FOMO check: Everyone is saying, "Nvidia is at the bottom, buy now." The stock is 22% below its high.
→ Thursday −9.3%, Friday bounce +2.8%; it needs +28% to get back to the high
→ Friday call premium ~$970 million, put premium ~$798 million
→ Net ~$92 million of calls bought, net put buying almost zero
I think the crowd is buying the dip but not buying insurance; surprises usually show up on the unhedged side. Worst case: if Thursday's low at $181.46 breaks, the drop accelerates and these calls melt fast; that's the level I'm watching most closely.
#Stocks #Options
Watching: $NVDA
→ Thursday −9.3%, Friday bounce +2.8%; it needs +28% to get back to the high
→ Friday call premium ~$970 million, put premium ~$798 million
→ Net ~$92 million of calls bought, net put buying almost zero
I think the crowd is buying the dip but not buying insurance; surprises usually show up on the unhedged side. Worst case: if Thursday's low at $181.46 breaks, the drop accelerates and these calls melt fast; that's the level I'm watching most closely.
#Stocks #Options
Watching: $NVDA
