The biggest overnight story is Beijing easing restrictions on NVDA H200 chip exports. China is now permitting small-batch shipments to help its leading tech groups close the AI gap with US rivals. The news — reported by the Financial Times late Monday — adds fuel to already elevated options activity around the chip giant. Bulls and bears remain active on both sides of the trade.
Today's session is dominated by consumer results. TGT kicked off at midday after analysts cut ratings and trimmed the average target to $147.78. LOW, ADI, and TJX also reported this session. The real test comes Thursday, when WMT — with a $900bn market cap — reports under new CEO John Furner. disappointed early, guiding Q1 adjusted EPS to $0.11–$0.13 against a $0.14 estimate.
Bill Gates filed over $263M in purchases of RSG Republic Services across August 10–17. Meanwhile, CRWV CoreWeave saw $512M in institutional selling from Magnetar Financial. BILL Holdings climbed after posting a strong Q4 report, offering a bright spot in an otherwise mixed tape.
WOLF remains the most extreme short setup — 86.5% of free float shorted with zero borrow available. RDDT short interest jumped 4.2 percentage points in one week to 17.9%. Nordson options saw a dramatic sentiment flip ahead of earnings, with its put/call ratio crashing to 0.52 — 4.3 standard deviations below its 20-day average — signalling heavy call buying.
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