RPP Newsletter – August 4th, 2026

 

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Please note our weekly Rebel Pit Pro webinar will be held on Tuesdays at 9:00 AM ET. If you miss the live session(s), replays will be posted in the ‘Webinars’ tab.

 

The Trade:

NVIDIA Corporation - NVDA- $206.64 Last Price

Buy the August 7th (07Aug26) expiration 207.50 call for roughly $4.25

with the stock above the $208.74 Level (08/03/2026 High) in an up (bullish) market.

OR

Buy the August 7th (07Aug26) expiration 202.50 put for roughly $2.50

with the stock below the $203.85 Level (20 SMA currently) in a down (bearish) market.

 

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  Fundamentals: NVIDIA Corporation operates as a data center scale AI infrastructure company in the United States, Taiwan, China, Hong Kong, Europe, and internationally. It operates through Compute & Networking, and Graphics segments. The Compute & Networking segment provides data center accelerated computing and networking platforms and artificial intelligence solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment offers GeForce GPUs for gaming and PCs; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. The company’s products are used in gaming, professional visualization, data center, and automotive markets. It sells its products to original equipment manufacturers, original device manufacturers, system integrators and distributors, independent software vendors, cloud service providers, add-in board manufacturers, distributors, automotive manufacturers and tier-1 automotive suppliers, and other ecosystem participants. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California. On the Upside: Target Resistance levels are up at: $210.96, $212.50, $214.39, $218.66. These are levels at which trimming/rolling/combi, and closing for profits can be considered. On the Downside: Target Support levels are down at: $200.67 (100 SMA currently), $198.44, $196.85, $195.04, $193.25 (200 SMA currently). These are levels at which trimming/rolling/combi, and closing for profits can be considered. NVDA's Daily ATR is $7.79 while the Weekly ATR is $15.47.

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Commentary: As covered in this past Weekend's Video 📺, there may have been enough damage done in key names such as SMH, DRAM, MTUM and MAGS for a bounce to develop, at least to some degree. Well...despite SMH not really ramping, the Qs and SPYs were able to lift strongly out of the gates. Typical "over the weekend" news helped to provide the story and it was mostly up and then up more from there. MTUM, DRAM and SMH all trailed the MAGS ramp so if they join in more strongly, the possible new all-time high scenario (discussed in our video), may be in play this week. Given today's liftoff, we can't rule out a Turnaround Tuesday especially because the "Iran Situation" seems to have a strong streak of GroundHog Day news cycling. The US & Japan seem to have teamed up to smash the USD/JPY way down and away from the danger zone and that's likely bought bulls more time and comfort as well. falling yields likely didn't hurt either. As of today's session, after having to skip them in this past Weekend's Video 📺, Market Breadth and Sector Views are back on track to some degree. So..., a lot is working well again but NOT All. More upside work and greater participation needs too develop to feel really good and to begin thinking that the next leg higher is officially upon us. So, until that time arrives, we strongly urge Rebels to remain risk-vigilant but should the upside momentum continue, we're fine with running with it while knowing that it may feel shaky for a litte while longer. Swans: Black, Gray and White or put another way, NEWS Developments. The Trump administration nearly constantly produces new news some of which is very surprising, so be ready for anything! That applies for this week and likely well beyond! And it may not only be the Trump administration with the current state of affairs in the world! Once again NVDA is our focus name of the week. NVDA has turned up strongly after a flushout below the 200 SMA last week. The AI Trade is coming back online and thus NVDA could power up to the recent highs and beyond if this market shift sticks. If NOT, it could retreat to the 100 SMA which would be a decent move for starters. With NVDA not reporting until later in August, IV levels remain reasonable give the movement potential. Pending EPS Reactions will likely impact the market and possibly NVDA this week so stay on top of those! NVDA seems capable of going further Risk On or back to Risk Off in the current mix. The options' cost vs. the ATR(s) is attractive right now. GeoPol news could change momentum quickly in all directions at any time! Keep the impact of the news cycle in mind when managing this week!  Reminder: Trade the market that's in front of us! NVDA normally offers excellent options market liquidity in which to transact. Risk: The total risk is the amount spent on the call or the put at the time you trigger the trade. What you spend is the most you can lose! Reward: Our reward will be in the increase in the value of our calls or puts from the trigger price to the target prices or your chosen exit price … whatever comes first. Stop Price:  Our call stop will be the stock trading (closing) back down below $208.74. Our put stop will be the stock trading back up (closing) above $203.85.  Notes 1 – It is important that we remember that this has the potential of being a two-way trade depending on market direction and commitment. Notes 2 – Don’t forget to use RPP Risk Calculation  Bonus Names: AAPL, TSLA, ORCL.   Please note our weekly Rebel Pit Pro webinar will be held on Tuesdays at 9:00 AM ET. If you miss the live session(s), replays will be posted in the ‘Webinars’ tab. Market Outlook

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Please note our weekly Rebel Pit Pro webinar will be held on Tuesdays at 9:00 AM ET. If you miss the live session(s), replays will be posted in the ‘Webinars’ tab. Options School

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Please note our weekly Rebel Pit Pro webinar will be held on Tuesdays at 9:00 AM ET. If you miss the live session(s), replays will be posted in the ‘Webinars’ tab.