MM pump SPY index
Pumped up index using apple, nvda, amazon, Microsoft, but they are reaching resistance, amazon seems to want 102 which it is very close to and apple seems to be peaking at 165 resistance. NVDA looks like it will easily rug pull, believe Nvda would currently be lower if there was not interest in pumping the index which nvda is part of.
Current price 412.8
Price Target EOD: 408-410
In 412 puts 0dte and 413 for 1dte
Current price 412.8
Price Target EOD: 408-410
In 412 puts 0dte and 413 for 1dte
Note
Market makers making a strong push for Amazon 102 strike. I assume that with such a large option spread for Friday, 80 p and 102 c the market makers need to short calls on Amazon to lower exposure to downside movement. If Amazon tanks down then owners of puts will benefit if it were to break 100 strikes. I assume they balance this out and tank amazon by todays close because theta is burnt and market makers typically cover the day before expiration for risk exposure purposes.
Note
Wouldn't be surprised if they tank spy by MASS shorting 165 strike calls on apple. More likely 160 strike and walk the price level from 165 to 160 and cover for $ 500 per contract in intrinsic value alone not to mention the momentum theta that built up from the pump and high projections.Note
Time 18:10 Apple pop up volume, is this when MM short 160 c Current Apple price 165.2 165 c is officially at the money meaning 160 is at max theta value
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