Svmuu News: Adam, a macro researcher at Greeks.live, posted on X that the rally appears to be losing steam. There has been a sudden surge in trading of bulk call options today, and combined with a decline in implied volatility, large investors have begun selling call options, with the current-month call options being heavily sold off. and margin released from the June quarterly settlement is rapidly being converted into short positions amid the rally. He suggested that traders might consider selling some 0.3-delta call options, such as the $66,000 call option for the following week.