$NVIDIA(NVDA)$ π₯π¨π£ NVDA Puts Pop Off, Smart Money Eyes $92 Strike Play π£π¨π₯
$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, itβs a calculated position hunting weakness beneath the surface.
Despite todayβs 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. Thatβs a bearish crossover that seasoned traders donβt ignore.
This flow doesnβt 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 playβs loaded.
π 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 isnβt just a gamble, itβs a volatility-fuelled chess move. Whether itβs hedging or directional conviction, this strike speaks volumes. A slip in sentiment and NVDA could easily test those lower rungs.
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Trade like a boss! Happy trading ahead, Cheers, BC πππππ
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great analysis, agree 100% with resistance and support levels πππ
thanks for sharing BC π
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?
Great article, would you like to share it?