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【August 1st US Stock Options Leaderboard】

$Amazon(AMZN)$​ reported earnings and cash flow that both exceeded expectations, but was hit by profit-taking, falling by 8%, closing at $214.75; on the options side, there was a net purchase of $14.48 million in Call options (B: S 2.8:1), indicating clear signs of dip buying from bulls. AI chip leader $NVIDIA(NVDA)$​ and high-beta player $Tesla(TSLA)$​ both experienced a pullback in sync, as the tech sector saw profit-taking this week.

👉 For more details on the unusual movements, please see the poster, and feel free to dig deeper.#OptionsFlow

【July 31st US Stock Options Hot List】

Two major highlights make a strong appearance: $Meta(META)$ recorded $114 million in Calls for a single day, with a net purchase reaching $74.93 million (B:S 82:1), benefiting from Q2 earnings exceeding expectations and an explosion in AI advertising business. The used car trading platform $Carvana Co.(CVNA)$ saw a staggering $106 million in active buying (B:S 453:1), coupled with record revenue, causing its stock price to surge 16%.

Meanwhile, $UnitedHealth(UNH)$ and $Netflix(NFLX)$ continue to face massive Put hedging, as the “tail risk” in the healthcare and streaming sectors is being tightly defended by funds.

👉 For more details on unusual movements, see the poster; feel free to unwrap. #OptionsFlow

【SignalPlus Theme Roundtable】Finding the Next "Money Printer" Narrative and Options Layout

AI + Crypto, RWA, SOL ETF... New narratives are emerging one after another,
Where exactly is the next wealth code hidden?

How to accurately predict and use options for high returns with low investment? Let's explore trading opportunities together and discuss low-cost options layout strategies!

📅 July 31 Tonight 20:00–20:30 (UTC+8)
#Tencent·Meeting: 659-424-670

🎤 Share your trading logic on stage and win a 100 RMB red envelope! The community red envelope rain continues!

🎁 Retweet this post and participate in the roundtable to enter the lottery
One winner will receive a copy of SignalPlus Executive Director and Quantitative Director Mr. Wang's book: "Happy Machine Learning"
#交易训练

【META Earnings Report Violently Gaps Up: Naked Selling Blood Loss vs. Double Buying Full Capture】

Last night, after META released its Q2 earnings report, the stock jumped more than 11% in after-hours trading, with prices briefly reaching $775. The options market experienced intense volatility. Traders in the group engaged in heated discussions a few hours before the earnings report:

🔹 Some chose to sell 750C and 650P, betting on an IV collapse to collect premiums;
🔹 Others set up double buys in advance, looking at the possibility of large fluctuations post-earnings;
🔹 A more conservative strategy involved using spreads (Vertical or Iron Condor) to control risk.

In the end, the naked selling direction was misjudged, with the Call side going deep ITM, making it difficult for premiums to cover losses; meanwhile, those who had set up double buys in advance successfully captured the entire gap move.

This is a typical combination of high IV + earnings report betting, and the outcome often depends on whether the strategy matches the volatility structure.

📌 Double selling during earnings periods may not be safe, especially against the backdrop of amplified directional volatility;
📌 Setting up double buys in advance can allow for ambush opportunities during low IV phases;
📌 Using spreads is conservative but risk-controlled, making it more suitable for oscillating market expectations.

META's case is a standard example of "high expectations realization + violent gap" in earnings report betting. Join our <options strategy> group to analyze volatility, break down the market, and capture opportunities. #meta

【July 30th US Stock Options Leaderboard】

The new AI star $CoreWeave(CRWV)$ topped the list with a call trading volume of $98.6 million, but was dominated by selling (B:S 0.8), resulting in a net outflow of $2.94 million, indicating a continuation of fund reduction and heavy selling pressure. The stock has retraced 45% from its June peak.

The big brother $Nvidia(NVDA)$ recorded a call volume of $64.5 million, with slightly more buying pressure (B:S 1.1), and was upgraded by Morgan Stanley with a target price raised to $200.

