Second place in a duopoly is a genuinely difficult business
It traded at 607.67, -1.27% on the session. Being the credible alternative is worth a great deal to customers and less than people assume to shareholders.
Free 4 min read
AMDNVDA
Stock
NVDA
NVDA
Delayed
Notes mentioning NVDA
8Flow is not a signal, it is a question
It traded at 745.04, +0.32% on the session. Large options prints get reported as conviction. Most of them are somebody hedging.
Free 3 min read
QQQSPY
Selling the whole rack changes what a chip company is worth
How I value the systems business separately from the chips inside it.
Paid 2 min read
NVDATSM
When dealers are long gamma, the index grinds instead of lurching
When dealers hold options that make them buy dips and sell rallies, their hedging calms the index. That calm tends to favour a slow grind higher.
Free 2 min read
QQQSPY
The implied earnings move is expensive because the stock earns it
Options into this company's results always look pricey. Checked against the moves it has actually made on results, they usually are not.
Free 2 min read
Shortages end, and margins are the first thing to notice
The lead-time and gross-margin signals I watch for the end of a shortage.
Paid 2 min read
A rally with nobody buying protection is a crowded one
When a stock keeps rising and demand for puts dries up, the options market is telling you that everyone is positioned the same way.
Free 2 min read