Good Morning!

I’ve got 2 primary positions that you are going to want to focus on today. They are both household names that you are likely very familiar with.

This NVDA contract got lit up with whale buys yesterday as smart money is positioning for an explosive November to the upside for NVDA. I really like this flow and this contract. This particular buying spree had 2 things that you want to see: 1) Tons of “sweep” orders. A sweep order is a bullish type of order that shows urgency from the buyers. 2) Most of the orders were filled at the ask which also indicates a bullish direction and that buyers were willing to pay a bit of a premium to scoop up contracts.

As of this writing NVDA is up pre-market and looks poised to have a great week or weeks ahead. This is one is on the table for me to consider scooping up a few contracts and seeing how it plays out!

This is another flow that points toward more upside in the big names in the market. This one doesn’t have quite the volume that the NVDA contract does but I am on close watch today to see if we get urgent buying on any particular TSLA contracts. I think the market has a few big catalysts that could move it upward in NOV and TSLA along with the other big tech stocks are poised to move up should they happen.

This one is just a watch for now. I will be keeping a close eye on TSLA contracts to see if we get an uptick in bullish volume. If so, you can bet that I’ll be taking a position to benefit from that.

I expanded on each of these views on my short 6 minute YouTube video. Check it out if you want to be a little more prepared and ready to make these trades!

Thanks for reading!

We will talk again tomorrow!

-Caleb