Market Begins Hedging Month-End Risks
From a market perspective, hitting $200 next week might be slightly challenging. The October 17th expiry $200 calls were mostly sold.$NVDA 20251017 200.0 CALL$
However, it's hard to say for sure. Progress in the AI industry often surprises, so a short squeeze isn't out of the question. It really depends on next week's open interest increase.
Additionally, the market is hedging against potential risks (refer to today's news about Qualcomm's antitrust case), for example, by buying the November 7th $180 puts$NVDA 20251107 180.0 PUT$
and selling the $160 puts$NVDA 20251107 160.0 PUT$
Personally, I think instead of buying puts for hedging, it might be better to reduce some leverage and prepare cash to buy the dip if a drop actually occurs.
AMD might pull back to $200. Selling puts could target this level.$AMD 20251017 200.0 PUT$
On the other hand, there's speculative call buying betting the stock rises above $260 but below $320 by November:
Buy $AMD 20251121 260.0 CALL$
Sell $AMD 20251121 320.0 CALL$ x2 quantity
Tesla is likely to trade sideways recently. Probably Musk is busy raising investments everywhere and has no mind to compete for the top spot in the stock market.
Institutions are rolling long calls from the November $455$TSLA 20251121 455.0 CALL$
to the December $455$TSLA 20251219 455.0 CALL$ .
The strike price remains unchanged, just extending the duration.
Additionally, there's a large bearish order betting the stock falls to $420$TSLA 20251024 420.0 PUT$
It's still the very familiar wash-trading method. Friends who haven't bought in yet, no need to rush; there might be a chance to pull back to $140 next week.
Institutions executed a range strategy for the October 17th expiry:$CRWV 20251017 138.0 PUT$ $CRWV 20251017 157.5 CALL$
The trade timing is particularly noteworthy.
Institutions opened two large call orders:$SPY 20251219 700.0 CALL$ and $SPY 20251231 690.0 CALL$ .
The direction of both large orders is unclear because they were privately negotiated between institutions and then disclosed publicly.
However, the entry price and timing are also informative, suggesting SPY has a chance to reach $700 this year.
Put buying continues to show pessimism, which can be interpreted as the market hedging risks around the end-of-month APEC meeting in Korea, for example by buying puts like$SPY 20260116 640.0 PUT$ .
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- Kennyhee·2025-10-10Wow the 420 put is very accurate, the buyer sure make alotLikeReport
