Institutions regularly roll over bull call spreads, selling $NVDA 20250221 140.0 CALL$ and buying $NVDA 20250221 149.0 CALL$ . This supports the stock price above 140 next week.
Excluding regular institutional large orders, bullish opening positions remain very active, showing steady progress.
To play it safe, I sold a put expiring next week at 130 $NVDA 20250221 130.0 PUT$
By the way, TSMC's 190 put large position was closed earlier this week. The unclear negative news turned out to be about the trade war, with Trump stating chips should be manufactured in the US. However, the simultaneous disclosure of Intel and TSMC forming a joint venture for chip production didn't cause substantial negative impact on TSMC, resulting only in a slight decline.
Despite Thursday's 5.77% gain, bulls lack momentum at this level, particularly today.
For example, this week's 350 calls had trading volume of 134,800 contracts on Thursday, but open interest didn't increase, instead decreasing by 7,000 contracts.
$KraneShares CSI China Internet ETF(KWEB)$
Surprisingly, large orders in the market are betting on end-of-day moves: closing $KWEB 20250221 34.0 CALL$ and rolling into $KWEB 20250221 36.0 CALL$
Two long calls were closed:
$KWEB 20250919 39.0 CALL$ closed
$KWEB 20260116 30.0 CALL$ closed
$iShares China Large-Cap ETF(FXI)$
Long put position, though unclear if it's a spread or roll over - each implies different things. A rollover suggests long-term bearishness, which isn't too concerning; if it's a spread, it indicates bearish view on FXI below 34 but above 30:
Sold/Closed $FXI 20260116 30.0 PUT$
Opened $FXI 20260116 34.0 PUT$
The butterfly strategy expert returns, targeting BABA's rise to 140. Some might ask if this contradicts the pullback? It doesn't - after the pullback, the upward trend continues.
Buy $BABA 20250321 155.0 CALL$
Sell $BABA 20250321 140.0 CALL$ x2
Buy $BABA 20250321 125.0 CALL$
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