As far as I can tell, very probable strong down impulse if it breaks from the current flag.
Please point out if I'm missing something indicating the contrary!
Nvidia might bounce on the 20 days moving average (green line), as in my opinion there is no reason for this stock to retest 100$ - Lot's of positive stuff coming from nvidia.
After not even closing 1 month negatively for the past 12 months, i don't expect it to do so now!
I'm bullish!
... for a 1.57/contract credit. (Earnings; High IVR/High IV).
I fiddled with various setups long enough ... . Here, I'm going out farther in time than I usually like to go with an earnings play in order to give myself time to be right.
Will look to manage to 50% max profit.
Metrics:
Probability of Profit: 63%
Max Profit: $157/contract
Max Loss:...
If you're a premium seller, you're probably doing a bit of hand-sitting here (again) with VIX again at sub-12 levels. There are, however, a few things that could prove productive ... .
NVDA: With a six-month implied volatility rank of 85% and general background implied volatility of 55%, it's ripe for a volatility contraction play. They announce earnings on...
I'm short $NVDA, aiming for considerable downside as $SPY starts a short term correction back to support in the 223 zone.
Valuation justifies taking any and all short opportunities in this stock, so, I'd reccomend taking a 0.5-1% risk position here and let it run for a month at least.
Good luck,
Ivan Labrie.
Strong move after breaking resistance today to finish above trend line. Will wait for another follow through tomorrow to consider adding onto current position
Looking for a relationship between earnings and price rallies I have added trend angles and earnings surprises at each announcement. The trend angle is placed from the price low price before the announcement towards the lowest price within the following month. The earnings surprise is printed in small print and the difference with the previous month in large print...
