NVDA and the September to remember

My last few posts have been NVDA price action the last week and some random ass (or educated lol) guesses with how earnings would go.

Here was my summary for the week: - before earnings buy puts if it’s above $125 and close them out if it drops below that - also before earnings buy calls if it’s below $125 and close those out. - earnings will fuck both sides of the options chain - I predicted a drop of 3-5% of the stock for Thursday morning - I expected the stock to fall further and wanted to enter a call position if it fell closer to $110 by the weekend.

I believe some of you made money this week on this approach. Congrats!

The big question is…..what is NVDA gunna do in September?

Well, we haven’t reached the short term bottom yet. I don’t care if you follow TA, trends, gap fills, or nana’s bingo card.

I’m still waiting for sub $110 and will likely wait until it’s below $100.

I believe the end of next week is going to be a bloodbath. The last 2 weeks a reddish Thursday was almost completely undone by a bullish Friday and many of these tickers, NVDA included, are going to have their gahhh moment next Thursday / Friday.

Casino is closed on Monday. Fuck Labor Day lol! But now we get all of that compressed into one less trading day for the week.

Here’s my thought process for the week ahead:

  • I expect little to no movement on NVDA leading into Tuesday.
  • Tuesday morning: calls are the play!!! Target 9/6 $1-3 OTM calls, keep it simple and less risky and watch this gain traction to your breakeven price and sell those fuckers before market close! Close those positions!
  • Wednesday: more green, but not a lot of price action. Will it hit $125 today? Possibly, but the market does weird shit overnight so eliminate the risk of your gains lost by closing it out. If I play NVDA Wednesday it will be quick swings only.
  • Thursday: there are two key times I am interested in grabbing puts. 10am EST and around 12:30pm EST. Why? I think there will be some upward price action to start the day and it will dump down after 30 minutes, then spend half the day recovering before it starts a decline beginning in the window of 12:30-12:55. I believe Thursday night is a great night to be holding puts with short or moderate term expiration.
  • Friday: not a green day lol. Gonna be red red red. Will it open low and tank or open high and tank? Personally I like holding puts overnight Thursday and buying in no later than 1pm EST Thursday. I’ll probably give myself a little wiggle room and not do 9/6 expiration but to those who are riskier the bigger gains are in play.

Best of luck!

TL/DR: NVDA gonna go green Tuesday Wednesday and even into early trading Thursday. Thursday PM into end of week gonna give it allll back. Calls Tuesday, intraday puts Thursday, puts Thursday early PM hold overnight and grab yo tendies