To The Moon

In addition to NVDA, TSLA, and SPY, there are also notable large orders for GOOGL, AAPL, PLTR, INTC, ASHR, and CORZ. $NVIDIA(NVDA)$ This week's fluctuation range is broadly 100–115 and narrowly 105–113, depending on the tech earnings reports this week. However, considering the stock price may align with 110 or even reach 120 before May 16, selecting a small position to sell put options with a strike price of 105 is reasonable.Special emphasis on small positions and risk control here. After all, we are in the middle of tariff negotiations. While Trump aims for a quiet earnings season for U.S. stocks, others may not think the same. Ideally, the stock price will trend upward during earnings season, but in a less ideal scenario, a sudden backstab coul

$Tesla Motors(TSLA)$ Elon, it’s great to have you back!On Thursday, April 24, the four most representative bearish options were closed out: $TSLA 20250815 190.0 PUT$ , $TSLA 20250815 185.0 PUT$ , $TSLA 20250815 170.0 PUT$ , $TSLA 20250815 165.0 PUT$ .I talked about these positions in my March 12 article. This time, the bears didn’t close out everything, but they exited the majority. Even though Tesla’s fundamentals haven’t improved much, Musk’s return definitely forced the sho

$SPDR S&P 500 ETF Trust(SPY)$ The market digested Trump’s dovish talk on Wednesday and split into two camps—one bullish, one still bearish.You see this reflected in SPY options positioning. The extreme bears are still pressing their bets, with institutions putting on June expiry butterfly spreads targeting below $475. The more moderately bearish are sticking to defined-risk strategies, like selling the $570 call, buying the $525$ put, and selling the $490 put.Bulls are more aggressive, choosing strategies like selling the $540 put and buying the $560 call.Here’s some of the notable action:Buying $SPY 20250430 560.0 CALL$ , volume: 14,000 contractsSelling

Tesla really lives up to its status as a “presidential stock”—even the earnings release got a presidential boost. After Tuesday’s close, Tesla reported earnings, and then Trump just happened to announce after hours that he won’t fire Powell and will lower tariffs on China.Remember, Trump previously made a big show of announcing “buy DJT” at the open and then, intraday, announced a 90-day tariff freeze. This time, making the announcement after hours looks an awful lot like he was giving his old friend a hand.Of course, being Trump, he couldn’t hold back—he had Bessent come out at noon Tuesday to talk up the China ADRs, sending them higher during the session.Normally, an intraday leak is enough for the market to price things in, but institutions stayed rational—options volume didn’t spike, i

$VanEck Semiconductor ETF(SMH)$ The massive sell put at $175$, $SMH 20250425 175.0 PUT$ , was closed out on Monday.As mentioned in the April 15 article, someone sold 120,000 contracts of the $175 put expiring this week back on April 14. Unsurprisingly, they didn’t make much—by April 21, just four days before expiration, the position was hastily closed.Even though $175 is a deep out-of-the-money strike and close to expiration (so time decay should be fast), Monday’s chip stock crash caused put prices to rise instead of fall. The price ended up about the same as a week earlier, so the sell put didn’t make money.It’s the classic scenario: a huge put position gets closed, and chip stoc

Caught a cold over the weekend, and after looking at the market, things played out pretty much as expected last Friday—so I just stayed in bed to recover on Monday.But I just pulled up Friday’s data, and wow, it really surprised me.For $NVIDIA(NVDA)$ , let’s check institutional sell calls as usual: strikes at $106$ and $107$, hedged by $116$ and $117$. So, the upper bound for this week is around $110$.But the lower bound is where things get scary. Take a look at where traders are opening bearish positions on NVIDIA—strikes at $20$, $30$, $55$, and some even at $10.If this were before, I’d have written this off as a joke—buying $1$-dollar puts is basically lighting money on fire. But if you review previous years’ opening records, you’ll see that un

$NVIDIA(NVDA)$ TSMC reported earnings and maintained its original 20%–30% growth forecast, with robust AI demand. Still, this isn’t enough to reverse the overall weakness in chip stocks—prices are likely to retest previous lows.The largest bearish options position opened on Wednesday was the $NVDA 20250417 65.0 PUT$ , with 45,000 contracts. Not that anyone thinks it's going to $65$—this is more about trading volatility.So there are basically four bearish camps: $100$, $90$, $80$, and sub-$80$. Below $80$, it’s more about playing volatility, while most people see the range as below $100$, above $90$.Chances are, NVDA closes above $100$ this week. But if you’re holding short puts an

$VanEck Semiconductor ETF(SMH)$ Yesterday, we mentioned in our article that someone made a big move—selling 120,000 contracts of the $SMH 20250425 175.0 PUT$ , which is a “sell put” strategy. Literally speaking, this means he believes SMH won’t break below its previous low before April 25.But here’s the question: if you rewind to before Tuesday, was this strategy really in line with the current trend? New options traders probably think it’s fine, but seasoned players might raise an eyebrow after seeing this.Then on Tuesday, there was another big trade—44,000 contracts opened on the $SMH 20250425 175.0 PUT$ , but th

Fellow traders, there’s more drama to watch.Someone has placed a massive bet that chip stocks won’t fall below their previous lows before April 25th. Specifically, the trades involve selling $SMH 20250425 175.0 PUT$ , $TSM 20250425 130.0 PUT$ , and $MU 20250425 60.0 PUT$ . The positions are for 120,000 contracts, 70,000 contracts, and 50,000 contracts, respectively.If this isn’t based on insider information, then something’s definitely fishy.However, as my regular readers know, such blatantly targeted large trades are like waving cash in front of market makers—they’re irresistible bait.It’s

$KraneShares CSI China Internet ETF(KWEB)$ The level of information leakage has reached absurd proportions.Over the weekend, news broke that the U.S. Customs and Border Protection (CBP) announced a new tariff rule on April 11th (Eastern Time). This rule exempts categories such as automatic data processors, computers, communication devices, displays and modules, and semiconductors from the "reciprocal tariffs" imposed by the Trump administration.However, prior to the official announcement, on Friday, April 11th, unusual activity in KWEB options was observed. A massive order for 110,000 contracts of $KWEB 20250425 35.0 CALL$  was opened, with a total transaction value of over $5 mi