NVIDIA Corporation
Long

NVDA - Time to jump back in

202
A few weeks ago, I published a short-term NVDA play that worked out very well - riding the run-up to earnings, targetting $245 (and failing that, sell it right before market close on earnings day). Profits on at-the-money June calls were 100%+

As expected, they handily beat expectations. The stock price, however, were down the day the next morning. The run-up was just a bit too much, from as low as $210, it ran all the way up to $260 (ATH). Now that the price settled back down just under the $250 mark - a price it was seemingly allergic to for months, it is a good opportunity to go long.

I'd recommend calls a few months out, and keep your eye out on the next run-up to earnings.

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