The sentiment divergence between the leader and the newcomer may indicate a rotation period for the AI theme: a short-term bearish call spread can be used to hedge CRWV; NVDA can still be entered on dips with a light OTM call for September.

For more details, see the poster and let's analyze the trades together. #OptionsFlow

【BMNR/SBET Double Kill: How to Seize Opportunities with Options?】

Last night, BMNR and SBET fell by 8.86% and 8.82% respectively, following the overall correction in the cryptocurrency concept. However, from a fundamental perspective, neither company suddenly weakened: BMNR announced a $1 billion buyback and still holds over $2.7 billion in cryptocurrency assets; SBET updated its holdings to 438,000 ETH and has restarted ATM financing.

Options data also reveals divergent signals. SBET's implied volatility remains at 151%, but the IV Rank is only 13.7%, with buyer Vega costs having declined; although BMNR's trading volume has increased to an average of 182%, the Put/Call ratio is only 0.73, indicating no panic sentiment.

Possible options strategies include:

➢ If betting on a rebound: SBET may consider a 22/27 bull spread expiring on 8/8, requiring a small investment with a clear risk-reward ratio.
➢ If expecting a range-bound market: BMNR could sell a straddle expiring on 8/15 at 30/40 to collect premiums, needing to manage margin and tail risk.
➢ If already holding spot: SBET can use an 8/22 20 P for protection to lock in downside risk.

After the decline, there are still opportunities; it just requires more careful rhythm and combination strategies. #OptionsTrading

【July 29th US Stock Options Leaderboard】

$NVIDIA (NVDA)$ hit a new historical high of $179.38 during the day before closing down 0.7%, but the leaderboard shows that the sellers dominated with $141 million in bullish transactions. The reduction in positions at high levels corresponds with the previous substantial month-end Call swaps, suggesting that funds are securing profits after the positive news about "China's chip export relaxation" has been realized.

$UnitedHealth (UNH)$ saw its stock price drop 7.46% on earnings report day, while being surrounded by a flood of $580 million in Put options, with buyers netting $148 million and a Put:Call ratio as high as 197:1; among them, a single 08/470P insurance reached $166 million. Institutions may be hedging against uncertainties in healthcare costs and policies. Friends holding positions in the healthcare sector can consider deep OTM Put options for protection.

$ASML (ASML)$ only dropped 1.32% during the ex-dividend window, but the Put transaction volume soared to $197 million, with a net inflow of $5.09 million from buyers; multiple long-dated Put options at the 1100 strike indicate concerns about a downturn in the order cycle. The dual pressure of ex-dividend and the downturn in European semiconductor conditions has already been reflected in the implied volatility of options. Bear spreads or selling Calls for income are worth paying attention to.

The complete leaderboard is attached as a poster, let's break down the hedging logic behind it together!#OptionsFlow

$Tron(TRON)$【What options strategy to choose behind the drastic fluctuations of TRON?】

TRON (TRON Inc.) recently submitted an S-3 filing, planning to raise up to $1 billion to increase its holdings in TRX, with the stock price rising over 20% at one point during the day. Currently, the stock price is around $10.8, with an implied volatility as high as 190%, and the Put/Call ratio is only 0.28, indicating a strong bullish sentiment overall. In the short term, the market expects the fluctuation range over the next month to be between $7.5 and $12.5.

However, it is worth noting that if the $1 billion financing is successfully completed through a new issuance, the existing circulating shares will be significantly diluted.

📌 Operational strategy reference:
Bullish but afraid of a pullback? You could position in the "10-12.5" August bull spread to control risk while betting on volatility.
In a sideways market? Implement an iron condor strategy to collect Theta: sell 7.5 Put + 12.5 Call, but be cautious of sudden financing realizations.
Already holding shares and worried about a crash? Buy a September 7.5 Put for protection to lock in the maximum drawdown.

Risk warning: Be cautious when participating in highly volatile stocks; the above content does not constitute investment advice. #Tron

[BMNR vs SBET: Which is the better entry opportunity?]

