1. $MU IV is nuts across the strikes, that $850 put is running 138% IV and the $1000 calls aren't far behind at 97-100%. That's the market pricing a real gap, not a drift. If you're selling covered calls up top here, this is the juice we talk about, just size the strike for a real move and don't get cute.
2. Crowd's still chasing NVDA calls, the 210/212.5/215 strikes are running way over open interest and call volume is better than 2 to 1 over puts. Spot's parked at $211.96 right in the middle of that stack into tomorrow's expiry. Same pin and grind we flagged last week, more confirmation than fresh signal.
3. SMH puts still outnumber calls today, and that $550 put line has ballooned to 33k plus open interest with IV up near 74%. Spot's way up at $602, so this reads like protection getting parked, not a bearish bet on today's tape. Worth watching if you're stacking covered calls up top, that's the floor the hedgers are underwriting.
Aggregated and distilled by Two Sentence Traders. Not financial advice.