Market tide

@hcgdavis @fuzzballl
Thanks for recommending this indicator and for going to bat to get us a discount. The indie has paid for itself a few times over already.

#pietrades

Dodeka-Stupid on NVDA

Here’s a note that Trade Alert put out tonight:

Market Color NVDA – Interesting 12-leg Nvidia put spread minutes before the close totals nearly quarter-billion dollars premium. Over 31K deep puts traded in NVDA at 3:53PM ET today in an odd spread that involved 12 deep-in-the-money puts expiring Jan 18th. Stock was $136.22 at the time, and the package consisted of offer-side blocks in the 200 to 260 strike puts, priced from $64 to $124. Weirdly, size of each block is very near the open-interest of each contract and the price on each block was a whole dollar figure, 22c over parity, with total premium just under $244M. If the package was a buyer of all legs, the delta is nearly 2.4M shares, or 9% the adv of the stock. With negative AAPL headlines out after the close, NVDA shares are down nearly $4 to $132 which could be a gain near $9M if the spread was a dodeka-stupid.

NVDA

That turned ugly quickly….

Guess the meeting didn’t go so well….buckle your seat belts.

A TRADE:

ROKU STO 1/4/19 32.5 CALLS @.80 Covered Expires in 2 days.

Alpha Shark Indicator

@MamaCash – Have you used it much? Finally got a chance to watch it for a day and liking the possibilities. Haven’t done anything live yet but the last long signal on the NQ futures finally went short this afternoon after a 240 point run…

#longputs Buy another Jan 02…

#longputs
Buy another Jan 02 2510/2500 BePS for $7.50 while SPX below 2500, 15 minutes to go and looks promising.

#ironcondor SPX sell BeCS Jan…

#ironcondor
SPX sell BeCS Jan 02 2530/2540 for 1.25cr this morning, expiring worthless it appears
buy BePS 2510/2500 Jan 02 for $4.00, sold hour later for $6.50

Off to a good start after nice finish last month.

Trades today

#SPX1dte Expiring today: $SPX Jan 2nd 2380/2400/2570/2590 condors, sold Monday for 1.10.

#Contango ETFs: Closed $SOXL May 75 put for 12.00. Sold for 13.60. Now out of SOXL.

Happy New Year, everyone!

NVDA

#ShortPuts #IRA – Should be a week or two prior to earnings. Selling here allows an easy rolldown into earnings or booking a profit and selling again in earnings week.

Sold NVDA FEB 01 2019 120.00 Put @ 2.45

CME

#ShortStrangles – Loosely following some Whiz trades on this…only one contract just for fun. Should be prior to earnings…

Sold CME JAN 18 2019 180.0/200.0 Strangle @ 2.48