Trade Ideas
UOA PRO Update NVDA 8-13
23,250 04September 240 calls bought for 4.13 above open interest of 7,238 contracts; 23,250 04September 270 calls sold for 0.58 above open interest of 2,041 contracts. Rolled from a 15,500 contract 18September 225//270 call spread. EPS 08/26 after close. Stock 225.83
Status Update
Ticker: NVDA
Stock: 225.88
Expiration Date: 28AUG
New UOA: 23,250 04September 240 calls bought for 4.13 above open interest of 7,238 contracts; 23,250 04September 270 calls sold for 0.58 above open interest of 2,041 contracts. Rolled from a 15,500 contract 18September 225//270 call spread. EPS 08/26 after close. Stock 225.83
UOA PRO New Trade Idea NVDA 8-10
Ticker: NVDA
Type: Bullish Call Buying
Stock: 221.95
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