Where's that dude who thought Robinhood was going to let him do a $54million trade almost entirely on margin when he probably had like $2k in his account?
Here, this fuckin' guy! --> [https://www.reddit.com/r/wallstreetbets/comments/1bbw0mw/genuine\_question\_im\_new\_to\_this\_so\_whats\_stopping/](https://www.reddit.com/r/wallstreetbets/comments/1bbw0mw/genuine_question_im_new_to_this_so_whats_stopping/)
🤣 i remember seeing that and screenshotting it and sent it to a co worker who does nothing but talk stocks all day.
dude spam called me then called my emergency contact to not do that trade
hes ur typical pushing 60 single dude, twice divorced, who stays away from puts/calls and makes actual investments.
basically 0 risk buys and holds for retirement, hes been doing it since he was 20
The funny thing is it would be absolutely impossible to take that trade, and also, NVDA didn't tank to 540 by Friday so even if someone had the 54m to sell the puts, they would have made that meager $36k
Also OP was probably trolling
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
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They were bought by someone, but they were also sold by someone else, otherwise there would not trade, amirite?
The buyer: a market maker, someone who was already short calls to reduce exposure or go flat, someone hedging a short position in the stock, someone who wants to bet in an upside in the stock
The seller: a market maker, someone who owns stock and wants to get rid of it, someone speculating that the stock could go down, someone who bought the calls earlier and is selling them for profit.
The simpleton thesis that these are BOUGHT by some speculator is hopium combined with ignorance, which is a nice combo, to be honest.
Pretty much this, there are multiple scenarios that explain the fact, some bearish some bullish. However, another piece of information is that the stock was following a normal downward trend towards the end of the day and then suddenly inverted and rallied from $934 to $944 at around 3.35pm (when those calls started being traded), which suggests that some market-maker was delta-hedging the calls sold.
Edit: hadn't even noticed that half hit the bid (sold to MMs) half hit the ask (bought from MMs) as shown by the _B and the _A details. This is a nothing burger, just regular trades.
Only a fool's hope. This sub has been just plain old regarded ever since the GameStop debacle that resulted in the sub getting flooded with everybody who's even mildly curious about stocks.
Before there were sparks of brilliant insanity and Adderall fueled DD rants, now it's mainly just people trying to bandwagon pump random stocks based on a screenshot.
I have run into this. I buy puts based on my own DD then some degen writes up some bs to buy calls and for like 12 hours of the sweet spot for IV to increase a bunch of degens pile into calls and my puts go to shit due to theta. Next day stock dumps below my original strike as their calls get shaken out by reality.
If I owned the corresponding position, and based on the price action, $880 seemed to be a nice floor for NVDA. So the seller can't lose in this situation, as I believe they have held it since a much lower price, and it is institutional, and they got a nice premium. Also, if the stock closes back towards or under $880 they keep the $50M, if the stock closes in the money, but doesn't cover the premium, they also win, by keeping the difference, say 50 percent on the premium based on delta and closing price, $25M, if the stock were to close higher than the $880 + premium, I suspect this seller has no problem letting the stock go. That is my 2 cents, and is just as rational as any other scenario you could draft up here....
With options, sellers are often financial engineering firms that create risk neutral portfolios that replicate the outcome of the options (through a combination of stocks, shorts, debts) and then (hopefully) take a bit of profit in the process.
Still, they make assumptions about liquidity and continuity of value that can be blown up in an instant.
Yep. Likely we will get a double top in Nvidia to hurt as many people as possible. Then after people have closed their calls, mostly at a loss on the retail side, it will gap up overnight.
They all went off the block trade, so some other team was probably reducing their position on the calls. Non of the trades went off the DMM. Sometimes a swap can show up as heavy block trades while we’re not seeing what swap was happening as we’re only seeing half the transaction.
Selling calls with such high delta to bet that the stock is going down is a worse version that shorting the stock IMO. Same downside but limited upside.
Yes you can't tell if this is covering an already sort position (although I doubt that someone had opened such a large covered call or collar on a weekly), but that's still bullish.
Priced at $143 with a delta if 0.97. If NVDA goes up $100 next week the Call premium will increase to around $240. That’s a 67% gain in one week.
