OptionsDelta
06-11

$NVIDIA(NVDA)$

No need to worry about a pullback before triple witching day; the stock price is expected to continue climbing toward 145. A potential pullback may occur after triple witching.

$Tesla Motors(TSLA)$

Two key updates:

  1. The release date for robotaxis has been postponed by 10 days to June 22.

  2. Trump has expressed interest in reconciling with Musk.

The stock price has rebounded to its pre-argument level, but further upside momentum seems limited.

A sell call strategy is appropriate:

For the downside, it’s harder to predict this week. Judging by the open interest in bearish puts, market makers seem to be preparing for a potential pullback to 300.

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

The S&P 500 outlook is slightly stronger than NVIDIA’s. However, bearish puts are being positioned for a post-triple witching pullback, specifically as a hedge against the expiration of the July 9 tariff suspension. The current expectation is a correction to 585.

$Intel(INTC)$

The one-day rally ended quickly. Tuesday’s gains were wiped out, and the pullback target is 20. There is no expectation for the price to fall further.

$Palantir Technologies Inc.(PLTR)$

Bullish traders have set up a weekly call butterfly spread:

  • 129-137-141

This means the current price of 137 has already hit their target.

On the bearish side, the pullback target is 120, which is also expected after triple witching.

$Alphabet(GOOG)$ $Alphabet(GOOGL)$

Some traders are betting on both Alphabet's share classes simultaneously by buying long-term call options with a strike price of 190 expiring at the end of the year:

Each position opened with 10,000 contracts, with a total transaction value of approximately $27 million.

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Comments

  • andy66
    06-11
    andy66
    Run! Run! It's going to take a nosedive tomorrow
  • AuntieAaA
    06-11
    AuntieAaA
    Good
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