$Broadcom(AVGO)$
AVGO’s earnings are a major catalyst for the AI chip sector, but with the data largely in line with expectations, both the AI chip names and $AVGO$ are likely to maintain their pre-earnings trend.
The results will definitely be solid—AI business growth for FY2025 should top 60%, and based on current data, the street is likely underestimating 2026 numbers.
But just like NVIDIA, all this growth is already priced in, so the stock’s post-earnings action will probably mirror what we saw with $NVDA$.
Expect $AVGO$ to trade in a narrow range of $287.5–312.5$ after the report, but there are some medium-term put buyers targeting the $250 “bottom-fishing” level.
From a long-term perspective, if there’s a sharp selloff this month, $AVGO$ is definitely worth bottom-fishing. For put-selling, look at strikes below $280$—for example, $AVGO 20250905 280.0 PUT$ .
$NVIDIA(NVDA)$
Closed this week in the $165–175$ range, most likely to settle around $170$. If nothing unexpected happens, triple witching on September 19 should also see a close near $170$.
If there’s a surprise and the stock tests $140$, consider a covered call plus protective put strategy if you’re long the shares.
Right now, there haven’t been any major at-the-money put buys—most hedges are focused on the $140$ level. No big reason to load up on puts while $NVDA$ is just chopping around $170$.
But if $NVDA$ actually drops to $140$, most other stocks would probably be down 50% or more.
$Tesla Motors(TSLA)$
Continues to trade in a tight range this week, closing between $330–340$.
$SPDR S&P 500 ETF Trust(SPY)$
Non-farm payrolls are out tomorrow. Honestly, after the downward revisions in May and June, any prediction feels like a bit of a joke. Judging by Powell’s last comments, there should be a rate cut this month.
But starting next week, the risk of $SPY$ falling below $620$ rises. Watch for potential sharp drops in the weeks of September 12 and September 19.
$Alphabet(GOOGL)$ / $Alphabet(GOOG)$
There were two notable long call roll trades on Wednesday.
The first was a short-term roll: rolling September $210$ calls into November $240$ calls ($GOOGL 20251121 240.0 CALL$ ), with 57,000 contracts opened. Institutions are clearly bullish, and the choice of deep OTM strikes is rare.
The second was a long-term bullish roll: rolling January 2026 $240$ calls into January 2027 $360$ calls ($GOOGL 20270115 360.0 CALL$ ), with 12,800 contracts opened. Looks like there’s big upside expected for Google next year.
Near-term, watch for a pullback toward $220$—selling options in the $220–235$ strike range could be a good double short play.
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