🔥🐂 [Earnings Season] NVIDIA: Tech Darling with Bullish Mojo 🚀 $NVIDIA Corp(NVDA)$ holds a special place in my heart, harking back to my younger days gaming to my college days mining for crypto. ❤️ $NVDA will be releasing its earning announcement 23/8(ET) post-market. In this article, I want to dedicate some brain juice to this emerging tech darling ahead of its earnings. 🧠 Bottomline and Price Targets Strong fundamentals with upward potential and bullish short-term technicals. I personally think there is more room to grow. Drawing the wisdom of the crowd, in the past three months, 32 Wall Street analysts have also projected Nvidia's future like modern-day seers. Their average price target of $504.46, equivalent to a

I closed $MU 20240426 114.0 PUT$  ,🏦 collecting full credit profits upon expiry over 22 days. This play remains attractive, will look for entry again!

I closed $PINS 20240426 34.0 CALL$  ,⚙️ covered call play on PINS wheeling worked out well this week. Securing full credit upon expiry! On to the next week.

I opened $COIN 20241122 310.0 PUT$  ,Massive bullish sentiments with recent Trump victory. In the past 2 days, we see whales loading up at least 20fold of bullish options premiums at 310 strike. Indicative of a short term floor. Opening a CSP to capitalize on theta decay

I closed $CHWY 20240802 23.5 PUT$  ,This expired in the money! I still believe in its fundamentals, despite it getting a reputation as a meme stock. Its down surge this week unfortunately was in line with the broader market correction. Time to wheel in coming weeks.

I closed $NU 20240809 12.0 PUT$  ,Bullish hypothesis of NU didn’t pan out too well given the recent market downturn. With the expiration coming up and the price too close to the strike price, decided to close with a small gain of 9%. Live to fight another day 💪

I closed $MU 20241004 124.0 CALL$  ,💸 got the full credit profits as my covered call expired worthless. MU shot up but retraced quite a bit past few days. Fingers crossed the price will rise in a bit

I closed $VST 20240802 78.0 PUT$  ,🔋This expired in the money! I still believe in its fundamentals, esp in the energy market. Its down surge this week unfortunately was in line with the broader market correction. Time to wheel in coming weeks.

I closed $CHWY 20240712 23.0 PUT$  ,🐶 booked a 81% credit profits over 8 days. While RoaringKitten has cemented CHWY’s meme stock status, it still has strong fundamentals. Still looking to enter again when I get the chance. 🦅

I opened $MRVL 20240503 72.0 CALL$  ,🎡 wheeling MRVL this time. Noted a strong negative gamma at 70 but not much more above that. This is indicative of a price pull to 70, but price may lack conviction to move further up in the next week. So experimenting with a covered call at 72, a little lower than my cost basis to try and capture more premium. Let’s see if this experiment pans out well next week. 🤞

I opened $NCLH 20240927 16.0 PUT$  ,🚢 luxurious ship firm meets good solid track record and fundamentals. Wagering on its bullish potential with a cash-secured put with some buffer away from the strike price.

I closed $NVDA 20241004 122.0 CALL$  ,💰 secured the full credit profits! Price closed above the strike price, so got forced sold of my NVDA holdings. Credit more than made up for the loss so no sweat! Time for another entry opportunity next week! 👀

I closed $HOOD 20240426 16.5 PUT$  ,🏦 collecting full credit profits upon expiry over 17 days. This play remains attractive, will look for entry again!

I closed $LI 20241004 34.0 CALL$  ,🏦 booked the full credit profits as the covered call expired worthless! Will hunt another round over covered call opportunity next week

I opened $SNAP 20240802 13.5 PUT$  ,🚀 Excitement is brewing over Snap as it approaches its earnings release, projecting a promising $0.02 per share profit—marking a significant 200% surge from last year. Revenue forecasts are equally optimistic, with predictions of $1.25 billion, representing a robust 16.94% growth year-over-year. This upbeat financial outlook suggests Snap isn’t just making strides, but potentially bounding ahead. I’m embracing a bullish stance, ready to capitalize on this momentum and ride the wave of Snap’s anticipated strong performance. Let’s see how this plays out! 🐂

I opened $JD 20240405 24.5 PUT$  ,🛒 JD.com has really grabbed my attention lately! It closed at $26.80, ticking up by 1.13% and beating the market trends, as the S&P 500 dipped by 0.31%. Over the past month, JD’s stock has soared by nearly 11%, outshining the Retail-Wholesale sector's rise of 2.43% and the S&P's 3.05% increase. JD is expected to announce earnings per share (EPS) of $0.63, down 8.7% year-over-year, yet its revenue looks promising with a slight increase to $35.69 billion. For the year, forecasts are optimistic, predicting earnings of $3.14 per share and revenue hitting $160.06 billion, marking modest but steady growth. In terms of value, JD’s trading at a Forward P/E of just 8.44, a steal compared to t

I closed $VRT 20240614 96.0 PUT$  ,❌ Got exercised and have to force-buy VRT. No worries - fundamentals on VRT remains attractive with strong EPS and EBIT. Ripe time to start the wheel on VRT next week! 💪

I opened $SPY VERTICAL 240614 PUT 538.0/PUT 539.0$  ,📊 Fair bit of market makers’ positioning of positive GEX and negative VEX at 540, indicating a moderate zone of support at that level for the coming expiration at 14/6. Slight bias to the upside at least for this expiration term. Here’s a short bull put spread to play on this hypothesis. 🤞

I closed $AMZN 20240802 175.0 PUT$  ,💳 This expired in the money! I still believe in its fundamentals, esp in the online retail market. Its down surge this week unfortunately was in line with the broader market correction. Time to wheel in coming weeks.

I opened $NVDA VERTICAL 240531 CALL 1090.0/CALL 1095.0$  ,📈 NVDA seems to be reaching a point of oversold exhaustion. A lot of exuberance from the recent announcement. Dealers positioning from the options flow also signal increasing resistance at 1070-1080. Gets betting on a bearish move in next 2 weeks 🤞