NVDA options 08/12/24 near $2.20 ($2.33 open) – 9 days later $18.60 = 698%

My Reasoning:

My Trade Plan Details:

• IWM Aug 2 $220 calls near $2.80
  
• Stop: Close IWM below $215
• Target 1: $224
• Target 2: $228

Coming into this week, I am still a little gun-shy, but I think the market can keep adding to the recent gains we’ve seen.

If that happens, I want to go with the leaders and not try to speculate too much with smaller momentum stocks.

When it comes to market leaders, we all know the one that stands above the rest…

My Bullseye pick that I want to buy this week is (NVDA) calls.

My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price, which I list below.

If this trade doesn’t work out, then I am going to use a closing price under $97 as a stop, which is the recent low from the dip last week.

If this works out, I am looking for a move near $115 as target #1 and possibly even $120 as target #2.