At least a 15% drop coming (maybe more)

JerryManders Updated   
BATS:NVDA   NVIDIA Corporation
NVDA is at the end of an overextended corrective wave.

Initial move to the downside will begin next week after earnings report - best case for NVDA is a drop to test 270 by end of June.

Would not be surprised with a drop to 185 by end of June 2023. Sounds crazy, but makes sense given that market is setting up for a major leg down that will be termed a "crash".. However, it will simply align with expectations of current structure and transition into next bearish cycle.

After the initial down we will see a bounce, but only to set up for lower low in 2024.

July Puts all day.
Posted an updated idea with new targets etc.. Nice run, I didn't hate the stock but I do now. Great opportunity to add July puts at a discount.
Break below 379 here will drop it to 363. Break below 363 will drop it to 315.

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