Options trading and stock market news: someone bought $13.4 million in Nvidia puts on Friday, all expiring before the August 26 earnings report. Chris Vecchio says this is not disaster protection. The puts are clustered 3 to 7% below spot, basically positioning for a short-term breakdown through a loaded week: CPI tomorrow, ASML Wednesday, TSMC Thursday. Nvidia's forward PE has fallen back to pre-AI levels at 18.7 times, cheap by Mag Seven standards. The key signal to watch: if open interest jumps tomorrow at these strikes, these are fresh bears. If it stays flat, they are just rolls and hedges. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 00:00 Nvidia is today's name: forward PE back to pre-AI levels 00:33 Correlation below 4%, stocks moving independently 00:41 Morgan Stanley top ...