Following its Q4 earnings' conference, 
NVDA (Nvidia) stock gapped up over 5%, but since then it's been trading downwards. If the stock continues in its decline-- and retests its previous resistance level at 155.00, then, I think, we'd be set up for nice swing trade. Once the earnings' gap fills, I think NVDA will be ready to fly... So, personally, I'd like to enter ATM calls if the stock price hits $155.00 or better, with expiration set at the end of this week (Feb 22nd). My stop would be set to 152.67, and my target is 158.24. Let me know if you have any thoughts on this trade setup--if you like it, or if you think it's garbage, or whatever. I'm still learning so all feedback is welcome.
-Carter
NVDA (Nvidia) stock gapped up over 5%, but since then it's been trading downwards. If the stock continues in its decline-- and retests its previous resistance level at 155.00, then, I think, we'd be set up for nice swing trade. Once the earnings' gap fills, I think NVDA will be ready to fly... So, personally, I'd like to enter ATM calls if the stock price hits $155.00 or better, with expiration set at the end of this week (Feb 22nd). My stop would be set to 152.67, and my target is 158.24. Let me know if you have any thoughts on this trade setup--if you like it, or if you think it's garbage, or whatever. I'm still learning so all feedback is welcome.-Carter
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.