How to Play Pullback in NVDA

Hi Shoppers,

I have a great inexpensive way to play Nvidia Corp (Ticker: NVDA) to the downside.

It’s called AXS 1.25x NVDA Bear Daily ETF (Ticker: NVDS).

NVDS is much cheaper because it trades at $9.00.

Looking at the calls, I like the Jun16 expiration:

The 10 calls with 17 days left are only $.30.

A very nice cheap shot.

Trade Review

There could be a doji formed yesterday in Pepsico (Ticker: PEP) indicating a change in that downtrend. Look for a confirmation trading higher this morning before hopping into some calls.

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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