Hi Shoppers,
I need to be short and sweet here today because all of us from Option Pit are in Chicago for a few days IN PERSON … after working remotely for almost two years now.
So cool to be back together!
The energy is contagious (but that’s the only thing).
Let’s go straight to my trade idea.
Here’s What I’m Looking At
Check out the chart in Nvidia (Ticker: NVDA):
See the downward trendline I drew in red from March 29 when the stock high was $289.46
It traded a low of $155.67 on May 12 where it formed a nice doji.
If NVDA opens and trades over $182 today, I will be a buyer of the May 20 185 calls.
Earnings are to be reported on May 25 so I am going for the quick move up.
I think the next stop in NVDA is $205-$210.
Thirsty!
Thanks for Reading ,.. See You Next Tuesday.
Licia Leslie