VIX Signals Move Higher on Low Volume, then Reversal

  Seems everyone has a comment on the market being ATH.  And bullish sentiment is very high, and with good reason- government policy promoting capital growth, a shift from old industry to more efficient industry and models, borrowing rates declining allowing for creativity in emerging markets. Meanwhile, I take it with caution.  It’s amazing how the “new” market is opened up to so many novice traders, who can buy up stocks in the past few months and score an easy win, and suddenly they are experts.  “It’s going to go higher,” you’ll read in almost any comment section or feed … Continue reading VIX Signals Move Higher on Low Volume, then Reversal

NVDA watch

Been long since I traded options, but every now and then there are some high “R” plays out there.  Bought puts in NVDA ahead of earnings. A rare play on crypto and auto, as I believe the stock is overpriced due to crypto traders.  Good company, but also believe guidance is priced in, so I’ll ignore the analyst upgrades ahead of earnings (310). Weak floor at 242.66 with trickle up from 7/31 to date.  This run-up is easier to take out  (-6%). 6-month chart shows true floor at 213.70 (-20%)  so 225 (-15%) is the natural hedge for longs, so … Continue reading NVDA watch