To The Moon

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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

$NVIDIA(NVDA)$ 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

For option traders chasing long-term wins and steady returns, selling puts is like a secret weapon in your toolkit 🧰. When compared to selling calls, selling puts usually keeps your max loss more in check, making it perfect for folks who wanna be smart about risk!Understand Sell Put🚀Selling puts means you agree to buy an underlying asset at a set price by a certain date. In return, the put buyer pays you a premium for taking on that obligation. If the market price stays above that strike price at expiration, you pocket the premium with no strings attached ✨. But if it dips below, you’ll buy the shares at the strike price——but you still get to keep that premium! This is awesome if you were already thinking of buying stock at a discount.Pick the Perfect Contract📊Navigating through various st

$NVIDIA(NVDA)$ We're back in a macro pressure phase. Unsurprisingly, after the US government reopens, it will have to face a bunch of dismal employment and inflation data.Theoretically, NVIDIA should be the easiest stock to navigate in the current phase, but a bearish Sword of Damocles hangs over its head.Michael Burry plans to release more details about the overvaluation of AI-related companies on November 25th, timed after NVIDIA's earnings report, aiming to combine with weak macro data to deliver another blow to the market.However, the systemic willingness to short NVIDIA isn't very strong at the moment. The top ranked bearish opening trade is a halving/slash large short block $NVDA 20

A violent rebound on Friday, followed by a sharp short-squeeze surge on Monday – last week's series of coincidences led to a pullback.However, institutions aren't viewing this pullback very positively. Significant sell call block trades have emerged for some stocks, with expiration dates at year-end. The strike prices suggest high volatility is expected from now until year-end:$AAPL 20251219 305.0 CALL$ $SPY 20260116 700.0 CALL$ $C 20251219 115.0 CALL$ $GOOGL 20251219 335.0 CALL$ 

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

$SPDR S&P 500 ETF Trust(SPY)$ Gotta say, Michael Burry's timing for this short is actually somewhat impressive. He specifically filed two weeks early to hit this exact window – he's got both timing and conditions on his side. This was also discussed in previous articles.Barring any surprises, the current pullback is expected to reach the previous low around 650, with a smaller probability of hitting 640. This drop would be enough for him to break even, but turning a profit might still be tough.On Thursday, someone opened 17,000 contracts of the 650 put expiring on the 12th $SPY 20251112 650.0 PUT$ . Half of this position was closed around 9:43 AM ET today (Friday), already full

Tickers Involved: NVDA, AMD, TSLA, AAPL, AMZN, META, PLTR, HOOD, CRCL$NVDA$Key News:NVIDIA partners with RedCloud on a $280 million Saudi trade project, using NVIDIA tech to optimize the AI platform.Jensen Huang revises previous statement that "China will dominate the AI race," emphasizing the US-China tech gap is merely "nanoseconds."Collaboration with Deutsche Telekom on a €1 billion data center project involving 10,000 GPUs.Options Analysis:Market Sentiment: Elevated Implied Volatility (IV 54.5%)预示着 significant price swings. Overall bias leans bullish, but large funds are actively hedging downside risk.Short-term (til 11/14): Expected range-bound action between $180 - $195.Near-term (til 11/21): Range likely expands to $175 - $205.Key Support: $180. A historical bounce level and dense P

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

Semiconductors & ChipsNVDA, AMD, INTC, MU $NVIDIA(NVDA)$ # Key News Summary #Significant Price Target Hike: On November 4, Loop Capital raised its price target on NVDA from $250 to $350 (the highest on the street), believing AI chip demand is entering a "golden wave" with strong data center growth.Policy and Short-Selling Impact: US restrictions on chip exports to China drove the stock price below $200; well-known investor Michael Burry shorted NVDA, erasing over $120 billion in market cap in a single day.Divergent Market Sentiment: Despite negative catalysts, retail investor sentiment remains "extremely bullish," with the average analyst price target implying over 11% upside.# Options Analysis #Bull/Bear Signals: Call/Put Ratio reached 1.76,

$Invesco QQQ(QQQ)$ This afternoon, there was news that Trump's youngest son, Barron, bought over 20,000 contracts of QQQ 570 puts on November 3rd $QQQ 20251231 570.0 PUT$ , worth approximately $10.9 million.This trade is clearly recorded on the volume chart. Given the low demand for such deep out-of-the-money options, it's almost certain that specific volume spike was Barron's doing.What does a drop to 570 imply? Roughly a 10% market-wide correction.There's much speculation about Barron's motive. Previously, rumors suggested Barron runs a stock trading group with a $1 million entry threshold. This group has had some successful trades, often coinciding with Trump's policy announceme

