We have been watching NVDA for the past few days, looking for price movement that would trigger a short trade, i.e., Jul puts. Here is the Hourly chart just after Friday's open, promising, but not there yet. NVDA Hourly Above is an aggressive entry, but the breakdown on the 240 Minute chart below would be more convincing, and therefore a better trade. Here, it would take a break below $132 to trigger the high probability trade we are looking for. NVDA 240 Minute NVDA Jul Puts We will give this trade just until early next week to trigger and then likely move on. There are other fish in the sea. Speaking of which, TSLA is holding up well as it is being bought on every dip. TSLA 180 Minute The next leg up BEGINS at a close above $375, targeting the all time high at $488.54 and $500+ after that. We already own the Sep expiration, so look to get more aggressive, going out to July, on any strong move UP in the coming days. TSLL July Calls TSLA Jul Calls A TSLA run to all time highs would take $450C up 5X. Sounds nuts, but we are talking about TSLA here and a 25% move up in 49 days is in the discussion.
