Bullish bets on Nvidia, other ‘Magnificent Seven’ members near their most crowded levels in the past year

Bets on risky bullish options tied to members of the “Magnificent Seven” and other market-leading technology stocks are nearing their most crowded levels in the past year, according to data from market-data firm Spotgamma.

This is prompting some derivatives-market experts to warn that the broader equities market could be at risk of a pullback as Big Tech stocks, which have led the market higher over the past year, could falter following Friday’s options expiration.

According…