Mortimer Arthur
07-17

$Apple(AAPL)$ The options activity on $NVIDIA(NVDA)$  is intense, with traders piling into short-term $330 weeklies and October $360 calls. It looks like they're riding the AI wave hard rather than backing off after that recent 5% move.

There was some serious action with aggressive ask-side sweeps on those July $330 calls. This could lead to some sharp moves near the $330 to $335 area in the near term.

October $360 calls are also dominating, with trades way above open interest. It seems institutions still see upside potential into the fourth quarter, so $360 is a level to watch for swing targets.

On the positive side, with China clearing Apple Intelligence, the broader AI rollout is set. However, any negative news related to China or AI developments could hit the stock hard.

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