NVDA has good measured potential above last week's highs.

Aug 25

NVDA has room on the daily chart to about $135 if it can build above the highs from Friday and Thursday of last week. With earnings on Wednesday at 4:20 PM EDT, there should be significant opportunities to the long side if price continues to build above the daily 50 SMA. Equity was added long into the daily 9 EMA, and retest of the recent dark pool at $122.80, and I continue to swing long with targets at weekly highs and the daily upper Bollinger Band.

Aug 26

Trade active

NVDA held the daily 10 SMA demand, which provided an excellent place to add equity long at $124.50. NVDA $125 weekly puts also held the 10 SMA for the derivative price, which provided an opportunity to sell these weekly puts for 7.5 (750/contract) to take advantage of the high IV going into earnings.

Aug 29

Trade closed: target reached

I sold to open NVDA $133 weekly calls for 5 (500/contract) on Tuesday and bought them to close at .12 (12/contract) today. The $125 weekly puts were bought to close this morning for 2.5 (250/contract).