NVDA 2 The????NASDAQ:NVDA
Outlook - -GEX and -DEX but +OI This week. NASDAQ:NVDA ’s price action will likely hinge on broader
market sentiment rather than company-specific releases, given no major NVIDIA events are slated.
Weekly -- 2nd consecutive down week with increasing volume
Daily -- Downtrend to next HVL under 106 possible
Hourly -- Consolidating at support zone
10m -- Consolidating
Bias -Monitoring U.S. trade policy updates and technical levels for short-term direction.
Volatility remains high, so caution is warranted.
Pivot - 109.65
Upside Targets:
* 111.47--112.91--113.66--115.01
Downside Targets:
* 109.62--108.45--105.05--104.34
Optionsstrategies
BTC Volatility Play: Compression, Fib Confluence & 48% IV OptionBTCUSD | Volatility Compression Meets Macro Catalyst: Options & Technical Thesis
Chart: BTC/USD 1M (BITSTAMP)
Bitcoin is currently consolidating below all-time highs after touching the $95K level. The monthly candle structure shows the first significant pause in momentum, with price now holding around the $82,000–$84,000 range. This area represents a confluence of prior resistance-turned-support, Fib retracement zones, and the VWAP session level (~$84,910).
Technically, the long-term ascending broadening wedge remains intact. MACD is extended but positive, while RSI has cooled to approximately 62. The structure supports the thesis of short-term rebalancing before a potential continuation or breakdown. Volatility compression is evident.
Options Market Context | BTC1! (May 30, 2025 Expiry)
Implied Volatility (IV): 48.1% across strikes
Underlying Spot Price: $82,978
ATM Strike: $84,500
Theta: ~ -52 per leg (high decay environment)
Delta Cluster: Calls around 0.53–0.59, Puts around -0.41 to -0.47
Despite BTC's recent move and upcoming halving-related volatility potential, the options market is pricing in moderate movement, not extreme. This opens the door for straddles, strangles, and gamma-based strategies if volatility expands or price breaks out of range.
Breakeven Analysis: BTC Straddles (May 30, 2025)
The table below illustrates the breakeven zones and required directional moves for various straddle positions, based on total premium (call + put).
Strike Total Premium ($) Upper Breakeven ($) Lower Breakeven ($) % Move Up % Move Down
82,500 13,468 95,968 69,032 15.65% 16.81%
83,000 13,454 96,454 69,546 16.24% 16.19%
84,000 13,488 97,488 70,512 17.45% 15.04%
84,500 13,546 98,046 70,954 18.16% 14.48%
85,000 13,607 98,607 71,393 18.87% 13.97%
Interpretation:
The FWB:83K –$84.5K strikes offer the most balanced convexity. The average breakeven range requires BTC to move approximately 15%–18% in either direction by expiration to achieve profitability.
Strategy Considerations
1. Long Straddle at ATM ($84,500):
Total cost: ~$13,546
Profit potential if BTC > GETTEX:98K or < $70.9K
Ideal for traders anticipating a significant move in either direction
Vega + gamma rich; best for breakout environments
2. Directional Option Play:
Long Call at $85,000 (~$6,538) for a lower-cost breakout bet
Long Put at $82,500 (~$5,713) to lean bearish
Scaled exposure possible for either side, depending on directional bias
3. Advanced Structures (Neutral Thesis):
Short Straddle or Iron Butterfly at $84,500 to harvest premium
High decay potential, but vulnerable to directional expansion
Only suitable if anticipating range-bound behavior near-term
Final Thoughts
Bitcoin is entering a historically volatile phase post-halving with price compressing below all-time highs and implied volatility sitting at moderate levels. This convergence of technical consolidation and underpriced volatility creates a strong environment for defined-risk, high-reward trades.
Whether you favor directional breakouts or volatility-based strategies, the current setup offers clear levels, manageable risk, and strong reward-to-risk symmetry.
