$NVIDIA(NVDA)$ 🔥🚨💣 NVDA Puts Pop Off, Smart Money Eyes $92 Strike Play 💣🚨🔥

$NVDA 92 puts expiring 25Apr25 are lighting up the options tape with a hefty 17,28K volume at a crisp $0.75 mark, down but far from out. With implied volatility still above 71%, this is no retail flutter, it’s a calculated position hunting weakness beneath the surface.

Despite today’s modest 0.03% fade, $NVDA is skating just below the 50DMA, and momentum is crumbling. The MACD confirms the fadeout, with DIF: 0.0845 and MACD: -0.0774 now diverging ominously. That’s a bearish crossover that seasoned traders don’t ignore.

This flow doesn’t whisper, it roars. The $92 puts are the biggest standout in this chain, with open interest swelling and a 33% markdown providing an asymmetric setup for those riding the downside wave.

As institutional flow leans defensive, smart capital is rotating into protection or speculation, either way, the play’s loaded.

📊 Key technicals to watch:

Resistance: $114.67

Support: $108.54, then $105 psychological line

Break below $109 and we could accelerate towards that $92 magnet

This isn’t just a gamble, it’s a volatility-fuelled chess move. Whether it’s hedging or directional conviction, this strike speaks volumes. A slip in sentiment and NVDA could easily test those lower rungs.

📢 Don’t miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets 🚀📈 I’m obsessed with hunting down the next big movers and sharing strategies that crush it. Let’s outsmart the market and stack those gains together! 🍀🍀🍀

Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