Chip makers had a great year, AMD with about 700% from the past year - however, its time for AMD and NVDA to cool off.
With indexes at ATH's, geopolitics heating up - there is no doubt that after these huge gains, people will race to take profits.
While my AMD chart didn't make a clear shoulder, the H&S pattern is still there, and im still actively short....
A high implied vol rank/implied vol, earnings volatility contraction play with no downside risk ...
Metrics:
POP%: 72%
Max Profit: $101/contract
Max Loss/BPE: $199/contract
BE at 111.01 (no downside risk).
Notes: A good finish remains between the short strikes (95.5/113). Attempting to avoid getting "AMD'd" here ... . Will look to take profit at 50% max. ...
Sometimes breakout trades fail. I wanted to post this as a very recent example of a failed trade, since that's part of reality. You can be wrong and still succeed, the critical thing is to avoid large losses.
This trade was a falling wedge, and I decided to try to take a long on a break of the falling trendline.
To properly manage risk, I try to make sure I'm...
On April 28, 2017, NVIDIA stock crossed below its 100 day moving average (DMA). Historically this has occurred 106 times and the stock drops a minimum of 0.327%. The median drop is 6.170% and maximum drop is 44.146% over the next 12 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 54.3666. RSI tends to...
Very strong Company and, for my opinion, very prospective. I will buy a small part today just for start and if every thing is good i will develope the full position
Stock bouced at a very strong support.
There was a complete change of emotions today, a change of power. ( The bears had control last week and were in power but today with a gap up and with a close for a positive day, the bulls are now in control and have the power. A lot of bears are starting to wonder if the should exit tomorow if the stock move higher and...
NVDA shows support levels at 95 Implied Vol is 45% Current HV at 26% DOJI Candle from Down trend. watch for reversal next two days target 107. Closes below $96 in next two days No longer a trade.
Sell 28 April 98 Put/Buy 28 97 Put .35-.40 credit
NVDA was the stock of the year and it is great company in my opinion. People mostly focus on their GPU market, but it's hard to ignore their strong hand into the hardware and software for A.I. Researchers love using (CUDA) software, which just saves time but it's also reason enough for it to be to-go choice for machine learning, deep learning etc. (GPU...
NVDA reports on 5/9, and has been in a downward channel since the double top at 120. How low can it go before ER? If you are bullish on the company long-term, at what price points do you start scaling in?
If you didn't notice the bullish reversal on 3/7, then another entry was on 3/17 for a long position. The trailing stop is $5 of risk, not too shabby. $NVDA is one of our favorites for a Skip-strike butterfly trade, especially if you want an OTM position for higher risk reward (due to the price fluctuation and strike hits).
Our youtube post on our site discusses...
