Hand-curated weekly options trade ideas grounded in tracked capex, backlog, supply-chain bottlenecks, and sentiment signals. Each idea links to the underlying ticker page for the full company context.
Credo's September chain prices a 23.6% move into the Sep 1 print. The June quarter beat consensus EPS by 18% and the stock still traded down roughly 15% after hours, so the last print realized well under what the chain now demands in either direction. Short the 220 put and 300 call against 180/340 wings collects $17.05 on $40 of width, with breakevens at $203 and $317.
Dycom prints fiscal Q2 on Aug 26 after growing revenue 56% and adjusted EBITDA 75% in the prior quarter on record backlog, with management guiding $1.94B to $2.01B for the period. The stock trades at 56% of its 52-week range while the supply-chain basket sits at all-time highs, and that gap is what the print addresses. The 420/500 spread costs $22.33 against $80 of width and breaks even at $442, inside the 16.2% move the chain prices.
IREN's backlog stepped from $0.2B to $9.7B on a single Microsoft contract, and Microsoft is the only hyperscaler counterparty our project table carries for the name. The September chain prices a 24.3% move into the Aug 27 print while the stock sits at 45% of its 52-week range and the supply-chain basket makes highs, so the tape is discounting execution rather than rewarding the contract. The 44/31 put spread costs $4.49 for $13 of width and breaks even at $39.51.
Marvell reports Aug 27 with its custom-ASIC business levered to the same hyperscaler budget running $700B to $725B this year, up roughly 77%. The stock sits 33% below its 52-week high while the AI-leaders basket is up 48% year-to-date, and September implied vol reads in the 11th percentile of Marvell's own year against a 19.4% priced move. Long the 220 call against a short 280 costs $16.82 for $60 of width.
NVIDIA carries $95.2B of supply-related commitments into the Aug 26 print, against a Street that models roughly $91.8B of July-quarter revenue and an October guide near $103B. The September chain prices a 9.3% move, the cheapest implied in our tracked supply-chain universe this week, with implied vol sitting in the 22nd percentile of its own year. The 225/250 spread costs $8.00 for $25 of width.
Vertiv's implied vol sits in the 11th percentile of its own year going into the one week the cooling complex re-rates on somebody else's numbers. NVIDIA reports Aug 26 and Vertiv is the rack-level thermal co-development partner; our project table carries 3,099 MW of Vertiv-linked AI-lab capacity across SpaceX AI, OpenAI and Anthropic. Selling the Sep 290 call against a long Oct 290 costs $9.02 and is long back-month vega into that event, with October IV at 61.9% against September's 59.7%.