Chart source: BTCUSD Monthly (BITSTAMP)
Options source: CME BTC Options (May 30, 2025)
NZDUSD --> Consolidation in the adjustment phaseOANDA:NZDUSD a localized correction phase is forming within the underlying upward trend. The dollar has strengthened and consolidated throughout the past week, which generally creates pressure on the forex market.
After breaking through resistance levels, coinciding with the slowdown of the sharply declining dollar, entering a correction phase. Locally, this represents a downward trend, followed by consolidation, generally resembling a flag pattern - an image of continued movement. Nearby strong resistance levels are being closely monitored. The dollar may continue to grow due to US policy, generally having a negative impact on the market. Price breakout from the current consolidation phase could be accompanied by strong momentum. Focus remains on 0.575 - 0.571.
From a technical perspective, after stopping at 0.571, the price is not retreating but rather forming a consolidation on the foundation of a local downward trend. It's highly likely that a major player will lure the crowd to an imbalanced zone or support the trend at their expense.
NVDA Silicon Slippage: The Bearish Case for NVDA in 5 ContractsNVDA Bearish Options Thesis — “AI’s Reality Check”
A $500 Bet Against Hype, Headwinds, and a Tired Rally
Underlying: NVIDIA (NVDA)
Current Price: $109.67
Strategy: Buy 5x $90 PUTs expiring May 2, 2025 @ $1.00
Total Cost (Risk): $500
Breakeven: $89.00
Max Value at Expiry: $45,000 (if NVDA → $0)
Target Zone: $85–$95
Risk/Reward Profile: Asymmetric 1:9+
🧠 Thesis Summary: Why NVDA Could Drop
NVIDIA, the undisputed champion of the AI GPU race, now finds itself under increasing pressure from macro forces, competition, and sentiment. This trade capitalizes on a short-term reversal thesis into earnings season and macro repricing.
🚨 Key Catalysts for Downside:
🧬 1. AI Hype Fatigue
The market is cooling on generative AI names after 12+ months of hype.
Investor sentiment is shifting toward monetization over narrative — which hits NVDA’s high-multiple story.
💥 2. DeepSeek & Chinese Competition
The emergence of DeepSeek (a competitive LLM) raises the risk of a hardware shift in the East.
China accelerating self-sufficiency in chips = reduced NVDA demand.
📉 3. Macro Headwinds & Tariffs
Renewed trade war tensions threaten advanced chip exports.
Tariffs and tighter regulations = real demand compression for NVDA’s top-line growth.
📊 4. Technical Breakdown Confirmed
Weekly close below Fib 0.382 ($109.44) — now resistance.
RSI at 41.44 — weak and trending down.
Below VWAP ($113.65), signaling momentum shift.
"NVIDIA isn't breaking down because it's bad — it's breaking down because the market is waking up."
💰 Trade Breakdown: 5x $90 PUTs @ $1.00 (May 2, 2025)
Metric Value
Contracts 5
Cost per Contract $100
Total Premium $500
Breakeven $89.00
Max Gain $45,000
Max Loss $500 (premium only)
📊 P&L Scenarios (5 Contracts)
NVDA Price Drop % Intrinsic Value Total Payout Net Profit ROI (%)
$100 -8.8% $0.00 $0 -$500 -100%
$95 -13.4% $0.00 $0 -$500 -100%
$90 -17.9% $0.00 $0 -$500 -100%
$85 -22.5% $5.00 $2,500 $2,000 400%
$82.70 -24.6% $7.30 $3,650 $3,150 630%
$80 -27.1% $10.00 $5,000 $4,500 900%
🧮 Technical Levels to Watch
Level Price Notes
VWAP $113.65 Rejected
0.382 Fib $109.44 Just breached
0.5 Fib $96.07 Strong support
0.618 Fib $82.70 Bearish target
RSI 41.44 Weak momentum
✅ Summary
Factor Insight
Total Spent $500 (5x $90 PUTs @ $1.00)
Breakeven $89.00
Risk Fully capped at $500
Potential Return Up to $4,500 (900%) if NVDA → $80
Catalyst Market re-rating AI, earnings unknowns, regulatory clouds
Trade Horizon 33 days — high velocity post-breakdown possible
Tesla's Tipping Point: The $662 Bet That Could Return $12K TSLA bearish play thesis focused on buying 2 contracts of the $190 PUT (May 2, 2025) at $3.31 each. This version scales up all profit/loss values and ROI calculations to reflect a 2-contract position (i.e., 200 shares total).
