【August 19th US Stock Options Leaderboard】
📌 $NVIDIA (NVDA) $ Call had the highest transaction volume, but mainly consisted of covered call selling, with a net sell exceeding $100 million, including a large order of $111 million for 9/25 160C. Ahead of the earnings report (8/27), funds chose to hedge first.
👉 Strategy: Defensive ahead of earnings, consider a bear call spread (buy 190C / sell 180–185C), or holders can sell 185–190C for coverage.
📌 $Tesla (TSLA) $ Call had a net sell of $6.6M on the call side and a net buy of $7.8M on the put side, indicating a bearish pattern. The stock price closed at 329.31 (-1.8%), impacted by the "FSD Misleading" class action lawsuit.
👉 Strategy: Conservatives can use a collar (sell 350C / buy 310–315P); bears can do a diagonal put (buy long-term 300P, sell short-term 315–320P).
📌 $MicroStrategy (MSTR) $ transactions were polarized, with puts around $43.23 million and calls around $25 million, as funds hedged while bottom-fishing. However, the stock price still fell significantly to 336.57 (-7.4%), following a pullback in crypto assets.
👉 Strategy: With high volatility and unclear direction, consider straddles/strangles for momentum, or use iron condors to collect rent in the 300–380 range.