I think I have to lead with this: NOT FINANCIAL ADVICE
NVDA has been on an absolute tear - and with a garbage day Friday it has left us with a great swing trade. This one can be expensive - so run 2 weeks out and only put up what you are willing to lose - best case scenario IMO is that it breaks out to the upside and calls are triggered because this stock is on fire right now, but either way puts should pay as well if it breaks down.
So the trade. Draw the channel on your chart. (I went a little past the inside day on the channel to the upside to get rid of some false breakout chance)
I was going to give option specifics but I dont want to do that . I will give you this
Over 330 we are target ATH's within ~ 1-2 weeks - but I would exit at 340.
Beneath 309 we are targeting 290 - but I would exit close to 300-301 and take gains.
NVDA has been on an absolute tear - and with a garbage day Friday it has left us with a great swing trade. This one can be expensive - so run 2 weeks out and only put up what you are willing to lose - best case scenario IMO is that it breaks out to the upside and calls are triggered because this stock is on fire right now, but either way puts should pay as well if it breaks down.
So the trade. Draw the channel on your chart. (I went a little past the inside day on the channel to the upside to get rid of some false breakout chance)
I was going to give option specifics but I dont want to do that . I will give you this
Over 330 we are target ATH's within ~ 1-2 weeks - but I would exit at 340.
Beneath 309 we are targeting 290 - but I would exit close to 300-301 and take gains.