🧠 TSLA Bearish Earnings Thesis – 2 Contract Play
Earnings Date: April 28, 2025
Option Expiration: May 2, 2025
Strategy: Buy 2x TSLA $190 PUTs @ $3.31
Total Cost (Premium Paid): $662 ($3.31 × 100 × 2)
Breakeven: $186.69
Thesis: Multiple Converging Catalysts Suggest Sharp Downside Risk
Tesla is facing a perfect storm of fundamental, technical, and sentiment-driven challenges. These create a highly asymmetric opportunity for short-dated PUT buyers heading into earnings.
⚠️ 1. Earnings Risk – Underperformance Expected
Delivery Misses: Q1 delivery numbers fell short of analyst expectations. Slower ramp in key markets like China and Europe due to economic slowdowns.
Margin Compression: Aggressive price cuts to maintain volume are eating into margins. Expectations for gross margin contraction YoY are high.
Disrupted Guidance: Potential downside revision to full-year forecasts as competition heats up (BYD, Ford, Rivian, etc.).
❝ Street is pricing in perfection. Any earnings or margin disappointment could send shares sharply lower. ❞
🧨 2. Brand Boycotts & Political Fallout
Public Backlash: Tesla faces intensifying boycott pressure in parts of Europe and the U.S. due to Elon Musk's political affiliations and controversial stances.
Brand Dilution: Musk’s polarizing presence has damaged Tesla's once-premium EV image. High-income, eco-conscious buyers are switching brands.
Retail Sentiment Shift: Reddit, X (formerly Twitter), and retail forums show sharp decline in "diamond hand" loyalty.
❝ Tesla’s brand equity is eroding. Negative sentiment is now a structural overhang. ❞
🔺 3. Headline Volatility – The “Musk Premium” Now a Liability
SEC & DOJ Scrutiny: Multiple ongoing investigations. Any bad headline can crash the stock.
X (Twitter) Overhang: Distraction and capital risk tied to Musk’s ownership of X are ongoing market concerns.
AI Pivot Uncertainty: Musk’s recent AI pushes have created confusion about Tesla’s core vision, with no clear monetization path.
❝ Musk headlines, once a tailwind, are now a systemic volatility trigger. ❞
📊 Modeled P&L for 2 Contracts
TSLA Price on May 2 % Drop Option Value per Contract Total Value (x2) Net Profit ROI (%)
$220 -16.5% $30.00 $6,000 $5,338 806%
$210 -20.3% $40.00 $8,000 $7,338 1,108%
$200 -24.1% $50.00 $10,000 $9,338 1,410%
$190 -27.9% $60.00 $12,000 $11,338 1,712%
$186.69 (Breakeven) -29.2% $63.31 $12,662 $12,000 1,812%
$263.55 (No drop) 0% $0.00 $0 - $662 -100%
💡 Strategy Recap – 2 Contract Position
Metric Value
Strike $190 PUT
Contracts 2
Premium $3.31 × 100 × 2 = $662
Breakeven $186.69
Max Risk $662
Max Reward $12,662
Reward/Risk Ratio ~19:1
✅ Final Thesis (2 Contracts)
"With $662 risked, a move to $200–$210 can yield ~$8,000. A move to $190 or below offers potential returns of over $11,000, making this a powerful short-term asymmetric play post-earnings. While risky, it’s tightly capped with a clearly defined thesis."
Opening (IRA): TGT April 17th -108C/October 17th 75C LCD*... for a 30.05 debit.
