Dear Option Pit Research,
Nvidia was founded on April 5th, 1993 by Jensen Huang, Chris Mala – I’m just kidding.
If you want to read the history of Nvidia, Google “history of Nvidia” and you’ll find a nice little breakdown. That’s not what Option Pit Research is going to bring you. We’re breaking down information and drawing conclusions by reading BETWEEN the lines, not telling you stuff you can read on the front page of Barron’s (no hate to Barron’s, I read it too).
Part 1 of our Nvidia Special Report will focus on the Rise of Nvidia and its ability to “move markets.” I’m going to start with some quick numbers:
- NVDA stock is up 125% YTD
- NVDA makes up the third largest chunk of the S&P 500, following Microsoft and Apple, coming in at 6.20%
- Just a few days ago on May 30th, NVDA stole headlines by reaching the super-exclusive $1 trillion valuation club for the first time
If you pay attention to what’s happening in the market and read an article or two a day, these are probably all numbers you know.
Let’s get into two you don’t… and then I’m going to tell you what they mean for us as traders.
Two Numbers You Don’t Know: 21.32 & -0.28
At Option Pit, we talk about “what moves markets.”
We care about what moves markets – and you should, too – because when we can pinpoint and understand momentum, we can anticipate it. That anticipation can yield profits over time – that’s trading. That’s what we’re here to help you understand, and provide you with the tools to make money trading.
This week, we’re targeting Nvidia.
Over the last year, there has been an undeniable correlation between the momentum and movement of Nvidia as a single stock and the overall markets.
I say undeniable because – well – you’re not blind:
