Mar. 21 at 4:27 PM
$BAC $NVDA: OIL SHOCK RIPPLES THROUGH EQUITIES — KEY LEVELS IN FOCUS ⛽
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Geopolitical tensions in Iran continue to fuel sustained oil price volatility.
The macro impact is real:
📉 Fed rate hike odds for April jumped to 12.4% (from 6.2% a day prior)
📉 10-year Treasury yield surged to 4.38%
📉 S&P 500 down 4 straight weeks — longest losing streak in a year
$BAC key levels to watch:
According to recent options flow,
$44.00 Put saw +17,566 contracts (+649% OI surge) — a clear signal of institutional downside hedging . Meanwhile, upside interest is building at
$49.50 Call (+6,239 contracts, +379%) and
$50.50 Call (+5,539 contracts) .
$NVDA technical breakdown:
NVDA just broke below the 200-day SMA (
$178.27) for the first time since May 2025, now trading near
$172–
$174 . Key support sits at
$170 — coinciding with 131,000+ open interest at the
$170 Put level .
