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Options Trading Mid-Week Update: Last 2 Sessions into OPEX

Now that we are through CPI numbers, be ready for many pops, drops, and premium crushing with OPEX (Options Expiration) on Friday after the close. For the bigger picture, the S&P 500 (/ES) is at a major Point of Control (POC) level. My main target is the structure that’s been extended from April.

In this week’s update, I discuss potential setups on NVDA and AMD that the Taiwan Semiconductor (TSM) earnings release on Thursday morning could turn into play.