So we probably all know that Nvidia is not really valued dearly especially for the growth rates and I don't think that in the next few days, weeks or months something will change fundamentally. And as someone who also has Nvidia in the portfolio and also highly weighted that, the question arises for me even after the strong rally whether I should not hedge the position via put options. Because as we see on the right, the risk reversal index breaks down, which means that there is protection pressure on the Delta 25 put side and at the same time OTM options (tail skew) pull up far, which is also rather bearish to be interpreted. In addition, we see that the PutCall Ratio is at the level of January 2026 and after that there was no mega rally as far as I know :D And we also see that in April 2026 the PutCall Ratio was exactly the same as in the customs crash, which also supports the rally. All were short or bearish and when these positions are covered Squezzt it just mentally ill. But after the Squezze comes a pullback and precisely because the implied volaty is so low I am considering putting really "cheaper" puts in custody and to hedge and also to profit from the earnings of rising Vola. If anyone else has an idea or if I miss something, please feel free to point it out, because I wanted to share my analysis with you here so that we somehow all have something :D Again, no AI summary, but nice bad sentence structure and spelling! No investment advice :D
