To The Moon

$Tesla Motors(TSLA)$

Tesla ripped to $426$ at the open, then pulled back. Why? Because institutions were once again forced to cover massive sell call positions.

On Friday, the biggest bearish call spread was in the $405$ ($TSLA 20250919 405.0 CALL$ ) to $425$ ($TSLA 20250919 425.0 CALL$ ) range—expectation was for the stock to stay below $405$, with hedges buying the $425$ call. Other ranges are shown in blue on the chart; you can pair lows and highs yourself. Bottom line: just as predicted last week, we got a relentless squeeze from $392.5$ all the way to $425$.

Most likely, we’ll see another round of rolling at the open: institutions will close in-the-money $395–415$ spreads, and shift the upper bearish call spread range to $432.5$ ($TSLA 20250919 432.5 CALL$ ) to $452.5$ ($TSLA 20250919 452.5 CALL$ ), targeting a cap at $432.5$ with a $452.5$ hedge.

Honestly, it feels like Oracle’s headline last week lit a fire under Elon Musk’s competitive spirit. Anyone who knows Musk knows he loves two things most: starting companies and being #1 on any leaderboard.

That’s why I don’t think this Tesla run stops at $420$. Look to buy on any meaningful pullback.

$Direxion Daily TSLA Bull 2X Shares(TSLL)$

Tesla’s 2x leveraged ETF saw a massive bullish order: 8,000 contracts of the $TSLL 20251219 30.0 CALL$  expiring in December. The filter tags it as a sell, but my own read (after analyzing the spread) leans more toward a buy—interpret as you will.

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

$SPY$ options are tilted toward a pullback this week, which makes sense with triple witching ahead. Expect a range of $645–660$; by the time this goes out, we should be in a dip.

Still, nobody expected Oracle to save the market from a breakdown last week, and now Tesla’s taking the baton. Who knows, maybe Musk will wait until after triple witching to really push it, giving market makers a break.

$NVIDIA(NVDA)$

No real suspense for this week’s close—should settle between $170–180$.

Call spreads are being sold at $182.5$ ($NVDA 20250919 182.5 CALL$ ), hedged with buys at $190$ ($NVDA 20250919 190.0 CALL$ ). Other similar spreads are in the $182.5–192.5$ and $180–185$ ranges—see the blue areas on the chart.

On the bearish side, there’s a big put spread: buying $177.5$ ($NVDA 20250919 177.5 PUT$ ), selling $165$ ($NVDA 20250919 165 PUT$ ). The trade is bearish below $177.5$, but not expecting a break below $165$, in line with weekly volatility expectations.

Looking out to October, still possible for $NVDA$ to close above $170$.

$Oracle(ORCL)$

Awkwardly, Oracle’s rally feels overdone, almost as if the market is refusing to price in the earnings beat.

There’s a massive, deep in-the-money sell call: 8,000 contracts of the $ORCL 20251017 230.0 CALL$  sold for $53.24 million. Normally, I’d treat this as a synthetic short, but based on option flow, there are people who genuinely think $ORCL$ is heading back to $240$.

A pullback to $280$ is possible in the next couple weeks. If you’re long shares, look at covered call strategies; for sell calls, focus on strikes above $320$ ($ORCL 20250919 320.0 CALL$ ).

$CoreWeave, Inc.(CRWV)$

With Oracle’s results in mind, institutions started building new positions in $CRWV$ during last Friday’s broad market pullback.

Key bullish trades: a combo of sell puts and buy calls, specifically buying the $CRWV 20251031 130.0 CALL$  and selling the $CRWV 20251031 105.0 PUT$ , both with 12,000 contracts opened. This is similar to a stock + long call strategy, but using a sell put as a synthetic “floor” to avoid chop decay—if you just hold stock + call during a flat market, you bleed, but with a sell put underneath, you don’t.

There’s also a pure call buy: $CRWV 20260918 130.0 CALL$ , 7,370 contracts, nearly $20 million notional.

If you’re worried about theta decay, you can copy the previous combo and sell short-term puts as a hedge.

One thing’s for sure: CRWV’s implied volatility is rich, with 8% intraday moves even outside earnings. But unless you’re a pure short, just selling volatility isn’t attractive here. For high-potential growth stocks like this, holding equity or using light leverage best fits the risk/reward profile.