$NVDA Nvidia 5th Wave - HUGE Near Term Put Buying
$NVDA Puts led Calls today 100 to 1. Roughly $530 MILLION DOLLARS of $NVDA Puts purchased today deep in-the-money. The biggest red flag is they were all near-term expiration December and January.
The daily chart supports a continuation of this final 5th wave down. Depending on the severity of the move I see two possible targets by January - $120 Long-Term Support Level / $103 Gap-Fill from May'17.
Note: Informational analysis, not investment advice.
The daily chart supports a continuation of this final 5th wave down. Depending on the severity of the move I see two possible targets by January - $120 Long-Term Support Level / $103 Gap-Fill from May'17.
Note: Informational analysis, not investment advice.
Comment:
Seeing additional very heavy January put buying today deep-in-the-money