Not sure what direction NVDA is going, but I'll bet it has to do with the resistance that was part of the two previous highs. NVDA is doing quite well staying within the channel. I have a near term call credit spread 130/131 25 contracts 27th DTE. If the price breaks the resistance, I could see the price hit 137 early October. However, I'm hoping it bounces off resistance and it goes down to the channel support around 108 so I can do some puts and grab shares. What do y'all think?
Posted by phooddaniel1
3 Comments
Maybe yes maybe no
long term yes, near term buy the dip. You really cant go wrong with nvda its a beast of a company
We have seen this play out twice before. Yes, the correct answer is yes or no but pelosi would know for sure.