization prospects of its AI large models in e-commerce, cloud services, and other sectors.Options Analysis:Current Implied Volatility (IV) is at historical extremes (low), indicating expectations for very stable prices. Option volume suggests cautious sentiment with institutional hedging.This Week (Dec 19): Expected narrow range: HKD 142–148.Next Week (Dec 24): Range may expand slightly to HKD 140–150.Key Support: HKD 140–142 – HKD 140 is the maximum Put OI support; HKD 142 is the lower bound this week.Key Resistance: HKD 148–150 – HKD 148 is the upper limit this week; HKD 150 is next week's Call resistance.Strategy Idea: Sell Call Sprea

$NVDA$Expected to trade within the $170–185 range this week. After breaking above $180 on positive news, $185 will likely remain a tough resistance. Consider selling calls: $NVDA 20251226 187.5 CALL$ . A pullback to $175 is possible; consider selling puts on the dip: $NVDA 20251226 170.0 PUT$ .There's market chatter that NVDA is currently "cheap." Cheap it may be, but the persistent put openings still seem to harbor hopes of a drop to $160, suggesting ongoing consolidation and position-clearing.$TSLA$Given Tesla's price action and Musk's known tendencies around holidays, I suspect a push to $500 on the 24th or 26th, followed by a pullback—with the 24th

$TSLA$This week's 500 call has an open interest of 110k contracts, meaning Tesla will likely struggle to break above $500 this week. While this initially seemed ideal for selling calls, a massive block trade caught my eye: $TSLA 20260220 600.0 CALL$  – 10,000 contracts of the Feb 600 call traded, with a total premium of ~$11.34 million.While the exact catalyst is unknown, looking at Tesla's call flow, the mid-term 520 call $TSLA 20260130 520.0 CALL$  saw 9,704 contracts opened, mostly on the buy side.While $600 is uncertain, there's a strong probability Tesla reaches $500 by Christmas. For a conservative approach, consider selling the put:

$NVIDIA(NVDA)$ NVIDIA reports earnings this week. Analyst reports give favorable expectations, and the valuation looks attractive, but the options opening activity is extremely poor.Long-time followers of my articles should find this put opening activity familiar. It's the same pattern we saw during the sharp plunge in March and April this year, where cliff-like strike prices topped the opening rankings.Unlike Tesla, NVIDIA rarely sees extreme, lottery-ticket style shorting openings due to its stable valuation. When such openings do appear, it generally signals that risk appetite is likely increasing, and the overall market is tilting towards a risk-off stance, which could correspond with a sharp spike in the VIX.Put openings can roughly be divide

Reports today indicate that Michael Burry, "The Big Short," deregistered his hedge fund, Scion Asset Management, earlier this week. Before deregistration, the fund's assets under management reached $155 million.He also clarified what his short positions consisted of: 50,000 contracts of $PLTR 20270115 50.0 PUT$  and 10,000 contracts of $NVDA 20271217 110.0 PUT$ .In theory, after deregistering a hedge fund, capital is returned to investors, and short positions should be closed. The open interest data seems to confirm this.Looking at the PLTR open interest leaderboard, the $PLTR 20270115 50.0 PUT$&n

$NVIDIA(NVDA)$ The logic of upward resistance continues, with more institutions joining the ranks of those lowering expectations.It's not that AI is truly failing, but the current bearish sentiment suits Wall Street's intention to shake out weak hands – a flush-out for a healthier market.At this stage, it's unclear what December holds, but the November rally seems unlikely to materialize.Notable NVDA long call roll: The Nov 21st 205 call $NVDA 20251121 205.0 CALL$  was rolled to the Jan 16th 195 call $NVDA 20260116 195.0 CALL$ , opening 34k contracts.Why is this notable? Long calls are typically rolled once a

This article covers options for the following underlying assets: NVDA, AMD, MU, TSLA, AAPL, AMZN, META, PLTR, CRCL$NVIDIA Corp.(NVDA)$Key News:Citigroup raised its price target on NVDA from $210 to $220. The FactSet analyst average price target is $233.59, maintaining a "Buy" rating.Options Analysis:The market anticipates significant price movement ahead of earnings (IV 56%). Overall sentiment is bullish, but caution is warranted against pullback risks.Short-term (until 11/14): Expected to fluctuate between $180 - $195.Medium-term (until 11/21): The trading range widens to $175 - $200.Key Support: $180. This is a strong support level, coinciding with the 50-day moving average and options defense.Key Resistance: $200. This is a psychological barrie

$NVIDIA(NVDA)$ A combination of pre-positioning for macro tailwinds on Friday and Jensen Huang's speech on Tuesday has created a strong rebound momentum.The institutional spread range for Friday was 190～197.5: sell $NVDA 20251031 190.0 CALL$ , buy $NVDA 20251031 197.5 CALL$ . However, a continued rebound to 195 or even higher towards 200 cannot be ruled out, as there's a 200-210 spread set up for next week. It depends on what Jensen Huang says in his speech tomorrow.The lower bound is viewed around 185: $NVDA 20251031 185.0 PUT$ 

Internet Consumer & Cloud ComputingIREN, AAPL, META, GOOG, PLTR $IREN Ltd(IREN)$ Key News:Signed a 5-year, $9.7 billion AI cloud computing agreement with Microsoft, making Microsoft its largest customer.Analysts believe its AI infrastructure potential is not fully priced in; institutional price targets reach $200.Options Analysis:Current Implied Volatility (IV) is high at 135.67%, indicating the options market expects significant price swings. The Call/Put Ratio of 2.45 reflects dominant bullish sentiment, but beware of overbought pullback risks.1-Day (11/7): $69 - $82. High IV and substantial out-of-the-money call buying drive upside, but after-hours selling pressure could cause volatility.1-Week (11/14): $65 - $85. A longer timeframe widens

Nvidia is in the spotlight today. It has demonstrated the strong resilience of an AI computing power leader through better-than-expected financial performance, and its stock price rose more than 6% after hours due to impressive earnings results. However, market divisions over the company have never ceased: bears are concerned about valuation bubbles, as its price-to-earnings ratio and price-to-sales ratio are far higher than those of peers. They also worry about intensified competition——competitors like AMD and Intel are ramping up efforts, while tech giants such as Google and Microsoft are also laying out self-developed chips.[Surprised]However, the bull camp remains strong. Top institutions’ holdings have not seen significant reductions, and the market generally recognizes its long-term