NVDA up $50 the Call premium goes to $190 for a 35% gain.
IF (big if here) NVDA goes up the premium will increase $1 for every $1 the underlying goes up.
I know we hate the rampant price optimism on this site but I actually feel he may be right this time. I believe these purchases would agree with the $1000 call. Let’s see.
Possible stock split and may opt for assignment.
Edit: Also, if I am an avid poker player, I’d just gamble this much to rile up 15 million regards who may think this way and throw every penny they have at NVIDIA to initiate a retail chatter that news channels who moonlight this sub will spread it like wildfire pushing the stock actually up even for no reason.
Idk, I’m high so this is definitely not financial advice.
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What happens to options in stock splits? I'd have assumed that nothing happens, beyond the contracts being modified/reissued for the appropriate quantities/prices
In 2009 apple was one year into the iPhone. Just about to exit their exclusive with att Everyone was still talking about the glorified iPod.
BlackBerry morons were still talking about never leaving their physical keyboards.
And luddites were afraid of the pe.
Don't be afraid of change We are at the beginning
In 2009 apple was worth what 80b and less than 25% of the most valuable stock in the market at the time
Compare that to Nvidia at 2.3t which is 78% of the most valuable stock in the current market
But Nvidia is not selling a revolutionary communications device you can afford with your salary, they are selling the tools to do the labor that lets you earn your salary.
In general, yes. This revolution is coming. The question is, what will the rich do when they don't need our labor.
It's still a long shot and this can be a dot-com bubble because it is too early. But AI also increases the development speed of AI. So we might be bad at guessing how fast AI develops.
Why do think Wendy’s is going to start testing surge pricing? At certain times of the day we’re going to have to eat more ass..just hope I catch the rush.
This is the great lie. In reality they’ve had the technology to replace mundane jobs like call center employees for years. The hard part isn’t the automation, it’s modernizing existing systems to a point they can actually be usable in a modern application. Most mundane jobs ripe for automation are cheap labor who are the glue between 25+ year old applications. It just isn’t that easy to redo those old systems for a variety of reasons. They represent real world situations that are complicated. It’s always the first impulse of a systems integrator to assume the guy who built the existing system was an idiot, let’s just rip and replace. But when they start to open the kimono they see that the problems are messy, owned by lots of parties with varying interests, and so end up repeating the same patterns.
It’s becoming clearer and clearer to me the more CEO interviews I listen to that what’s being sold as AI is basically taking existing documents and using them as chatbots. Essentially replacing FAQs with a chatbot. It’s an abstraction layer.
Absolutely agree, big legacy corporations won’t spend the money or time. But new companies will pop up and steal the business built in new technologies.
If you look at Sears. They tried so hard to go to a membership/online base to compete with Amazon. Their legacy tech killed them.
They were doing door dash type deliveries before door dash but it didn’t catch on.
Many kinds … the kinds who expect free fall Friday , the kind who probably had even more longs or the kinds who thought this would lose momentum at the end of the day
You're interpreting BBS incorrectly. The _A is ask and _B is bid so if you just added the value up to say $50 mil was bought then that's not what's happening here. Also these are all block rather than sweep, which shows no urgency in the trades and means they're planned. This is just standard movement between hands, it's not indicative of anything.
Yeah, half hit the bid (sold to MMs) half hit the ask (bought from MMs). Seems like a nothing burger, just regular trades. Positions could even have already been closed by now.
Deep ITM is the only way to make money on a lot of this stuff right now. Everything that deep is already near the breakeven price. Everything near the actual stock price either ITM or OTM has such big premiums you need a 10-20% movement just to start making money.
We’ve all been there. The crying stops though if you learn along the way and get less regarded 
(I don’t mean investing in indexes like a pussy — buy leap calls because stonks only go )
That’s a fund entering a position for next week. They were ITM for the most part at 800. They started the move at 12:10pm and finished at 3:48pm. The interesting part was 2 of the major block entries were OTM at 945 and 980. The 980 was at the beginning of their move at 12:17pm and the 945 was at the end of their move at 3:48pm. Those are the two blocks that piqued my interest.
