Trade Ideas
UOA PRO New Trade Idea NVDA 8-10
4,100 28August 222.50 calls bought in mostly one order for 8.85-9.46. Stock 222.58-223.65.
New Trade Idea
Ticker: NVDA
Stock: 221.95
Trigger: 224.14
Targets/Resistance: 24.75, 229.68, 236.54, 241.63
Expiration Date: 28AUG
UOA: 4,100 28August 222.50 calls bought in mostly one order for 8.85-9.46. Stock 222.58-223.65.
NVDA $221.60 Last.
Moderately sized late Aug. apparently EPS-Inclusive ATM call hit. Stock has had a burst move off the flushout lows of 2 weeks ago and is now ST OB as a result. However, the charts look longer term solid if it can hold here and try to move higher. Have to be willing to consider it in case it puts another leg together in the leadup to EPS.
Trigger: $224.14, today’s current high.
Strategy 1: Consider the NVDA 28Aug. 225.00-245.00 call spread for $6.15 projected at trigger level today. Uncappable.
Strategy 2: Consider the NVDA 21Aug. 225.00 calls for $5.15 projected at trigger level today. Uncapped but requires rollout to stay in for EPS.
Targets: 224.75, 229.68, 236.54, 241.63