Hynix Stabilizes
The stock price is currently moving toward the 200–210 center of gravity. You can continue to consider the Sell Call $NVDA 20260911 230.0 CALL$ and Sell Put $NVDA 20260911 200.0 PUT$ strategies.
Yesterday, EWY had a 20,000-contract Sell Put block trade on the 155 Put $EWY 20261120 155.0 PUT$, which translates to roughly 140 for Hynix $SKHY 20260911 140.0 PUT$. Based on the opening activity, the stock should close above 150 this week. Even if it doesn't rally, not falling is also a sign of strength.
I have to say, Intel is a master at shaking out investors — it can never hold above 90. This has accumulated a pile of 90 Sell Calls, making it highly susceptible to a short squeeze. Of course, it's also possible shareholders are doing extreme Covered Calls. The stock is expected to oscillate between 80 and 95 going forward — consider the Sell Put at 80 $INTC 20260911 80.0 PUT$.
MSTR's open interest is mediocre — it doesn't feel as representative as IBIT. In any case, Bitcoin and gold are currently tied together in this cycle. Compared to Sell Puts, Sell Calls are more suitable right now, since the long call combo positions at 45–57 have already been closed. Strikes above 140 can be considered $MSTR 20260911 140.0 CALL$.
But be mindful of hedging — Friday's nonfarm payrolls data is extremely difficult to predict, and it's not out of the question that shorts build up from Monday to Thursday only to get squeezed on Friday. Of course, given Trump's preference for rate cuts, the data may come in weak.
Considering that a September 18 rate hike would trigger a crash and no rate hike would trigger a surge, someone opened a straddle strategy: $GLD 20260930 407.0 CALL$ $GLD 20260930 406.0 PUT$.
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