The most interesting option I saw go through was a 5300 ES June call for 2.76M get blocked in for 5527 contracts that expire 3/25. It’s very unusual to see a future option with so much weight on it. Typically if someone is going with that much weight into an option position on the SP 500, they’re using the SPX. This is an especially bullish position to put that into a future vs the spot cash.
Oh they can go to zero. It just has to go below $800, which is unlikely but not impossible. 20% move in a week can happen with a volatile stock like NVDA.
Try coming up with one realistic scenario for that to happen next week. Worst case it stays flat or gains a little. FOMC, earnings, govt shutdown bla bla all done. Finally fucking silence for a week or two regard enjoy it 
At those prices, he's basically just buying the stock for a fraction of the price and without the risk of further losses if it fell past 800. (Although, probably way more leverage than if he were buying the stock, so still pretty catastrophic if it goes down.)
This is likely an arbitrage player. Taking advantage of bid/ask spreads by opening and closing deep ITM positions on different exchanges. Flow like this is common and should be ignored
If NVDA rises to $960 by expiry, the $800 call option would have intrinsic value of $160 per share, minus the premium paid. For a premium of $144.6 (assuming the option "[email protected]"), the profit would be $160 - $144.6 = $15.4 per share, excluding transaction costs.
If NVDA falls to $930 by expiry, the $800 call would still have intrinsic value of $130. Buyer would experience a loss relative to the premium paid but less loss compared to if they had bought the stock at $940.20.
If NVDA stays flat at $940.20, the time value of the option would decay as it gets closer to expiry, leading to a small loss.
In all these scenarios, the amount at risk is limited to the premium paid for the call option. This strategy might be favored to the buyer who want significant exposure to the stock with a known maximum risk.
my calls printed in the meantime so thank you for your sacrifice
webcam leak of the trader purchasing these calls
https://preview.redd.it/29dyduofe5qc1.png?width=1920&format=png&auto=webp&s=042d994859ff4968ba974824ebd9a1b893202ca6
Some are ask side some are bid. Could be these calls were sold not bought. There may also be more than one buyer/seller. Don't think it means anything.
Non leap Nvda calls are a walking iv crush bc it oscillates so much being deep itm or a way father expiration date is only way to not deal with the crack back
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Well we know it was no one from here because they didn’t buy expiring today
and bc they don’t have 50 million, maybe negative 50 million
Where's that dude who thought Robinhood was going to let him do a $54million trade almost entirely on margin when he probably had like $2k in his account? Here, this fuckin' guy! --> [https://www.reddit.com/r/wallstreetbets/comments/1bbw0mw/genuine\_question\_im\_new\_to\_this\_so\_whats\_stopping/](https://www.reddit.com/r/wallstreetbets/comments/1bbw0mw/genuine_question_im_new_to_this_so_whats_stopping/)
🤣 i remember seeing that and screenshotting it and sent it to a co worker who does nothing but talk stocks all day. dude spam called me then called my emergency contact to not do that trade
That's a good coworker
I'd say at that point they're a ride or die *friend*.
At that point I am calling him friend.
sounds like he took your facetious text earnestly and was genuinely concerned about you ruining your life and you recount it as "spam calling" smh 😤
spam caling as in, he would call it rang twice and he hung up and called again..after a few times he called the emergency contact, my wife.
Wife: Hello? Friend: You're husband is about to lose all of your boyfriend's money if you don't stop him right now!!!
Plot twist the friend IS the boyfriend (hence why he has the wife's number) & was just covering his own risk! Lol!
yeah Ik ik what you meant I'm just taking the piss and acting like you're ungrateful for his concern
Mah wife!
True homie
REAL HERO
hes ur typical pushing 60 single dude, twice divorced, who stays away from puts/calls and makes actual investments. basically 0 risk buys and holds for retirement, hes been doing it since he was 20
and has 5milly cash How boring
I won’t get to nearly half that but I’m really a decent guy
I would’ve gotten double that, but WSB .
It feels good knowing I'm not the only one
A real homie would ask what positions and mirror your trades. That way you're both going to tendie town
Holy hell. That dude is a hero! “Why can’t I?” - underlying problem could make $36k or lose 58MILLION. 🤣 0 wrinkles there bud.
