NVDA options 10/28/24 near $3.50 (opened $3.60) –  1 days later $4.70 = 30%

My Trade Plan Details:

• NVDA Nov 8 $147 calls near $3.50
• Stop: Closes NVDA below $138
  
• Target 1: $147
  
• Target 2: $152

My Reasoning:

This week, I am generally optimistic about the market again. For all the wild swings we have seen lately, NVDA managed to attempt a new all-time high on Friday, even though it was rejected.

I think the market will power higher this week as we digest the latest round of big earnings announcements from most of the “big boys” including GOOGL, META, AAPL, MSFT and AMZN.

This will create a lot of volatility, so make sure you are ready for it.  This will not be an easy week of smooth sailing.

Assuming the NVDA powers to new highs, I am very confident that semiconductors will lead the way.

The chart I like best (and also doesn’t have earnings this week) is the pack’s leader, and I am betting it hits my $150 price target very soon.