At 12:26pm EST today
$NVIDIA(NVDA.US) $NVDA 2X Long ETF(NVDL.US)
king flipped from 220 long gamma at 8m exposure to 230 (now 32m) short gamma exposure. 240 long gamma could potentially be the dealer target if we get to that 230 launchpad. Before the flip, dealers were buying dips and selling rips. After the flip, dealers are no longer looking to stabilize price so if we see a run up before/after earnings, dealers will have to buy into the rally to stay delta neutral. Because of this shift I entered an NVDA lotto: 230c 8/31 @ 1.30. We either run up before earnings or we see a uno reversal compared to previous post earnings on this name.