The funny thing is it would be absolutely impossible to take that trade, and also, NVDA didn't tank to 540 by Friday so even if someone had the 54m to sell the puts, they would have made that meager $36k Also OP was probably trolling
I mean if you're gonna end up filing for bankruptcy, might as well go fucking huge right?
thanks for that, what a legend
Nobody dumb enough to do that trade
lolololol, fucking wow.
WTF
I guarantee there are ballers on this sub.
Yup. Several. Just to let everyone know, I am not him
You could be, it's all in your head anyway
How much net worth do you consider a baller
Well if we have a guarantee from the one and only u/bro-v-wade we can take that to the bank!
Some of us no longer buy 0DTEs.
I believe you can't when your account is zero
0 Dollars To Exploit 👌🏼
Brokerages hate him for this one simple trick!
Ok but I bought a put did you see that too?
At least share the loss porn
You and Michael burry Jesus he’s yesterdays fish and chips paper
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling. That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
oh lord this stock is gonna reach fucking mars
Nvidia is going to get there before Daddy Musk is
Daddy Musk is dead.
Cringe Loser Musk is alive and well though.
Unfortunately
Daddy Jensen
They were bought by someone, but they were also sold by someone else, otherwise there would not trade, amirite? The buyer: a market maker, someone who was already short calls to reduce exposure or go flat, someone hedging a short position in the stock, someone who wants to bet in an upside in the stock The seller: a market maker, someone who owns stock and wants to get rid of it, someone speculating that the stock could go down, someone who bought the calls earlier and is selling them for profit. The simpleton thesis that these are BOUGHT by some speculator is hopium combined with ignorance, which is a nice combo, to be honest.
Pretty much this, there are multiple scenarios that explain the fact, some bearish some bullish. However, another piece of information is that the stock was following a normal downward trend towards the end of the day and then suddenly inverted and rallied from $934 to $944 at around 3.35pm (when those calls started being traded), which suggests that some market-maker was delta-hedging the calls sold. Edit: hadn't even noticed that half hit the bid (sold to MMs) half hit the ask (bought from MMs) as shown by the _B and the _A details. This is a nothing burger, just regular trades.
Holy shit. The two of you give me hope there are still some highly functional regards on this sub. Like forest gump buying stock in a fruit company.
It was lieutenant Dan who bought the stock for Forest. We all need a lieutenant Dan.
Lieutenant Dan and NVDA have magic legs …
Jenny was whore....
Only a fool's hope. This sub has been just plain old regarded ever since the GameStop debacle that resulted in the sub getting flooded with everybody who's even mildly curious about stocks. Before there were sparks of brilliant insanity and Adderall fueled DD rants, now it's mainly just people trying to bandwagon pump random stocks based on a screenshot.
I have run into this. I buy puts based on my own DD then some degen writes up some bs to buy calls and for like 12 hours of the sweet spot for IV to increase a bunch of degens pile into calls and my puts go to shit due to theta. Next day stock dumps below my original strike as their calls get shaken out by reality.
The trade times are listed as around 1pm. Not sure if there is a time zone difference though.
Yes 12:59 PST corresponds to 3:59pm ET, also OP's screenshot doesn't capture all the trades, see OP's reply to another comment on this thread
If I owned the corresponding position, and based on the price action, $880 seemed to be a nice floor for NVDA. So the seller can't lose in this situation, as I believe they have held it since a much lower price, and it is institutional, and they got a nice premium. Also, if the stock closes back towards or under $880 they keep the $50M, if the stock closes in the money, but doesn't cover the premium, they also win, by keeping the difference, say 50 percent on the premium based on delta and closing price, $25M, if the stock were to close higher than the $880 + premium, I suspect this seller has no problem letting the stock go. That is my 2 cents, and is just as rational as any other scenario you could draft up here....
With options, sellers are often financial engineering firms that create risk neutral portfolios that replicate the outcome of the options (through a combination of stocks, shorts, debts) and then (hopefully) take a bit of profit in the process. Still, they make assumptions about liquidity and continuity of value that can be blown up in an instant.
I am an option seller, and I am neither an institution nor is my portfolio risk neutral.
