To The Moon

$NVIDIA(NVDA)$

With earnings out, the biggest uncertainty is resolved. AI growth remains strong, and there’s no clear reason for a major pullback—so the stock continues to grind higher in a range.

Based on NVDA’s options open interest, the expected range for next week (through Sep 5) is mostly $170–190, with a core band of $175–185.

Key Call Option Strikes:

• $180.0: OI 41,142 (highest), IV 30.16%

• $185.0: OI 57,532 (next highest), IV 29.23%

• $190.0: OI 45,773, IV 30.06%

• $175.0: OI 12,555, IV 31.53%

Key Put Option Strikes:

• $180.0: OI 24,069 (highest), IV 29.83%

• $175.0: OI 28,447 (next highest), IV 31.31%

• $170.0: OI 26,131, IV 34.41%

• $165.0: OI 17,428, IV 39.14%

Call-side resistance is still dominated by institutional call spread strategies. After earnings, institutions keep rolling spreads in the $185–195 zone—selling the $185 call ($NVDA 20250905 185.0 CALL$ ) and buying the $195 call ($NVDA 20250905 195.0 CALL$ ), implying the stock is unlikely to break above $185.

Further out, there’s some ambiguity about a year-end move above $200, and some $200 sell calls expiring next year are likely covered calls.

On the put side, institutions are also active, providing support for next week by buying $NVDA 20250905 177.5 PUT$  and selling $NVDA 20250905 172.5 PUT$ , suggesting price could dip below $177.5$ but not much further than $172.5$.

Worth noting: despite solid earnings, there are still some extreme bets on $100 strike puts—macro policy could be the biggest risk in September.

Trading strategy for next week is much the same as this week:
Sell puts if price dips to $175–177$, and sell calls if price rallies above $180$.

$Tesla Motors(TSLA)$

Implied volatility points to a $316–363$ range next week, while open interest suggests a practical range of $320–350$.

Put OI is concentrated around $320–330$—if $TSLA$ drops to $320$, expect put sellers to cover and provide support.

Call OI is clustered at $340–350$, creating short-term resistance.

Institutions are running call spreads, selling $355$ and $357.5$ calls, hedged by buying $372.5$ and $382.5$ calls. A breakout above $350$ can’t be ruled out—prefer buying the dips in the near term.