We have some Bearish Divergence on NVDA after reaching the PCZ of a 4 Hour Bearish Shark; if we get some serious followthrough I could see it going down to $400 or even all the way down to about $350
I will be selling multi-week calls around the strike of $425 and $435
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NVDA has formed a Bearish consolidation within the Pattern Completion Zone in the form of a Right-angled and Ascending Broadening Formation and has confirmed two Partial Rises in the process. We should now expect the Bearish Mark-Down on NVDA to begin at speed.
puts always high so i plan to collect that profit once 5% drop happnes within a week or two and puts premium is always high n will be higher
RizeSenpai
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@amaloyz, Nice stuff those puts are killing it and those sold calls have nearly dropped 50% we traded this one very cleanly good job!
amaloyz
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added 100k puts few months out today on gravestone doji eod !! lets get that 15%
RizeSenpai
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@amaloyz, Nice stuff! today was a great day for selling calls at the highs. Buying puts could prove to be a bit harder as the underlying price could just sit around for a while and the puts are selling for over 20–30 dollars a piece, which is kind of high for my tastes. It would seem like right now the safest play is to collect premiums or some combination of the two.