To The Moon

$NVIDIA(NVDA)$ Next week’s triple witching day, March 21, could be a perfect scenario for market makers. If NVIDIA’s stock price rebounds to $122, both the in-the-money call and put options expiring in March would be completely wiped out. The open interest ranking is shown in the chart. Staying above $115 would also suffice, as the breakeven cost for the head open interests is above $11. Adding the straddle premium brings it to $22, meaning the current positions are already in the red. The most surprising trade yesterday was a 90 put expiring this week, $NVDA 20250314 90.0 PUT$ , with 99,000 contracts opened. The trade direction was selling, which essentially rules out the possibility of further sharp declines this week. On the bullish side, institutions are continuing to roll bullish spreads for this week. For example: Selling the $116 call and buying the $120 call. Other large trades are more conservative, primarily using strategies like sell put + buy call or buy call + sell call. This indicates confidence in a bottoming-out phase but skepticism about the strength of the rebound. $Tesla Motors(TSLA)$ Tesla doesn’t face the same triple witching tug-of-war between buyers and sellers. Instead, it’s under systemic shorting pressure, with the real issue being declining off-exchange car sales. Although Elon Musk has started addressing the negative press from online bots, the damage has already been done. Changing public perception won’t happen overnight, so caution is still warranted. The open interest direction remains predominantly bearish. There are two major bearish trades: A put spread in the $170-$165 range, expiring in August. Another put spread in the $190-$185 range, also expiring in August. It seems the bears are no longer hiding their intentions—they’re going all in: Opened $TSLA 20250815 190.0 PUT$ , 36,000 contracts. Opened $TSLA 20250815 185.0 PUT$ , 36,000 contracts. Opened $TSLA 20250815 170.0 PUT$ , 90,000 contracts. Opened $TSLA 20250815 165.0 PUT$ , 90,000 contracts. Additionally, the bears have made a small symbolic bullish trade: a call spread in the $300-$450 range, also expiring in August: Opened $TSLA 20250815 300.0 CALL$ , 3,625 contracts. Opened $TSLA 20250815 450.0 CALL$ , 3,472 contracts. This shows the bears are committed to a long-term battle. Bulls are advised to implement proper protective measures. $iShares China Large-Cap ETF(FXI)$ For Chinese stocks, it’s the same story. The triple witching day will clear out a batch of head open interest options, likely leading to continued sideways movement or a pullback. However, any pullback will likely not go too low—$33 and above seems reasonable.