Biggest bet of the week: on Nasdaq 100's −6.4% day, the largest new position was a ~$68M put, expiring this Friday.
→ Strike ~1% below Friday's close
→ ~$188M new puts on index and chip ETFs
→ ~$153M calls into Nvidia, Alphabet, and Microsoft
I think big money is hedging the index while buying dips in the hyperscalers. Worst case: if Nasdaq 100 drops another 1% this week, those puts go in the money, dealers hedge by selling, and the slide accelerates; watching.
Watching: $QQQ $NVDA $MSFT
#Options #Stocks #AI
→ Strike ~1% below Friday's close
→ ~$188M new puts on index and chip ETFs
→ ~$153M calls into Nvidia, Alphabet, and Microsoft
I think big money is hedging the index while buying dips in the hyperscalers. Worst case: if Nasdaq 100 drops another 1% this week, those puts go in the money, dealers hedge by selling, and the slide accelerates; watching.
Watching: $QQQ $NVDA $MSFT
#Options #Stocks #AI