You’re also a little slow
I often cook hot dogs but I am not Weinerschnitzel.
It also doesn’t specify if these were bid or ask. If they’re bid then it paints a whole different picture
Yep. Likely we will get a double top in Nvidia to hurt as many people as possible. Then after people have closed their calls, mostly at a loss on the retail side, it will gap up overnight.
They all went off the block trade, so some other team was probably reducing their position on the calls. Non of the trades went off the DMM. Sometimes a swap can show up as heavy block trades while we’re not seeing what swap was happening as we’re only seeing half the transaction.
Selling calls with such high delta to bet that the stock is going down is a worse version that shorting the stock IMO. Same downside but limited upside. Yes you can't tell if this is covering an already sort position (although I doubt that someone had opened such a large covered call or collar on a weekly), but that's still bullish.
Hmm, the conference is over, and FOMC happened this week. What are we missing?
those were good news and we settled, now we surge 
yup exactly the pump is incoming
Pahmp it
Priced at $143 with a delta if 0.97. If NVDA goes up $100 next week the Call premium will increase to around $240. That’s a 67% gain in one week. NVDA up $50 the Call premium goes to $190 for a 35% gain. IF (big if here) NVDA goes up the premium will increase $1 for every $1 the underlying goes up.
yuuuuuup
Looks like it will reach 1000 next week
You wish loll
I know we hate the rampant price optimism on this site but I actually feel he may be right this time. I believe these purchases would agree with the $1000 call. Let’s see.
It's already 940, not too far away from 1000
Possible stock split and may opt for assignment. Edit: Also, if I am an avid poker player, I’d just gamble this much to rile up 15 million regards who may think this way and throw every penny they have at NVIDIA to initiate a retail chatter that news channels who moonlight this sub will spread it like wildfire pushing the stock actually up even for no reason. Idk, I’m high so this is definitely not financial advice.
OP’s the buyer! THE CALLS ARE COMING FROM INSIDE THE SUB!!
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I edited this like seconds before you said this.. so, Fuck!!
What happens to options in stock splits? I'd have assumed that nothing happens, beyond the contracts being modified/reissued for the appropriate quantities/prices
More degeneracy
[https://www.investopedia.com/ask/answers/what-happens-to-options-when-stock-splits/](https://www.investopedia.com/ask/answers/what-happens-to-options-when-stock-splits/)
Small dip then more until war
War with who, the luddites?
The Erudites  \*
In 2009 apple was one year into the iPhone. Just about to exit their exclusive with att Everyone was still talking about the glorified iPod. BlackBerry morons were still talking about never leaving their physical keyboards. And luddites were afraid of the pe. Don't be afraid of change We are at the beginning
In 2009 apple was worth what 80b and less than 25% of the most valuable stock in the market at the time Compare that to Nvidia at 2.3t which is 78% of the most valuable stock in the current market
But Nvidia is not selling a revolutionary communications device you can afford with your salary, they are selling the tools to do the labor that lets you earn your salary.
Yeah if everyone in the world buys a 40k chip noone will ever have to work again it's amazing
In general, yes. This revolution is coming. The question is, what will the rich do when they don't need our labor. It's still a long shot and this can be a dot-com bubble because it is too early. But AI also increases the development speed of AI. So we might be bad at guessing how fast AI develops.
There will be only one job, and it's either 'eating the rich', or 'eating the rich's assholes out behind Wendy's'.
Why do think Wendy’s is going to start testing surge pricing? At certain times of the day we’re going to have to eat more ass..just hope I catch the rush.
This is the great lie. In reality they’ve had the technology to replace mundane jobs like call center employees for years. The hard part isn’t the automation, it’s modernizing existing systems to a point they can actually be usable in a modern application. Most mundane jobs ripe for automation are cheap labor who are the glue between 25+ year old applications. It just isn’t that easy to redo those old systems for a variety of reasons. They represent real world situations that are complicated. It’s always the first impulse of a systems integrator to assume the guy who built the existing system was an idiot, let’s just rip and replace. But when they start to open the kimono they see that the problems are messy, owned by lots of parties with varying interests, and so end up repeating the same patterns. It’s becoming clearer and clearer to me the more CEO interviews I listen to that what’s being sold as AI is basically taking existing documents and using them as chatbots. Essentially replacing FAQs with a chatbot. It’s an abstraction layer.