Comments: At or near a 52-week low. Buying the back month 90 delta and selling the front month strike that pays for all of the extrinsic in the long. (The 75C is shown at the 100 strike so that it fits on the chart).
Metrics:
Buying Power Effect: 30.05
Break Even: 105.05
Max Profit: 2.95
ROC at Max: 9.82%
50% Max: 1.48
ROC at 50% Max: 4.91%
Will generally look to take profit at 50% max and/or roll the short call at 50% max to lower my downside break even.
* -- Long Call Diagonal.
HUMA Humacyte Options Ahead of EarningsIf you haven`t bought HUMA before the previous rally:
Now analyzing the options chain and the chart patterns of HUMA Humacyte prior to the earnings report this week,
I would consider purchasing the 2.5usd strike price Puts with
an expiration date of 2025-4-17,
for a premium of approximately $0.62.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
03/24 SPX Weekly GEX Outlook, Options FlowYou can see that every expiry has shifted into a stronger bullish stance heading into Friday, with GEX exposure moving upward across the board—though total net GEX is still in negative territory, while net DEX (delta exposure) is positive. This combination points toward a likely near-term rebound this week, which makes sense after testing the 5600 range last week….
Here’s a more detailed breakdown of the key zones and likely moves this week:
Bullish Target:
The current uptrend could reach 5750 on its first attempt (already reached in Monday, thx bullsh :) ). If a positive gamma squeeze emerges at that level, we might see an extension to 5800 or even 5850 as a final profit-taking zone for bulls this week.
HVL (Gamma Slip Zone):
Placed at 5680, this threshold currently supports a low-volatility environment. A drop below 5680, however, could reignite fear and fuel bearish momentum.
Put Floors & Net OI:
The largest net negative open interest (OI) cluster is at 5650, with the next key level near 5600. At 5600, net DEX reads fully positive, suggesting strong buying support if the market tests that lower boundary.
Opening (IRA): TQQQ May 16th 51 Covered Call... for a 48.05 credit.
Comments: Adding at a strike better than what I currently have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 48.05
Max Profit: 2.95
ROC at Max: 6.14%
50% Max: 1.48%
ROC at 50% Max: 3.07%
Will generally look to take profit at 50% max, add at intervals if I can get in at strikes better than what I currently have on, and/or roll out short call at 50% max.
Opening (IRA): IBIT May 16th 37 Covered Call... for a 35.79 debit.
Comments: Laddering out a smidge here, selling the -84 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 35.79
Max Profit: 1.21
ROC at Max: 3.38%
50% Max: .62
ROC at 50% Max: 1.69%
Will generally look to take profit at 50% max, add at intervals assuming I can get in at strikes/break evens better than what I currently have on, and/or roll out short call if my take profit is not hit.
Opening (IRA): USO April 17th 68 Covered Call... for a 66.58 debit.
Comments: With /CL dropping sub-70/bbl., putting on a starter position in USO, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 66.58/share
Max Profit: 1.42
ROC at Max: 2.13%
50% Max: .71
ROC at 50% Max: 1.07%
Will generally look to take profit at 50% max, add at intervals if I can get in at strikes/break evens better than what I currently have on, and/or roll out short call if my take profit is not hit.
Opening (IRA): XBI Sept 19th 60C/April 17th -90C LCD*... for a 26.68 debit.
Comments: Taking a bullish assumption directional shot near 52 week lows, buying the 90 delta back month and selling a front month that pays for all the extrinsic in the long, resulting in a break even that is at or below where the underlying is currently trading. The 60 long call is shown at 80 so that it fits on the chart ... .
Metrics:
Buying Power Effect: 26.68
Break Even: 86.88
Max Profit: 3.32
ROC at Max: 12.44%
50% Max: 1.66
ROC at 50% Max: 6.22%
Delta/Theta: 53.79/3.51
Will generally look to take profit on the setup as a unit at 50% max and/or roll out the short call at 50% max to reduce cost basis/downside break even.