BMNR plummeted over 15% after hours due to the company's new notification allowing 45.11 million shares for PIPE investors to be held at a low price (purchase cost was only $4.5), equivalent to an increase of one-quarter of the circulating shares, resulting in significant short-term selling pressure.

In contrast, SBET completed a similar registration as early as the end of May, and low-priced shares had already entered the market, resulting in much less selling pressure currently. Its price movement is closer to Ethereum's fluctuations and is more easily driven by retail investor sentiment.

From a valuation perspective, both companies currently have market capitalizations only about 50% higher than the net value of the ETH they hold, which is in a historically undervalued range.

In terms of operation, BMNR is still in a transitional period of 'institutional cashing out and retail investors picking up the pieces,' making it more suitable to wait for sentiment to clear and consider buying low when mNAV drops below 1.3, along with Put options for protection. SBET, on the other hand, is more retail-driven and emotionally volatile, making it suitable to use some short-term call options to seize short-term market opportunities.

This is for communication purposes only and does not constitute investment advice. #ETH

【July 28th US Stock Options Leaderboard】

📌 NVDA continues to dominate the bullish transaction amount ($299 million, accounting for over 90%), but the main large orders are concentrated on the September 160C, mostly at neutral prices, suggesting a rolling month change and position management rather than new directional bets.

📌 AMZN is much stronger: Call net buying is about $185 million, with two orders for August 200C/220C being actively swept, combined with the earnings report to be announced after market close on July 31st, the sell-side is generally bullish with optimistic expectations.

📌 Crypto-related MSTR ranks 3rd on the bullish list, with net buying still positive; the institution Cantor raised its BTC target to a future million dollars, and this month MSTR disclosed it holds over 600,000 BTC and continues to increase its holdings, indicating a sentiment of "Beta allocation".

The complete list and buy-sell ratio can be seen in the poster below, feel free to share your focused targets and trading ideas in the comments section.#OptionsFlow

【July 25th US Stock Options Leaderboard】

$NVIDIA (NVDA)$ leads today's Call trading list ($249 million), but the directional bias is bearish: net sell reached $43.03 million, B:S is only 0.3:1. During the day, there were two large near-month Calls—25/08 134C ($102 million, MID) and 150C ($49.9 million, SELL), with funds suspected to be rolling down volatility at high levels, reducing positions and rolling over months, rather than aggressively increasing positions.

$Tesla (TSLA)$ ranks second on the Call list ($116 million), but similarly, net sell reached $50.3 million; Put side trading was only $55.52 million, also a net sell ($2.44 million). Continuing yesterday's post-earnings strategy, institutions prefer to “sell options to collect rent” rather than chasing directional short positions. The earnings report showed a year-on-year revenue decline of 12% and a drop in EPS, with Musk stating that the next few quarters may be difficult, but the stock price has already rebounded from its low during the day.

👇 For more individual stock flows and large order structures, see the poster. Feel free to share strategy ideas in the comments section.#OptionsFlow

【TRON Inc. NASDAQ Debut: Crypto Breakthrough or Capital Game?】

On July 24, TRON Inc. (stock code: TRON) rang the bell on NASDAQ and officially completed its transformation from SRM Entertainment to a blockchain company. The company had previously announced a strategic reserve of TRX totaling $210 million, aiming to become one of the largest TRX holding entities in the world. Founder Justin Sun stated, "This marks the true beginning of the crypto era."

However, the market's feedback was below expectations: a nearly 10% drop on the first day, opening high and closing low. Although TRX, as the core asset of the company’s treasury, holds symbolic significance, investors are clearly more concerned about its future revenue model, regulatory challenges, and the pathway to shareholder value realization.

From the options market perspective, Call transactions are active, with a bullish atmosphere, but directional bets and arbitrage positions are intertwined, indicating that the main players have not yet reached a consensus. The community is divided into two factions: one side shouts "Web3 marches into Wall Street," while the other questions whether this is merely a clever packaging and arbitrage. #Tron

【July 24th US Stock Options Dragon List】

$Tesla (TSLA) $ became the focus of today's options: Put transaction volume reached $1.89 billion, with a net sell of $503 million in Puts, indicating that funds are intensively "selling insurance" to cash in on volatility premiums after the earnings report. The background is a 12% year-over-year decline in Q2 revenue, a gross profit margin of only about 15% in the automotive business, and an overall operating profit margin dropping to 4%, with the stock price plunging over 8% during the trading session.

