$TSLA shorts are trapped 🪤
Nvidia $NVDA large adjustment rolls 57,000 July $110 calls up to buy the $130 calls at $12.10, original trade up +125%, reporting earnings next week 5/28 which should be key event for the Tech group
$NVDA $TSLA top of the list. Good to earn some profit from $NVDA short sellers during April selloff. https://t.co/3uKTWDtkr6 https://t.co/b61QkIBAFx
Nvidia Corp. and Tesla Inc. have led to over $250 billion in losses for short sellers during a significant market rally. Nvidia's stock has surged, adding more than $1 trillion to its market capitalization since its April low, rallying 36% over the last month. This performance has been driven by easing trade restrictions, benefiting the AI chip leader as it approaches its next earnings release on May 28. Tesla's stock has also seen substantial gains, influenced by CEO Elon Musk's renewed focus on the company after his involvement with the Department of Government Efficiency (DOGE). Short sellers lost more than $19 billion combined on Nvidia and Tesla from April 8 through May 20. The rally has not been limited to these two companies; other stocks like Palantir, Hims & Hers, and Strategy have also contributed to significant losses for short sellers. Palantir shares have risen more than 55% since the market bottom, Strategy shares have soared over 68%, and Hims & Hers stock has more than doubled, all outpacing the 17% gain in the S&P 500 over the same period. The broad market rally began on April 9, when President Trump announced a 90-day delay on a wide swath of his 'reciprocal' tariffs, leading the S&P 500 to its best day since 2008.