$NVIDIA(NVDA)$ It has recently stabilized within the range of 190-220. Very stable, just harvest the premium. The blue sections indicate institutional spread strategy option openings. Both call and put spreads have escalated a level compared to strategies from the week before last.For sell calls, reference strike 215 $NVDA 20251107 215.0 CALL$ . For sell puts, reference strike 195 $NVDA 20251107 195.0 PUT$ . $Advanced Micro Devices(AMD)$ Earnings this week are expected to beat expectations. The institutional strategy's expected strike price range is very wide, 260

$Cboe Volatility Index(VIX)$ All parties were on high alert, yet the negotiations concluded smoothly. The previously anticipated sharp drop to 640 or even 600 didn't materialize. Does that mean no decline is coming? Not necessarily. The anticipation artificially inflated the market beforehand, effectively creating room for a pullback. As the saying goes, if there's no pullback room, create it.A block trade bought the $VIX 20251217 33.0 CALL$  with volume of 123.2k contracts, amounting to $10.96 million. Expect SPY to potentially experience another 3% pullback.However, the tech stock gains over the past two weeks weren't entirely driven by negotiation expectations; AI-specific deman

$NVIDIA Corporation(NVDA)$Market cap surpasses $5 trillion, NVIDIA enters a new consolidation range of $200-$220.Institutions rolled positions on Wednesday, selling the 215 call $NVDA 20251031 215.0 CALL$  and buying the 220 call $NVDA 20251031 220.0 CALL$ .For selling puts, consider strikes below 200, e.g., $NVDA 20251031 200.0 PUT$ .$Tesla, Inc.(TSLA)$Continues to consolidate between $450-$500. For selling puts, consider $TSLA 20251031 430

$NVIDIA(NVDA)$ 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

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

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

$SPDR S&P 500 ETF Trust(SPY)$ 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

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

$VIX$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

$NVIDIA(NVDA)$ We're back in a macro pressure phase. Unsurprisingly, after the US government reopens, it will have to face a bunch of dismal employment and inflation data.Theoretically, NVIDIA should be the easiest stock to navigate in the current phase, but a bearish Sword of Damocles hangs over its head.Michael Burry plans to release more details about the overvaluation of AI-related companies on November 25th, timed after NVIDIA's earnings report, aiming to combine with weak macro data to deliver another blow to the market.However, the systemic willingness to short NVIDIA isn't very strong at the moment. The top ranked bearish opening trade is a halving/slash large short block $NVDA 20

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

$SPDR S&P 500 ETF Trust(SPY)$ Gotta say, Michael Burry's timing for this short is actually somewhat impressive. He specifically filed two weeks early to hit this exact window – he's got both timing and conditions on his side. This was also discussed in previous articles.Barring any surprises, the current pullback is expected to reach the previous low around 650, with a smaller probability of hitting 640. This drop would be enough for him to break even, but turning a profit might still be tough.On Thursday, someone opened 17,000 contracts of the 650 put expiring on the 12th $SPY 20251112 650.0 PUT$ . Half of this position was closed around 9:43 AM ET today (Friday), already full

A violent rebound on Friday, followed by a sharp short-squeeze surge on Monday – last week's series of coincidences led to a pullback.However, institutions aren't viewing this pullback very positively. Significant sell call block trades have emerged for some stocks, with expiration dates at year-end. The strike prices suggest high volatility is expected from now until year-end:$AAPL 20251219 305.0 CALL$ $SPY 20260116 700.0 CALL$ $C 20251219 115.0 CALL$ $GOOGL 20251219 335.0 CALL$ 

$NVIDIA(NVDA)$ 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: $NVDA 20251031 185.0 PUT$ 

Semiconductors & ChipsNVDA, AMD, INTC, MU $NVIDIA(NVDA)$ # Key News Summary #Significant Price Target Hike: On November 4, Loop Capital raised its price target on NVDA from $250 to $350 (the highest on the street), believing AI chip demand is entering a "golden wave" with strong data center growth.Policy and Short-Selling Impact: US restrictions on chip exports to China drove the stock price below $200; well-known investor Michael Burry shorted NVDA, erasing over $120 billion in market cap in a single day.Divergent Market Sentiment: Despite negative catalysts, retail investor sentiment remains "extremely bullish," with the average analyst price target implying over 11% upside.# Options Analysis #Bull/Bear Signals: Call/Put Ratio reached 1.76,

