Avoid entering new positions in the tech sector until after NVDA earnings announcement
Disclaimer: Whatever I say or post doesn't act as financial advice, so please do your own due diligence before making any decision. I will stay away from tech related stocks and the S and P 500 index for now because NVDA is announcing earnings after market. The reasons: 1) Despite the news on problem with their newest chip being announced, the stock still holding strong end of yesterday. But today it seems to be indecisive. With that said, NVDA has one of the highest weightage on S and P 500 index, its like 7%+. So either way it swings post earnings, it's going to carry the market tgt with it. So personally I will avoid SPY, QQQ, XLK for now. 2) its just such a hyped stock this year with the whole AI explosion. So its hard to give a clear evaluation on the company. So to me if someth
$KO VERTICAL 241227 PUT 61.0/PUT 60.0$ In relation to my first post on KO, I adjusted the Strike price and got filled @ $0.24. Im happy with that. [Sly] @madluvyz - Specialist in using TA to sell options and swing trade.[Cool]
$NVIDIA Corp(NVDA)$ I personally dont trade earnings call. But as you can see on my chart, it's indecisive. So I will take an air of caution and hold off till market open tomorrow, after the earnings call. I rather miss out then lose out. [Cool] @Madluvyz - Specialist in using technical analysis to sell options and swing trade.
KO has hit the bottom of regression line, and bouncing off with slight bullish signal. With that, Im going for a 60/59 Put spread, 27/12/2024 expiry, for at lest $0.20cr. Giving it time to turn bullish and tradtionally stock rally real hard going into the end of year and new year. But with Trump at helm and Republicans having full control of the Senate and Congress, its hard to predict. So coming from a pure Technical analysis perspective. @madluvyz - A specialist in using technical analysis for sell options strategy and swing trading.
Both stocks are shooting to the moon. So personally I wont even touch these stocks at present time. But based on pure fundamental standpoint, I will go for COIN. 😃
$SUPER MICRO COMPUTER INC(SMCI)$ Selling a 17/16 put spread on SMCI 20 Dec expiry. Clear indicators of a bounceback, 17 is at the lowest support lvl at the nearest bottom regression line. My rule of thumb, at lest 20% profit from every trade. [Miser] In this trading game for the long run. @madluvyz - Specialist in sell options trading and swing trading.
NVDA facing some pressure going into earnings on Wed, post market. I wouldn't make any new positions on tech and chip companies till after earnings announcement. It might have a huge swing on either direction, and I predict it is going to carry the whole sector with it. So better be safe than sorry would be my advise. [Yummy] @Madluvyz Using options as a leverage tool is my forte*
As I predicted, technology stocks were running up a tad too fast, leading to a boiling point. Now its undergoing a minor correction. My sell Call spreads are all safe now. Phew! It was a positive end to the week. Onwards to the next one! [Cool] [Miser] [Heart]
I already took profit of some of my position in BTC. Still long on it but always living on the philosophy of be fearful when market is greedy and be greedy when market is fearful. [Miser] [Cool] [Tongue]
Im still bullish on AAPL, and will long on the stock. Looking at the technicals, there might be a short term correction looming as money seems to be rotated out of XLK (Tech ETF) to other sectors. So for those looking to buy in or increase their positions, watch out for possible entry points. :)