April 23, 2026 - April 24, 2026, the price of '↑ $2.75' plummeted from 23c to 7.5c, as the approaching month-end settlement date and lack of sufficient upward momentum in the daily index caused long positions to be heavily liquidated.
April 21, 2026 - April 23, 2026, the price of '↑ $2.75' plummeted from 33.5c to 12.5c (later rebounding slightly to 22c). The reason is accelerated time decay with less than a week until the end-of-month resolution, coupled with likely lack of upward momentum in the recently published H100 rental data, triggering long liquidations.
April 13, 2026 - April 15, 2026, the price of '↑ $2.75' surged from 18c to 39.5c, likely because the market observed a strong rebound signal in H100 rental prices after the crash, reigniting expectations of hitting this level.
April 10, 2026 - April 12, 2026, the price of '↑ $2.75' plummeted from 45c to 9.5c. This is likely due to a clear weakening in the actual trend of H100 rental prices, as the market confirmed a significantly higher probability that this high level will not be reached by the end of April, triggering panic selling or long capitulation.
April 3, 2026 - April 5, 2026, the price of '↑ $2.75' retreated from 95c to 84.5c, likely due to a short-term stabilization or slight adjustment in H100 rental prices after hitting highs, prompting some investors to take profits.
March 27, 2026 - March 29, 2026, the price of '↑ $2.75' surged from 24c to 87.5c, likely because the market observed an actual significant increase in H100 rental prices or clear signals that the price is about to hit this level.
March 17, 2026 - March 23, 2026, no options experienced price movements exceeding 10c. The market has entered a period of stability, awaiting new monthly index data releases.
March 10, 2026 - March 16, 2026, the price of '↓ $2.20' consolidated between 8c and 10c, following its previous crash from 26c. This indicates the market has priced in the 'rising floor' thesis, with current pricing reflecting long-tail risk hedging rather than genuine expectation of a drop.
March 2, 2026 - March 5, 2026, the price of '↓ $2.20' plummeted from 26c to 9.5c as the market confirmed, with expiration approaching, that H100 rental prices have firmly established a floor above $2.20.