Healthcare insurance giant $UnitedHealth (UNH) $ Put transaction volume reached $378 million, with a net sell of $22.68 million in Puts, and a buy/sell ratio of only 0.7:1, indicating that funds are more inclined to use high volatility to sell premiums rather than shorting. In contrast, $Netflix (NFLX), saw net purchases of Puts reaching $106 million, with a Put/Call ratio of 2.4:1, showing that investors still harbor doubts about its "weak dollar-driven revenue guidance".

👇 The poster contains more stocks with unusual movements and details on buy/sell ratios, feel free to leave a comment for discussion. #OptionsFlow

【Should you buy puts in a bull market? Are stablecoins draining liquidity? A recap of the seven key insights from the 7·23 SignalPlus roundtable】

Longxin Yan: Don't blindly trust the holding costs of institutions; when a liquidity crisis hits, they will also have to cut their losses. Buying put options when the market is euphoric not only hedges against price risks but also allows you to profit from soaring volatility.

Zhang Chang: The 11% holding of Bitcoin by institutions is just the beginning; it is expected to rise to over 20% in the future. The CME futures open interest is already the highest in the world, indicating that market pricing power is shifting from retail investors to institutions.

PATH: When stablecoins like USDC start to pay interest, it is equivalent to them 'raising interest rates' on non-yielding Bitcoin. This may undermine the value narrative of Bitcoin and create a 'draining effect' as funds have a new low-risk yield option.

Ancestral Payment: In a one-sided bull market, while selling strategies have a high win rate, there's a sense of disappointment in making small profits while missing out on the entire market move. When a trend emerges, it takes courage to switch from a mindset of earning 'premium' to one that dares to take risks.

Lafayette: I believe Bitcoin has entered a high-level consolidation phase, and volatility will decrease, so I primarily use strategies like iron condors to earn 'rent' on time value. This robust volatility-reduction strategy allows us to continue profiting while waiting for altcoins to take the next market wave.

What is desired is what is sought: The current price is in a phase of shrinking volume and consolidation, which is a clear signal that the market is about to choose a direction. In terms of operations, patience is key; before volume expands effectively and direction is confirmed, the best principle is to liquidate and observe.

Andy: The actual rate cut by the Federal Reserve in September is a critical juncture, and we need to be wary of the risk of 'good news being fully priced in.' Because the market has already fully priced in the expectations of easing, whether prices continue to rise or reverse after expectations are met will determine the future market direction.

#BTC走势分析

【July 23rd US Stock Options Leaderboard】

$Hilton Hotels (HLT)$ fell 2.5% during the day but saw a total Call volume of $107 million, with a net active buying of $16.65 million. Although the earnings report indicated a slowdown and the stock price dipped briefly, a large purchase of the long-term 26 Jan 240 Call for $61.65 million shows that funds are betting on a continued recovery in travel.

$Tesla (TSLA)$ reported a 23% decline in profits, while the stock price held at $330; the options market showed a tug-of-war: Calls traded at $58.09 million, Puts at $42.71 million, with a slight bias towards buying in both directions. News about Robotaxi and affordable models boosted sentiment, but institutions are still observing.

The poster has been updated, feel free to share and comment!#OptionsFlow

🎯【SignalPlus Roundtable】
Is smart money starting to flow into crypto assets?

🔥 Option flow anomalies, capital games escalating,
Traditional finance's "smart money" is betting #crypto ?

📊 Is it a short-term game? Or a structural turning point?
Let's break down the signals together and discuss trading logic!

🗓️ July 23 (Wednesday) 20:00–20:30 (UTC+8)
📍 Tencent Meeting: 659-424-670

🎤 Share to grab a 100 yuan red envelope
💰 Red envelope rain falling at random times!