Pelosi Is Buying the Dip!
Just now, news broke that Pelosi disclosed buying the dip on $Intel(INTC)$ $Bloom Energy Corp(BE)$ — purchasing 15,000 shares of BE, 10,000 shares of INTC, as well as 500 BE LEAPS calls $BE 20270617 100.0 CALL$ and 500k worth of INTC LEAPS calls $INTC 20270617 50.0 CALL$.
Using deep ITM LEAPS calls to buy the dip has many advantages: you only need half the capital to gain exposure equivalent to 100 shares of the underlying stock. Deep ITM calls are resistant to downside moves and can be exercised. The only drawback is that leverage is lower than OTM calls.
BE was once a core holding of Wall Street prodigy Leopold, before he sold it to Citadel Securities. BE has a significant advantage in power deployment, effectively solving the problem of the hassle of building new power grids. The only issue with this stock is that you never know to what extent the big players want to shake out retail investors. Now that Pelosi has entered, it adds a bit of reassurance.
Trading in the second half of the year feels like stepping into a casino. The fundamentals are still the same, but the big players aren't playing that game anymore — instead, they're squeezing whichever stock has the most short interest. Software names, cloud giants, and Bitcoin have all followed this pattern.
Today, I see various chat groups all bashing Bessent as a "smart aleck" — saying $40 billion in bond buybacks wasn't enough, so now he's planning to use $1 trillion. This bluffing style is not well-received, and everyone is lamenting that America is doomed. Those familiar with the short-squeeze playbook from earlier might recognize that Bessent is trying to pull off a big one. Whether he succeeds or not is another matter, but the way this administration treats the economy and fiscal policy like a Texas Hold'em poker game really gives the impression that they cannot afford to lose at all.
SPY put openings show very divergent expectations for the future — some are betting on a crash to 700, while others expect normal volatility this week, testing 755 $SPY 20260831 755.0 PUT$.
NVIDIA(NVDA)NVIDIA(NVDA)
Although NVIDIA raised AI chip prices by 17%, the stock still fell. On the pullback, consider selling puts $NVDA 20260828 190.0 PUT$ . Institutions have built a Bear Call Spread in the 220–230 range, forming a thick options wall $NVDA 20260828 230.0 CALL$ . With the September 18 Triple Witching expiration approaching, the stock is likely to close in the 200–210 range — very suitable for seller strategies.
By the way, Tiger's GEX feature has been updated and is now live. If you want to see open interest data, you don't need to wait for my nightly updates — it's all in the GEX analysis.
I thought the pullback target this time was 120, but judging from open interest, most participants believe the current 150–160 price is quite reasonable — for example, the Sell Put block at 160 $SKHY 20261218 160.0 PUT$. Others are looking at a more extreme pullback to 110.
For current shareholders, a collar strategy — Sell Call + Buy Put — would be a suitable hedge.
A bullish block trade opened on the 450 Buy Call $GLD 20270115 450.0 CALL$, with 20,000 contracts. While it's unclear whether gold's upward path will be smooth enough to justify buying calls, the put strike levels have moved higher — from 350 to 400. This suggests that if a pullback occurs, consolidation around 400 is likely. A conservative play would be selling the 400 Put $GLD 20260918 400.0 PUT$.
The first phase of the rally is over, as the early Buy Call holders have rolled their positions. Consider starting with a Sell Put to gauge the market $CRCL 20261120 80.0 PUT$.
SPCX's current trend is expected to continue for a while — at least someone has quietly opened October-expiry 135 calls $SPCX 20261016 135.0 CALL$ . Consider selling the 120 Put $SPCX 20260904 120.0 PUT$.
The bad news: an HK$80 billion offering. The good news: Joe Tsai increased his stake by $100 million. For now, the selling pressure overhead is heavy, with massive Sell Calls at 160 and 135 $BABA 20261120 160.0 CALL$ $BABA 20261016 160.0 CALL$ $BABA 20260918 135.0 CALL$ . However, on the downside, consider selling the 110 Put.
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