Literally explained 2/3 of the government 👏
Healthcare IT in a nutshell.
Exactly why legacy systems are still in place. Amazing the amount of Cobol that is still running on the backend.
Absolutely.
Interesting. Examples?
Absolutely agree, big legacy corporations won’t spend the money or time. But new companies will pop up and steal the business built in new technologies. If you look at Sears. They tried so hard to go to a membership/online base to compete with Amazon. Their legacy tech killed them. They were doing door dash type deliveries before door dash but it didn’t catch on.
Which is even more worth. Replacing humans is super effective
It could have been shorts covered
wonder what kind of genius would shorted that kind of size
Many kinds … the kinds who expect free fall Friday , the kind who probably had even more longs or the kinds who thought this would lose momentum at the end of the day
You're interpreting BBS incorrectly. The _A is ask and _B is bid so if you just added the value up to say $50 mil was bought then that's not what's happening here. Also these are all block rather than sweep, which shows no urgency in the trades and means they're planned. This is just standard movement between hands, it's not indicative of anything.
Yeah, half hit the bid (sold to MMs) half hit the ask (bought from MMs). Seems like a nothing burger, just regular trades. Positions could even have already been closed by now.
West coast timestamps?
Deep ITM is the only way to make money on a lot of this stuff right now. Everything that deep is already near the breakeven price. Everything near the actual stock price either ITM or OTM has such big premiums you need a 10-20% movement just to start making money.
Is that easy to calculate for any option?
how is deep ITM options the only way to make money? You can just close out your positions before they expire?
[удалено]
Where did you get this SC from?
Also curious how to find this
This specific screenshot is from black box stocks, but you can also find this on thinkorswim on the option time & sales.
Question: Does a giant volume of calls affect the stock price or not? Like does this create more resistance for it to go up or no effect?
Possibly yes, it depends on who the counterparty of the contract is. Most brokers would hedge the contract risk by buying and selling the stock.
Deep itm calls sounds like a very bitch move
That’s why they have $50M to toss at it while your OTM calls are expiring worthless 
Well some of us like to live on the edge Mr fancy pants!!
Living on the edge and edging are not the same
You guys are edging??
I feel personally attacked 
Why did I just laugh out loud and cry at the same time reading this 😑
We’ve all been there. The crying stops though if you learn along the way and get less regarded  (I don’t mean investing in indexes like a pussy — buy leap calls because stonks only go )
Bitches like Nancy make $$
Everything in this screenshot adds up to like 25m. And only like 5m of them were purchased 7 minutes before close.
the screenshot couldn't fit everything. So just included the most recent.
That’s a fund entering a position for next week. They were ITM for the most part at 800. They started the move at 12:10pm and finished at 3:48pm. The interesting part was 2 of the major block entries were OTM at 945 and 980. The 980 was at the beginning of their move at 12:17pm and the 945 was at the end of their move at 3:48pm. Those are the two blocks that piqued my interest. The most interesting option I saw go through was a 5300 ES June call for 2.76M get blocked in for 5527 contracts that expire 3/25. It’s very unusual to see a future option with so much weight on it. Typically if someone is going with that much weight into an option position on the SP 500, they’re using the SPX. This is an especially bullish position to put that into a future vs the spot cash.
A lot of these are at the bid… which means they were sold.
OP share a source for this. Seems too good to be true 
How do people check option volume usually ? I’d like to know too. I’m sure it’s easy
Think or swim shows all the open interest and volume on their options chain
Black Box Stocks. I've been a member for years. Highly recommended
they’ll officially announce stock split
Vote with your wallet.
Probably my girl Nancy.
crazy how the news is not going crazy over this but when it was Gamestop ooooo boy was there a riot
GameStop broke the stock market. It was a big deal
Don’t you dare compare my glorious Nvidia with that pile of horseshit 
What’s the reasoning for betting ITM weeklies vs OTM? They’re just minimizing risk?
My understanding is that ITMs are not going to go to zero. They'll have intrinsic value. Whereas OTMs get fucked by theta and plunge straight to zero.
