NVDA at support

4 hari lalu

NVDA is at a major support level. NVDA hit an intraday low of 127 today. Based on multiple technical indicators, NVDA is a buy around the 125 price zone.

VWMA20 = 140
VWMA50 = 140
VWMA100 = 125
TTCATR S3 = 123

Trade idea:
Long = 127
Stop = 123
Profit = 155

1) buy 100 shares

2) buy 125 call

3) long call spread
sell 155 call
buy 125 call

4) short put spread
buy 125 put
sell 155 put

Options data:
12/20/24 expiry
Put Volume Total 318,966
Call Volume Total 380,956
Put/Call Volume Ratio 0.84
Put Open Interest Total 2,304,003
Call Open Interest Total 3,040,469
Put/Call Open Interest Ratio 0.76

1/17/25 expiry
Put Volume Total 41,472
Call Volume Total 97,747
Put/Call Volume Ratio 0.42
Put Open Interest Total 4,177,795
Call Open Interest Total 3,391,793
Put/Call Open Interest Ratio 1.23

2/21/25 expiry
Put Volume Total 24,905
Call Volume Total 46,275
Put/Call Volume Ratio 0.54
Put Open Interest Total 1,009,356
Call Open Interest Total 1,217,139
Put/Call Open Interest Ratio 0.83