To The Moon

Markets ripped higher Friday—not just on rate-cut hopes, but also a major short squeeze. Still, let’s watch a couple more days to see if bears are really done.

$PDD Holdings Inc(PDD)$

• Earnings beat: Huge net profit beat, but management was very cautious (said the strong trend might not continue). That capped gains.

• Big Friday call buys: A whale spent ~$80M buying $PDD 20250926 130.0 CALL$ , $PDD 20250926 132.0 CALL$ , $PDD 20250926 135.0 CALL$  (all Sep 26 expiry, about $5 each), betting on a post-earnings move to $135–140.

• Many other calls: Lots of bullish flow targeting $130–140 for autumn. Odd outlier: some $PDD 20251121 165.0 CALL$  sell calls (Nov expiry).

  

• Put side: Cautious. Notable is a straddle ($PDD 20250829 110.0 CALL$  + $PDD 20250829 110.0 PUT$ ) for this week—likely hedging, not outright bearishness, but puts are at scattered strikes, showing weak downside conviction.

• Stock opened down 2%, back to $125—right at prior bullish targets.

• Those Sep calls are now worth much less, but don’t rule out a rebound.

• Very important: If PDD dips post-earnings, that’s a buy-the-dip opportunity. Don’t chase calls—safer to sell puts ($115–120), or $110 for the most conservative.

$NVIDIA(NVDA)$

• Earnings out: Data center demand still strong, but stock already priced for perfection—like last quarter, limited upside likely.

• Institutions selling $185/$187.5 calls, hedging with $195/$202.5 calls. They don’t expect a new high, but are hedging in case.

• Sell put $175 or $170 for a mild bullish play.

• Notably, some heavy put buying at lower strikes—probably macro/market hedges, not company-specific.

  

• “$200M guy” rolled $NVDA 20250919 160.0 CALL$  up to $172.5, but with much smaller size—effectively trimming exposure.

$Tesla Motors(TSLA)$

• Very strong: Big bullish call action, including mid-term spreads: buy $450 call, sell 5x $900 call ($TSLA 20260116 450.0 CALL$ /$900.0 CALL$).

• Institutions selling $347.5/$335 calls, hedging with $355/$367.5 calls.

• Some downside protection: buy $320 put ($TSLA 20250919 320.0 PUT$ ).

• Overall: Tesla is best played from the long side for now.

$SPDR S&P 500 ETF Trust(SPY)$

• Index is split, with both bullish and bearish volatility bets.

• Some are targeting $650 calls—optimistic side.

$Palantir Technologies Inc.(PLTR)$

• Institutions rolled up on the squeeze: sell $165 call, hedge with $172.5 call ($PLTR 20250829 165.0 CALL$ /$172.5 CALL$).

• Heavy sell call flow on big drops is often a squeeze signal.

• Puts show no consensus; surprisingly, more people bet on a crash after the rally.

• Long-term, $140 put is reasonable, but better opportunities elsewhere if you’re capital-constrained.

$Advanced Micro Devices(AMD)$

• Selling $172.5 call, hedging with $182.5 call. Should hold above $160 this week.

$UnitedHealth(UNH)$

• Possible dip to $290. Covered call at $330 is reasonable.

$Intel(INTC)$

• Cash-rich and government backing—bullish bias. Unlikely to fall below $24; consider selling puts.

$CoreWeave, Inc.(CRWV)$

• Probably in a shakeout phase, could retest $85.

• Notably, big money is accumulating ratio call spreads: buy $100 call, sell 2x $165 call ($CRWV 20260320 100.0 CALL$ /$165.0 CALL$). This has been building for days, now a multi-million dollar bet. Likely strong hands positioning for a rebound from the bottom.

$Alibaba(BABA)$

• Earnings outlook: mild bullish, $125+ possible. Current price is good for selling puts ($BABA 20250829 118.0 PUT$ ).