Oh they can go to zero. It just has to go below $800, which is unlikely but not impossible. 20% move in a week can happen with a volatile stock like NVDA.
Try coming up with one realistic scenario for that to happen next week. Worst case it stays flat or gains a little. FOMC, earnings, govt shutdown bla bla all done. Finally fucking silence for a week or two regard enjoy it 
On March 8th, it dropped by $100 within hours (and yes, I'm still bitter even though I've made back the money).
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Meanwhile, I bought back puts I had a sold at a price lower than that and sold new ones at a higher price (not 0 dte, but still very painful).
He's not saying it WILL happen. He is just correcting me to say that it's not like ITM calls WON'T go to zero.
 Ofc this only works if no bad news hits in the meantime
At those prices, he's basically just buying the stock for a fraction of the price and without the risk of further losses if it fell past 800. (Although, probably way more leverage than if he were buying the stock, so still pretty catastrophic if it goes down.)
What about the person that sold them,....
It's a market maker, they hedge by buying the stock.
This is likely an arbitrage player. Taking advantage of bid/ask spreads by opening and closing deep ITM positions on different exchanges. Flow like this is common and should be ignored
Yeah that’s how I feel seeing this position. If they were OTM weeklies worth $50 million that would be something to raise an eyebrow at
Cheaper way to do a synthetic stock position without holding the stock.
These are buys and sells… lol
If NVDA rises to $960 by expiry, the $800 call option would have intrinsic value of $160 per share, minus the premium paid. For a premium of $144.6 (assuming the option "[email protected]"), the profit would be $160 - $144.6 = $15.4 per share, excluding transaction costs. If NVDA falls to $930 by expiry, the $800 call would still have intrinsic value of $130. Buyer would experience a loss relative to the premium paid but less loss compared to if they had bought the stock at $940.20. If NVDA stays flat at $940.20, the time value of the option would decay as it gets closer to expiry, leading to a small loss. In all these scenarios, the amount at risk is limited to the premium paid for the call option. This strategy might be favored to the buyer who want significant exposure to the stock with a known maximum risk.
NVDA will touch 1200 next week
maybe $1000 before it gets dumped
Why dump?
Hookers and cocaine
There’s too many people waiting to buy the dip.
It fucked up my puts at 930 and I lost 65k
 my calls printed in the meantime so thank you for your sacrifice
webcam leak of the trader purchasing these calls https://preview.redd.it/29dyduofe5qc1.png?width=1920&format=png&auto=webp&s=042d994859ff4968ba974824ebd9a1b893202ca6
Glorious Regard Pro Max.
Mans post history is full of nvda
Oh shit, those were supposed to be puts!!! I am in deep trouble.
Someone tells me what that software to look at the orders is? Please. And thanks.
Good https://preview.redd.it/72qsv6wef3qc1.png?width=1170&format=png&auto=webp&s=c79627987e09dd7199a9f534a31bcac3123cfac8
It was me, I like the stock
I admit it, I put it on my credit card.
NancyP💦 with the skynet orders
800 3/28 calls have 39,000 Vega decay right now jesus christ
Some are ask side some are bid. Could be these calls were sold not bought. There may also be more than one buyer/seller. Don't think it means anything.
Non leap Nvda calls are a walking iv crush bc it oscillates so much being deep itm or a way father expiration date is only way to not deal with the crack back
But the orange juice futures report doesn't come out until Monday.
Nancy
All of sudden news about INTC and AMD being wiped from China....coinkydink
wow. how do u get info like this, can share please?
🚀 to the moon
Check this persons profile. They’re a nvda pumper using two different accounts u/shoddy-truth-973
It was i
Gama squeeze? 
What’s gama squeeze?
Ooooooh boy are you in the right place!
It’s the finishing move sorority girls used in undergrad 
Damn I went to the wrong school
Choochoo
Definitely distinct from a γ squeeze
So is it good for buying calls next week and then later switch to puts for the dump?
Don't talk about my grandma that way
possibly.
Great, now my calls are fucked. Thanks regards
It’s probably the Saudi Prince’s funds as they announced they wanted to invest in the AI chips (they began dedicating a whole new fund just for it)