Options trading and stock market news: Broadcom and Tesla each drew about $6.6 million in bullish call buying in the same session, but Chris Vecchio says the reasons could not be more different. The Broadcom trades read as a near-term stock replacement and a longer-dated AI infrastructure bet tied to a possible Apple deal. The Tesla 420 calls are the Elon meme trade, a self-fulfilling gravitational pull with a Polymarket-implied 25% chance of a Tesla-SpaceX merger by year end. Plus the Hindenburg Omen firing twice in a month and why Chris says it only matters if there is a crash.
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Chapters
00:00 Broadcom and Tesla each drew $6.6M in calls
00:21 The Broadcom July stock replacement trade
00:46 The November 630 calls: a longer-term AI bet
01:17 Maybe...