Trading NVDA for a Run into Earnings
I started a position in NVDA with some long calls to add to my stock positions, then @traderbruce came up with a butterfly I had to add. Check it out here.
I started a position in NVDA with some long calls to add to my stock positions, then @traderbruce came up with a butterfly I had to add. Check it out here.
August is here, and there are squeezes setting up across the indexes and sectors. Right now, I see opportunity in TSLA, NVDA, YETI, CRWD, and more, along with key earnings reports this week in NET, ETSY, and more.
Daytrading is often a great way to tackle the uncertainty of one of the trickier months of the year.
While it may be a bearish month seasonally, is that necessarily a foregone conclusion, and where might the opportunity be in a pullback?
MA has a nice pullback cluster on the Daily. Please be sure to wait for triggers. It is a royal setup.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
Next week kicks off what is seasonally the two most bearish months of the year, but it comes at a time when we are seeing the largest and most persistent bubble ever… which one wins out? Let’s review.
Natural gas is one of the stronger corners of the energy market. It’s not tethered to crude oil and OPEC and has maintained a structured uptrend. Here’s a breakdown on the ETF alternative, seasonal, trends, and volatility that we can expect to set up the buy.
In this update I discuss budget and affordability around overnight swing trading futures, options, and ETF options and why the futures contract is still the touchstone for the trade.