* -- Long Call Diagonal
Opening (IRA): XRT April 17th 70/Sept 19th 50 LCD*... for a 17.57 debit.
Comments: And back into XRT, which is at/near 52 week lows with a long call diagaonl/Poor Man's Covered Call, buying the back month 90 and selling the front month that pays for all the extrinsic in the long.
Metrics:
Buying Power Effect: 17.57
Break Even: 67.57
Max Profit: 2.43
ROC at Max: 13.83%
50% Max: 1.22
ROC at 50% Max: 6.92%
Will generally look to take profit on the setup as a unit at 50% max and/or roll out the short call when it is at 50% max.
Opening (IRA): SPXL April 17th 148/October 17th 85 LCD*... for a 56.84 debit.
Comments: Looking to be a little bit more buying power efficient here ... . Buying the back month 90 delta and selling the front month that pays for all the extrinsic of the long.
Metrics:
Buying Power Effect: 56.84
Break Even: 141.84
Max Profit: 6.16
ROC at Max: 10.84%
50% Max: 3.08
ROC at 50% Max: 5.42%
Will generally look to take profit on the setup as a unit at 50% max, roll short call out at 50% max.
* -- Long Call Diagonal.
Nifty Trading Stratgey for Option PlayersNifty Trading Strategy for the Week Ahead 📝✅
Nifty has recovered strongly from the 22,700–22,800 zone up to around 23,350. Momentum on the 1H chart is still pointing upward (higher highs and higher lows since early March).
Max Pain: ⚠
The current Max Pain appears around 23,200–23,300.
Price (≈23,350) is slightly above Max Pain. Often, option sellers benefit if the index settles near the Max Pain level by expiry; however, in a strong uptrend, price can remain above it.
Open Interest (OI) & Change in OI:📊
Significant Put OI (and additions) around 23,200 and 23,000. This often implies a support zone.
Noticeable Call OI at or above 23,500, which could act as a short-term resistance if price approaches that region.
Put–Call Ratio (PCR): 📈📉
PCR is around 1.05–1.10, suggesting mildly bullish sentiment.
A PCR > 1 usually means more puts are being sold or more call positions are being closed, implying the market is not aggressively bearish. However, an extremely high PCR can also hint at an overbought market, so it’s good to be cautious.
2. Possible Strategy 🧠
Given the uptrend and the supportive OI near 23,200, a buy-on-dips approach looks reasonable. However, be mindful of the overhead call OI around 23,500.
Entry:💡
Buy (go long) near 23,300–23,280
Rationale: You’re buying close to the short-term support area (23,200–23,250) indicated by strong Put OI and near the Max Pain region.
Target: 🎯
First Target: 23,450–23,500
Rationale: This zone is just below the big Call OI cluster, which could be the first significant resistance. Lock in partial profits here if the market moves up quickly.
2nd Target (if momentum is strong): 23,600 🎯🎯
Only consider holding for a higher target if you see follow-through buying and a breach of 23,500 on good volumes.
Stop Loss: 🔴
Stop Loss: 23,200 (on a closing basis if you are trading intraday to multi-day)
Rationale: A break below 23,200 would indicate that sellers are gaining control and that the put-writers’ support is failing.
Gamma Exposure Analysis SPY & VXX SPY Resistance at 570. The 570 level in SPY likely corresponds to a high gamma concentration for 0DTE (zero days to expiration) options. At this strike, market makers short gamma (i.e., net sellers of options) at this level would dynamically delta-hedge by selling SPY as the price approaches 570, creating selling pressure and resistance. Next resistance level 575.
For VXX , the 48 level likely represents a put-dominated gamma zone: If market makers are net long puts, they would buy VXX as prices decline toward 48 to hedge against further downside, creating support. Next support level 46.50
Opening (IRA): XRT April 17th -71C/Sept 19th 50C LCD*... for a 17.91 debit.
