On a "blood red" Friday in the markets, the Hot Options Report dives into the explosive allegations rocking the AI sector. Federal prosecutors have unsealed an indictment against a co-founder of Super Micro Computer (SMCI), alleging a massive $2.5 billion scheme to smuggle restricted NVIDIA (NVDA) AI chips to China.
Mark Longo breaks down how this scandal sent SMCI shares plummeting over 33% and how the "options tape" reacted to the news. We also look at the Silver Sweep scan, tracking nearly $1 million in premium moving through the chains.
In this episode, we cover:
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SMCI Meltdown: The details of the $2.5B smuggling case and the massive put volume targeting the $20 strike.
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NVIDIA (NVDA): How the SMCI news and broader sell-off impacted the king of AI chips.
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The Silver Sweep: Deep dives into huge institutional flows in SPY, IWM, and NVDA LEAPS.
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Market Countdown: Volatility updates for Intel (INTC), Meta (META), Microsoft (MSFT), Amazon (AMZN), SoFi, Micron (MU), Apple (AAPL), and Tesla (TSLA).
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