Tickers Involved: NVDA, AMD, TSLA, AAPL, AMZN, META, PLTR, HOOD, CRCL$NVDA$Key News:NVIDIA partners with RedCloud on a $280 million Saudi trade project, using NVIDIA tech to optimize the AI platform.Jensen Huang revises previous statement that "China will dominate the AI race," emphasizing the US-China tech gap is merely "nanoseconds."Collaboration with Deutsche Telekom on a €1 billion data center project involving 10,000 GPUs.Options Analysis:Market Sentiment: Elevated Implied Volatility (IV 54.5%)预示着 significant price swings. Overall bias leans bullish, but large funds are actively hedging downside risk.Short-term (til 11/14): Expected range-bound action between $180 - $195.Near-term (til 11/21): Range likely expands to $175 - $205.Key Support: $180. A historical bounce level and dense P

$Invesco QQQ(QQQ)$ This afternoon, there was news that Trump's youngest son, Barron, bought over 20,000 contracts of QQQ 570 puts on November 3rd $QQQ 20251231 570.0 PUT$ , worth approximately $10.9 million.This trade is clearly recorded on the volume chart. Given the low demand for such deep out-of-the-money options, it's almost certain that specific volume spike was Barron's doing.What does a drop to 570 imply? Roughly a 10% market-wide correction.There's much speculation about Barron's motive. Previously, rumors suggested Barron runs a stock trading group with a $1 million entry threshold. This group has had some successful trades, often coinciding with Trump's policy announceme

$NVIDIA(NVDA)$ It has recently stabilized within the range of 190-220. Very stable, just harvest the premium. The blue sections indicate institutional spread strategy option openings. Both call and put spreads have escalated a level compared to strategies from the week before last.For sell calls, reference strike 215 $NVDA 20251107 215.0 CALL$ . For sell puts, reference strike 195 $NVDA 20251107 195.0 PUT$ . $Advanced Micro Devices(AMD)$ Earnings this week are expected to beat expectations. The institutional strategy's expected strike price range is very wide, 260

$Qualcomm(QCOM)$ Last Friday, a large block positioned ahead of an anticipated rise in Qualcomm by buying out-of-the-money calls expiring November 7th with a 180 strike $QCOM 20251107 180.0 CALL$ . They opened 7,633 contracts at an average price of around $2.85.Currently, that entry price looks quite precise.On Monday, someone opened a position by selling 10,000 contracts of the 175 strike put expiring December 19th $QCOM 20251219 175.0 PUT$ .It currently looks like QCOM will oscillate around the 180 level before attempting another push higher. The call buying was likely due to high volatility, hence the focus

Spent the weekend reviewing the tape, feeling like we might witness history again.The key to understanding this pullback is understanding the bears' rationale for shorting $SPY to 600.Some might ask, didn't Trump have his "Taco" moment over the weekend? That's precisely the issue. The focus this round isn't on Trump, but on our side.Currently, the offensive/defensive dynamic has shifted. The US side verbally conceded too quickly. And we haven't responded regarding the weekend events. So the real negotiations haven't even properly begun.One particularly concerning point: after AI escalated to a matter of national foundation, our side's objectives might be different from back in April.The TikTok resolution created some misdirection; everyone already assumed a deal was struck between the two

$NVIDIA Corporation(NVDA)$Market cap surpasses $5 trillion, NVIDIA enters a new consolidation range of $200-$220.Institutions rolled positions on Wednesday, selling the 215 call $NVDA 20251031 215.0 CALL$  and buying the 220 call $NVDA 20251031 220.0 CALL$ .For selling puts, consider strikes below 200, e.g., $NVDA 20251031 200.0 PUT$ .$Tesla, Inc.(TSLA)$Continues to consolidate between $450-$500. For selling puts, consider $TSLA 20251031 430

Tech earnings start rolling out this week, likely performing similarly to TSMC last week: fundamentally positive but failing to lift stock prices. This isn't necessarily due to a lack of appeal in the AI narrative; it might be that investors are leaning towards watching macroeconomic risks.Overall, put options remain split between two extremes. Barring any black swan events, this week's price action should resemble last week's. Some stocks even appear less tense by comparison. $NVIDIA(NVDA)$ Bearish options show extreme positioning, with 14,000 contracts of weekly deep out-of-the-money 150 puts $NVDA 20251024 150.0 PUT$  opened, suggesting a potential black swan risk this week. W