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Nvidia's 2024 AGM highlights: Pay packages and new AI market strategies
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Why NVIDIA's Stock Fell? A Golden Opportunity that You Don't Want To Miss 😍

Why NVIDIA's Stock Fell? A Golden Opportunity that You Don't Want To Miss 😍
Triple Witching Day Arrives: The Largest Options Expiry in History
This Friday, the notional value of options set to expire exceeds an unprecedented $5 trillion, marking the largest options expiry in history. Traditionally, such concentrated options expiries have bolstered the stock market. However, a "soft window" may open early next week, with the SPX projected to test 5400 points.

Over the past year, buying $NVIDIA (NVDA.US)$ calls has surged in popularity due to the stock's reputation as a reliable moneymaker. According to FactSet data, $NVIDIA (NVDA.US)$ shares have soared nearly 800% since the end of 2022. "It seems like it doesn't take much to get people to buy calls on $NVIDIA (NVDA.US)$," remarked Danny Kirsch, head of options at Piper Sandler, in an interview with MarketWatch. "It's a little bit like Pavlov's dog. The more you do it, the more money you seem to make. So why would you stop?"

$NVIDIA (NVDA.US)$ options expire every Friday, but weeks when monthly options expire typically see higher volume and open interest, according to SpotGamma data. In addition to $NVIDIA (NVDA.US)$ options, monthly and weekly contracts tied to other individual stocks, indexes, and ETFs will also expire on Friday, along with futures contracts tied to equity indexes like the S&P 500. The term "Triple Witching" refers to the quarterly event when options on individual stocks, indexes, ETFs, and index futures all expire simultaneously.

As these options expire on Friday, $NVIDIA (NVDA.US)$ may lose about half of its gamma, potentially slowing its momentum. This could lead to "falling stock prices and high volatility. " So, is this your chance to buy in if you missed the previous uptrend?

With $NVIDIA (NVDA.US)$'s proven performance and the historic nature of this options expiry, now might be the perfect time to seize the opportunity and make a strategic investment move.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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