dd7
$NVIDIA(NVDA.US)jenson Huang on board last min , it will be great if chip restriction lifted but can go either way if it is still ban just speculation
$NVIDIA(NVDA.US)sudden surge in overnight ?
$Oracle(ORCL.US)In a scenario where market makers (MMs) are fully balanced and delta-neutral, they generally have no incentive to push the price in either direction. Their primary goal is to collect the bid-ask spread and avoid directional risk.
However, the "pinning" effect you're seeing at 180 is often a result of their reactive hedging, rather than an active "push." Here is how that mechanics works when they are already hedged:
1. The Stabilizing Loop (Negative Gamma)
If MMs are "short" the 180 calls (meaning they sold them to retail/institutions), they have a "negative gamma" position. This forces them into a specific trading pattern to stay neutral:
As price rises toward 180: Their short calls become "more bullish" (delta increases). To offset this, they must buy more stock. This buying can inadvertently push the price toward the strike.
As price falls away from 180: Their short calls lose delta. To stay neutral, they must sell the shares they previously bought. This selling can push the price further down.
This creates a "magnet" or "pinning" effect. They aren't trying to manipulate the price; their mechanical need to re-balance their hedge naturally dampens volatility and keeps the price "loitering" near the strike.
2. Why they wouldn't "push" it up
If they are already perfectly hedged (Delta = 0), pushing the price up actually creates work and risk for them:
If they push ORCL above 180, they would have to buy even more shares at higher prices to cover the rapidly increasing delta of those calls.
If the calls expire In-The-Money (ITM), they have to deliver the shares. If they already own the shares (the hedge), it’s a wash.
The Sweet Spot: Their maximum profit is usually having the stock close at or slightly below the strike where the most options were sold. This allows them to keep the entire premium they collected without having to deliver any shares.
$Oracle(ORCL.US)The 180 level for Oracle (ORCL) is looking like the clear battleground for today's April 24 expiration. Looking at the pre-market activity and the options chain, your read on the market makers seems spot on.
The 180 Magnet
As of early pre-market, ORCL is indeed hovering around $179.23, down about 4.4% from the previous close. The "loitering" you're seeing at 179 suggests heavy gravity at that 180 strike.
Call Wall: There is a significant concentration of Call Open Interest (OI) right at the 180 strike (over 11,600 contracts).
Max Pain: While the broader "Max Pain" for this weekly expiration was sitting lower around $165 due to older positions, the immediate friction is at 180.
The Incentive: If market makers have sold those 180 calls, they are highly incentivized to keep the price pinned just below $180 to let those contracts expire worthless.
Technical Setup
Support/Resistance: After falling from $187.50 yesterday, 180 has flipped from a support level to a psychological and technical ceiling.
Volatility: The pre-market low touched $174.08 before bouncing back to 179. This suggests that while there is some buying interest on the dip, the 180 level is currently acting as a "hard lid."
If the volume doesn't pick up significantly to "gamma squeeze" past that 180 call wall in the first hour of trading, we'll likely see it continue to hug the 178–179 range into the close. It's a classic case of the "pinning" effect we often see on Friday expirations.
$Oracle(ORCL.US) market maker that sell option trying to control under 180 as battlefield unless some whale willing to push up above 180 if not I see even open also difficult to cross over 180 barrier maybe near or around there , just my view I not expert
$Oracle(ORCL.US) it won't cross 180 tonight maybe border to kill the call option expire tonight for 180 and above
$Oracle(ORCL.US) I doubt it will cross 180 today because of 180 call option expire today
$Oracle(ORCL.US) my pov nothing to do with news it all about call option expire on 24 Apr 180 call above where they have the highest volume, market maker need to bring it down below 180 to kill all the call option that expire tomorrow just my pov
$Oracle(ORCL.US)what happen suddenly drastic drop look like going down further ,put option ?