Tdy is also the triple twitching day where lots of options & futures expires... a drop is expected w the short covering - the exciting part is how market is going to close tonight! Perhaps it's time to keep $NVIDIA Corp(NVDA)$ on my watchlist since Mr Jenson is taking profit on the prices!
Article to make those who are left in the station happy?? Hmmm.... it's still rising!!!! be nimble though my friends who are riding this wave!!! Still long term $NVIDIA Corp(NVDA)$ bill on NVDA - I like Jenson's talk on life is about suffering - just don't suffer too much drop on the pullbacks !! what goes up must come down - so if u are just for the quick ride - be careful esp of u get at 130-ish.
I've mentioned $Palantir Technologies Inc.(PLTR)$ many times in my sell put strike $21. Happy to collect some pocket money. As I'm sitting 100% profit in my very old position, I'm looking for first target at 31 back to 25 to retest it before it goes back up to the 42!!! Last intrinsic value I calculate this was at $17-$19. So trade carefully my friends!! Be nimble if u get it at higher prices! Still I remain long term bullish on $Palantir Technologies Inc.(PLTR)$
$McDonald's(MCD)$ has returned to the levels I like. Typically $230-$250 been the entry price for this ticker. Since now this big giant has awaken about the pricing - which has gone from a cheap & fasteat to the crazy price in Connecticut - it's ready totake on a price war - something encouraging that steps are taken to re-establish its place as the King of fast food. Ok I will go with u in this as I believe in $McDonald's(MCD)$ - as history shows - people eat macdonalds when in recessions - and with the price coming off. Sales will slowly increase. Since $Coca-Cola(KO)$ is supporting them as per this article - that's a great cookie point! [Grin]&
Let's take a look at $Netflix(NFLX)$ performance. Nflx has done a great job with the first mover advantage & all the collaboration with the local shops/ lifestyles & trends to keep up with the attention seeking generation. The ability to raise prices and yet minor drop in subscription which they recovered it seems to show the anchor tv / movie moat they have compared to Disney. the recent surge is healthybut against the backdrop of a suspicious cloud where everyone thinks that the market can't be keeping with new highs - it will be an unfortunate victimof pullback due to macro environment. The current options premiums are not attractive so perhaps "do nothing at the moment" for me is a strategy withthis ticker. In longer term I
As much as I like $NVIDIA Corp(NVDA)$ I remain my stand to wait on the pullback by collecting premium fr selling puts. shadowing the history of $Apple(AAPL)$ pullbacks of 20% can be possible as S&P hovers the highs with lower trading volume. So my trade idea: sell put strike @ 105 delta 0.20-0.25 expiry will depend on your holding power. Havingsaid this I'm prepared to double down should 105 breaks. [Cool]
I tested Nio in China shanghai - it was a great experience! Hence somehow at current levels 4-5$NIO Inc.(NIO)$ seems just unjustified as it's showing improved sales.
Interesting article, personally I also feel $GameStop(GME)$ is overvalued based on traditional DCF methodology. Well, here's the work of Mr Market against the many who see Roaring Kitty as the icon forthe everyday men & women working their lives off. A beacon of hope & perhaps a cult/ inspiration. Assuch, the prices becomes unpredictable. [Miser] [Anger]
The $NVIDIA Corp(NVDA)$ story continues to push up the entire bull landscape out there. There are many who will want to own this giant in their Portfolio hence it will be a buy on dips kind of scenario with the upcoming earnings release. My calculated intrinsic value of this stock is $740 but given the hype with chips it might be hard to get there again. Given it's an expensive stock, I'll prefer to take an option trade vertical to buy a bull call 1100/1110 spread value 21 June that cost me only $1.50 per contract but the rewards can be as high as $3. To cover this cost partially I took a bullput spread same value date at sell call 1150/buy call 1140 which generated $0.90. My max
My once-in-a-life timetrade till date is probably DBS In covid era. Stocks were sold off below fair value and well I kinda conclude that if everyone is to die in the apolcalyse there is no use for money anyway. YOLO [Happy]
Roaring Kitty been posting bear beware / friends/ he's back meme every other 15mins but $GameStop(GME)$ Just keep sliding. Seems everyone is waiting for his trigger - time & pressure - as hinted. Gosh this is unfolding into an epic reality show mate! 😎
Market Pyschology reading assessment to the max! $GME probably really holds the records of number of halts up & down. No matter which direction you are trading - beware - there are many FOMO players around this time & the musical chair can end swift & painful. Set a stoploss & take profit target - manage your greed. Afterall meme stocks are just for happy fun trading, dun get too serious with it.May the huatness of the markets be with you[Allin]