0.01Open0.01Pre Close0 Volume148 Open Interest80.00Strike Price0.00Turnover289.53%IV19.68%PremiumJul 5, 2024Expiry Date0.00Intrinsic Value100Multiplier0DDays to Expiry0.01Extrinsic Value100Contract SizeAmericanOptions Type-0.0038Delta0.0014Gamma9959.00Leverage Ratio-0.1332Theta0.0000Rho-37.95Eff Leverage0.0003Vega
LELT : Indeed!
digimonX : There has been a rotation in play since nvidia's split. The smart $ has been selling nvidia & getting into Apple & tesla while telling viewers on cnbc, bloomberg, etc that nvidia will go higher. Once they are done selling, there was another group going to these same TV programs to say nvidia is overvalued.
It will not be a surprise that nvidia go sideways for a while. It is fascinating how fast sentiment chg. The last few mths, dumb retailers kept posting msges how nvidia was king & stock price wud keep going up. There was an idiot who even said "short AMD & long nvidia to get rich". On the same day, things flipped. Whoever followed his advice & shorted 1k AMD & bought 1k nvidia shares on the same day he posted this stupid advice is now in 5-digit loss. Go over to nvidia chat now & we see many calling nvidia stock stupid.
These folks chase when the stock price spike & sell after stock price has bottomed. This is why retail investors will always be the dumb $.