112 replies to this topic

[dTraderB]

Recovered to 551 ... Loading up with PUTS... 3 so far, want at least 7, ASAP!

ADDING NVDA PUTS on any bounce.

BASICALLY SMCI & NVDA STRANGLES

BUY ORDERS FOR SMC1 510, 500, 490 CALLS, and NVDA 120, 110 CALLS

550 smci CALL buy limit
Will also add nvda below 125

NVDA down 5 from today's high, will buy at least 2 CALLS
New SMCI CALL POSITION: down 47, start with 565 Call

[dTraderB]

Same here! After NVDA EARNINGS I AM GONE!
Return next week, will monitor markets, and reports etc, PCE etc

Think I'm in holiday mode lol!!  Barely paid attention yesterday and today did go long on the Ndx for a 50 point profit but most importantly I added to my short to even it out at 5600.  Market seems to be in holiday mode to but remains incredibly overbought and bullish.  Everyone is waiting for Nivideas earnings tomorrow which in my view is a massive mistake putting an entire market on one stock, its rare these things work out in the end so we'll see how it goes in the end.....

[dTraderB]

Closed 1 nq long 19638.5

[dTraderB]

NVDA green again... will add at least 1 PUT above 128. STILL NET LONG NVDA
SMCI at 550, will add another PUT.
Net short SMCI. I think SMCI will test that 490 level by end of week

Recovered to 551 ... Loading up with PUTS... 3 so far, want at least 7, ASAP!

ADDING NVDA PUTS on any bounce.

BASICALLY SMCI & NVDA STRANGLES

BUY ORDERS FOR SMC1 510, 500, 490 CALLS, and NVDA 120, 110 CALLS

550 smci CALL buy limit
Will also add nvda below 125

NVDA down 5 from today's high, will buy at least 2 CALLS
New SMCI CALL POSITION: down 47, start with 565 Call

[dTraderB]

"As Nvidia awaited, Treasuries absorb new deluge
Equity options traders are expecting Nvidia's report to spark a more than $300 billion swing in its shares over the day ahead. Pricing anticipates a stock move of almost 10% on Thursday - larger than the expected move ahead of any Nvidia report over the last three years.

And it's a big earnings day more broadly for Big Tech - with Salesforce also reporting and CrowdStrike updating following a July flub that sparked a worldwide computer outage.

[dTraderB]

Besides NVDA, CROWDSTRIKE & SALESFORCE. Would be away from tonight until next week but will place a few PUT & CALL LIMIT ORDERS.
"Key developments that should provide more direction to U.S. markets later on Wednesday:
Federal Reserve Board Governor Christopher Waller in India and Atlanta Fed President Raphael Bostic speaks
US corporate earnings: Nvidia, Salesforce, CrowdStrike, HP, NetApp, JM Smucker, Cooper Companies, Bath & Body Works
US Treasury sells $70 billion of 5-year notes, sells two-year FRNs

[dTraderB]

SMCI down near 490
Will close all 4 PUTS!
Will add stock below 460

NVDA green again... will add at least 1 PUT above 128. STILL NET LONG NVDA
SMCI at 550, will add another PUT.
Net short SMCI. I think SMCI will test that 490 level by end of week

Recovered to 551 ... Loading up with PUTS... 3 so far, want at least 7, ASAP!

ADDING NVDA PUTS on any bounce.

BASICALLY SMCI & NVDA STRANGLES

BUY ORDERS FOR SMC1 510, 500, 490 CALLS, and NVDA 120, 110 CALLS

550 smci CALL buy limit
Will also add nvda below 125

NVDA down 5 from today's high, will buy at least 2 CALLS
New SMCI CALL POSITION: down 47, start with 565 Call

[dTraderB]

Whike waiting fir PUT fills I will buy a few, small amount, at current price below 470
Will gradually add below 460

SMCI down near 490
Will close all 4 PUTS!
Will add stock below 460

NVDA green again... will add at least 1 PUT above 128. STILL NET LONG NVDA
SMCI at 550, will add another PUT.
Net short SMCI. I think SMCI will test that 490 level by end of week

Recovered to 551 ... Loading up with PUTS... 3 so far, want at least 7, ASAP!

ADDING NVDA PUTS on any bounce.

BASICALLY SMCI & NVDA STRANGLES

BUY ORDERS FOR SMC1 510, 500, 490 CALLS, and NVDA 120, 110 CALLS

550 smci CALL buy limit
Will also add nvda below 125

NVDA down 5 from today's high, will buy at least 2 CALLS
New SMCI CALL POSITION: down 47, start with 565 Call

[dTraderB]

...in free fall... no SMCI trades as yet...
May get longs below 450 & PUT fills below that.

Whike waiting fir PUT fills I will buy a few, small amount, at current price below 470
Will gradually add below 460

SMCI down near 490
Will close all 4 PUTS!
Will add stock below 460

NVDA green again... will add at least 1 PUT above 128. STILL NET LONG NVDA
SMCI at 550, will add another PUT.
Net short SMCI. I think SMCI will test that 490 level by end of week

Recovered to 551 ... Loading up with PUTS... 3 so far, want at least 7, ASAP!

ADDING NVDA PUTS on any bounce.

BASICALLY SMCI & NVDA STRANGLES

BUY ORDERS FOR SMC1 510, 500, 490 CALLS, and NVDA 120, 110 CALLS

550 smci CALL buy limit
Will also add nvda below 125

NVDA down 5 from today's high, will buy at least 2 CALLS
New SMCI CALL POSITION: down 47, start with 565 Call

[dTraderB]

A ST OR VST MARKET TOP is in place....
Unless ... market makes new weekly high.
Yeah, that is not too useful but topping is a process except in a few rare cases.