【August 26th US Stock Options Leaderboard】
$iShares Bitcoin Trust ETF(IBIT)$ Call traded at $131 million, with the majority of 35C large orders being rolling/stock substitutions. Strategy: Neutral to slightly bullish, can consider a Bull Put Spread 60/55P (September) to collect premium; or an Iron Condor in the 55-70 range, betting on sideways movement.
$NVIDIA(NVDA)$ Calls account for 72% and net buying, while the Put side shows net selling—more like funds are doing a Sell Put + Buy Call risk reversal, betting on a spike before earnings. Strategy: To save costs, can consider a 170P/185C risk reversal (September); to lock in risk, do a Bull Call Spread 180/190C.
$Amazon(AMZN)$ Calls account for as high as 95%, with a slight net buying. Strategy: Bull Put Spread 220/210P (September), holding the range can still collect premium; shareholders can conveniently sell 240C covered to reduce costs.
