Good Morning!

It was an active day for Wall Street whales. Let me show you a few of the most significant options buys of the day for Monday.

(EDIT: Both of these stocks are down nicely in the premarket; I chose to leave them in this email as it could lead to a good entry)

INTC continues on it’s post earnings tear. Whales piled in calls for the end of the week. This particular trades was for 85s and had nearly 6 million of premium for an expiration of this Friday. INTC has had a huge recovery story and had blowout earnings a little while back. It is certainly possible that this hot run continues as semis, A.I, and memory continue to dominate the market at current times.

I crossed referenced gamma exposure for the week on INTC and it appears that 90 has the biggest exposure. We could certainly see INTC make a push towards 90 based on the gamma exposure.

NVDA is in the process of breaking out and whales hit the options flow hard yesterday. This contract is a few weeks out but could end up being valuable if NVDA stacks more days like yesterday together. The stock is pretty cheap from a fundamental perspective compared to the rest of the MAG 7 stocks.

Some pre market jitters coming in the form of Open A.I. have markets trending lower early on today. However, they seem to be shaking it off pretty fast as markets are rising at open and gamma exposure is starting to build overhead signaling some upside. I am long some 712 calls with an expiration of 4/29 (tomorrow) at open.

I hope to sell into the bounce. I will take losses pretty quickly if it trends against me or if gamma ranges don’t trend my way. Right now as I type, gamma continues to build overhead acting as a magnet towards price.

Happy Trading!

-Caleb Gregory