Comments: At or near 52 week lows. Buying the back month 90 delta and selling the front month such that it pays for all the extrinsic in the long, with a resulting break even that is at or below where the underlying is currently trading. The Sept 19th 50C is shown at the 65 strike so that it appears on the chart.
Metrics:
Buying Power Effect: 17.91
Break Even: 67.91
Max Profit: 2.09
ROC at Max: 11.67%
50% Max: 1.05
ROC at 50% Max: 5.83%
Will generally look to take profit at 50% max, roll short call out and/or down and out at 50% max.
* -- Long call diagonal a/k/a a Poor Man's Covered Call.
Opening (IRA): IBIT March 28th 45 Covered Call... for a 43.91 debit.
Comments: Adding, but at lower delta and at strikes better than what I currently have on, selling the -84 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 43.91
Max Profit: 1.09
ROC at Max: 2.48%
50% Max: .55
ROC at 50% Max: 1.24%
Opening (IRA): IBIT April 17th 41 Covered Call... for a 39.93 debit.
Comments: Adding to my position at strikes better than what I currently have on, selling the -84 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 39.93/share
Max Profit: 1.07
ROC at Max: 2.68%
50% Max: .54
ROC at 50% Max: 1.34%
Will generally look to take profit, add at intervals assuming I can get in at strikes/break evens better than what I currently have on, and/or roll out short call if my take profit is not hit.
Gamma Exposure on SPXToday marks the first day in a long time where we can observe some green, bullish levels on gamma exposure. The daily GexView indicator displays thin green lines, which represent the gamma exposure of zero-days-to-expire contracts. The thick lines, on the other hand, represent the total gamma exposure across all expiration contracts. This is a promising first step, especially if these lines persist over the next few days and continue to develop further.
Nifty Data and Trading Strategy for 17 March 2018 NSE:NIFTY Analysis and Trading Strategy
Key Observations:
Nifty Spot Price: 22,397.20
Max Pain: 22,450This suggests that option writers will try to move the market towards this level by expiry.
PCR (Put-Call Ratio): 0.99PCR near 1.0 indicates a balanced market, with no extreme bullish or bearish bias.
A rise above 1.2 suggests bullishness, while a drop below 0.8 suggests bearishness.
OI (Open Interest) Data:Call OI Change: 430.58L (High call writing at resistance levels)
Put OI Change: 369.91L (Put writing suggests strong support)
Total Calls OI: 752.31L vs. Total Puts OI: 745.22L (Almost equal, indicating a neutral stance)
Support and Resistance Levels:
Immediate Resistance: 22,500 (Strong Call Writing)
Immediate Support: 22,300 (Strong Put Writing)
Next Resistance: 22,600
Next Support: 22,200
Trading Plan (March 17, 2025)
Scenario 1: Bullish Setup (Breakout Above 22,450)
Entry: Above 22,450 (Confirm breakout with volume)
Target 1: 22,500
Target 2: 22,600
Stop Loss: 22,350
Reason:If Nifty moves above max pain (22,450), bulls will gain momentum.
PCR indicates a balanced market, but a breakout with volume can trigger further upside.
Scenario 2: Bearish Setup (Breakdown Below 22,350)
Entry: Below 22,350 (Confirm breakdown with volume)
Target 1: 22,300
Target 2: 22,200
Stop Loss: 22,450
Reason:Call writing at 22,500 suggests strong resistance.
Breakdown below 22,350 may lead to further downside towards 22,300 and 22,200.
Final Strategy:
Bias: Neutral to Bullish (Watch for breakout above 22,450)
Intraday Plan:If Nifty opens flat → Wait for breakout/breakdown confirmation
If Nifty opens above 22,450 → Buy on dips
If Nifty opens below 22,350 → Sell on rise
NIO Options Ahead of EarningsIf you haven`t bought NIO before the previous earnings:
Now analyzing the options chain and the chart patterns of NIO prior to the earnings report this week,
I would consider purchasing the 6usd strike price Calls with
an expiration date of 2025-6-20,
for a premium of approximately $0.47.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.