NVDA right now · down 0.1% · 16:47
Nvidia is 204.63 at 16:47, down 0.1% from today's 204.81 close.
The market's closed, so this is the plan for Mon Nov 2.
Options are pricing a 4.68 move either way by Mon Nov 2, 199.95 to 209.31.
Calls over 209.68
Today's high, the top of Monday's expected move and the Sep 14 low sit at 208.78 to 209.49, and getting over them opens room to 212.31, the top of the Oct 30 gap.
5 minute close over 209.68, then a pullback that holds it
Targets 212.31, then 214.14, the top of this week's expected move. Stop 208.59
Nov 2 $210 call
Puts under 200.73, the main plan
Last month's low, today's low and last week's low sit at 200.92 to 201.00, and losing them opens room to 197.77, the Feb 25 high. It's the main plan because the daily trend is down and NVDA is lower after the close.
5 minute close under 200.73, then a pullback that holds it
Targets 197.77, then 195.49, the bottom of this week's expected move. Stop 201.19
Nov 2 $200 put
Levels
Above 207.83 (+1.6%) gamma flip
Above 207.17 (+1.2%) Aug 24 low, last week's value area low
Above 204.71 (+0.0%) 200 day average, today's close
NVDA now 204.63
Below 200.93 (-1.8%) last month's low, today's low
Below 200.04 (-2.2%) put wall, bottom of Monday's expected move
Against the market
The S&P 500 is up 0.1% and chip stocks are up 0.1% after the close. NVDA is weaker than both.
Options
Pricey next to how NVDA has really been moving, so buying options costs more than usual with earnings ahead. Call wall 220.00, put wall 200.00. By Fri Nov 6, a 9.37 move either way, 195.26 to 214.00.
Earnings
Tue Nov 17, priced for a 6.9% move
Headlines
Oct 29 23:11 Nvidia shares fall 1.64% after hours (Benzinga)
6:07 US stock futures fall as AMZN, INTC earnings trigger tech sell-off (Yahoo Finance)
8:47 NVDA stock rebounds as traders weigh Trump share sale (StocksToTrade)
Anyone who asks NVDA at 16:47 gets this same card.
Genie Trades game plan · not financial advice · options can lose 100%