To The Moon

$NVIDIA(NVDA)$ With this earnings report, NVIDIA has cemented its status as the Federal Reserve of the AI world. Going forward, its earnings releases will be roughly equivalent to macroeconomic data releases. I haven't figured out the full implications yet, but one thing is clear: the nature of the company has changed. Wednesday's largest block trade combo was Sell Put 200 + Buy Call 220 + Sell Call 230. As today's opening showed — opening at 222, hitting 225 intraday — it was remarkably precise. Next week, there's no need to look at open interest data or GEX analysis. Just reference today's intraday block trade: the September 4-expiry 235 Put $NVDA 20260904 235.0 PUT$ — volume 9,1

$NVIDIA(NVDA)$ A knockout move. Someone opened a 100,000-contract call combo with a notional value of nearly $10 million — buying 100,000 contracts of this week's 230 call$NVDA 20260828 230.0 CALL$  while selling this week's 240 call$NVDA 20260828 240.0 CALL$. Ten million dollars on weekly options — is this just throwing money around, or do they actually know something? Either way, if NVIDIA's stock rallies to 230 after tomorrow's earnings, it would give the U.S. stock market a serious boost ju

$NVIDIA(NVDA)$ NVIDIA's post-earnings data on Wednesday was good, but it had little impact on the stock price. The real driver is the September 18 Triple Witching open interest settlement: the top Calls and top Puts will be max-pained, pinning the stock in the $200–210 range. So it's hard to see a directional trend before Triple Witching. Take Pelosi buying the dip on INTC — before Triple Witching, INTC will struggle to break above 110, and it's also hard to break above 100. If you hold the underlying stock, consider selling the 100 call $INTC 20260918 100.0 CALL$ to just ride it out through early September. It's worth noting that large block trades can have reverse effects. Earli

Just now, news broke that Pelosi disclosed buying the dip on $Intel(INTC)$ $Bloom Energy Corp(BE)$ — purchasing 15,000 shares of BE, 10,000 shares of INTC, as well as 500 BE LEAPS calls $BE 20270617 100.0 CALL$  and 500k worth of INTC LEAPS calls $INTC 20270617 50.0 CALL$. Using deep ITM LEAPS calls to buy the dip has many advantages: you only need half the capital to gain exposure equivalent to 100 shares of the underlying stock. Deep ITM calls are resistant to downside moves and can be exercised. The only drawback is that leverage is lower than OTM calls. BE was once a cor

$iShares Bitcoin Trust(IBIT)$ It's Bitcoin's shorts' turn to get squeezed. This is quite instructive — so what other products out there currently have high short interest? Speaking of which, I saw a large 100,000-contract bearish block trade a few days ago $IBIT 20281215 20.0 PUT$ , with notional volume of roughly $30+ million. Although it hasn't been closed yet, it's currently down 15%. Fortunately, it's a long-dated put, which is more resistant to downward moves — a near-term put would probably be down 50% by now. Bullish call block trades are the 39.5 call and 45 call $IBIT 20260925 39.5 CALL$

$SPDR S&P 500 ETF Trust(SPY)$ There's really not much point in looking at SPY's options activity anymore — it's really hard to make it drop. If it does drop, just sell puts. The Trump Account is basically a cheat code for the S&P 500. It indirectly turns every oversold trillion-dollar stock into a market-lifting reserve. So don't be fooled by AVGO getting hammered — it's a bear trap, storing up fuel for the broader market rally. A block trade opened 10,000 contracts of the 355 Sell Put $AVGO 20260831 355.0 PUT$ — the trader is definitely betting on this dynamic. The only thing is, Trump isn't entirely satisfied with the current account registration numbers yet, so he's stepp

$SPDR S&P 500 ETF Trust(SPY)$ QQQ suddenly initiated a small pullback, with the target being the starting price from August 3, around 710. SPY also looks like it's heading for a pullback to 760. This pullback isn't actually that small, but compared to July, it is. In terms of magnitude, it's simply giving back the excess gains from August 4. Even if it pulls back to 760, SPY's August gains would still be positive. The VIX 24 Call opened 146,600 contracts $VIX 20260916 24.0 CALL$ . Compared to the previous 28 Call opening, this is relatively moderate — suggesting that this pullback will likely push the VIX only into the low 20s. $SanDisk Corp

$SPDR S&P 500 ETF Trust(SPY)$ The subtitle of this article is: "We are all just pieces in Wall Street's game." To sum up the recent market action: squeeze the shorts to kill the bears, then nurture the bulls; then crash the market to kill the bulls and feed the bears — and so the cycle continues, giving SPY fresh momentum every time. The SPY block trade worth noting is this August 31-expiry 785 call $SPY 20260831 785.0 CALL$, opening 33,000 contracts — this is a roll, and the pre-roll position was the August 14-expiry 750 call $SPY 20260814 750.0 CALL$. In any case, even though we don't know which sector will lead t

$CoreWeave, Inc.(CRWV)$ $NEBIUS(NBIS)$ are in an awkward position — especially CRWV. The key takeaway from earnings isn't in the financial results themselves, but outside the filings: GPU rental prices. It's similar to how storage stocks are priced — earnings only become interesting after long-term agreements (LTAs) are signed; before that, it's all about whether storage prices are going up. For data centers, both of these companies are heavily leveraged and asset-heavy. Whether they can turn a profit depends entirely on whether GPUs can be rented at good prices. If GPU rental prices fall, even stellar earnings won't save the stock — because institutions will reason that if you're renting cheap but bought

$SPDR S&P 500 ETF Trust(SPY)$ The news came out the day before yesterday that Anthropic is planning an IPO in September or early October. That would be right after Triple Witching on 9/18 — which roughly translates to bullish after Triple Witching. The bullish playbook is probably similar to before: continue squeezing the shorts, with the broader market dipping first then rallying. Oh, SPY might not drop, but some sectors will. IGV opened 50,000 contracts of the September 18-expiry 90 put$IGV 20261218 90.0 PUT$ — a buy-side bearish bet with a notional value of approximately $13.5 million. On the same day, PLTR opened 28,000 contracts of the 140 put