To The Moon

TL;DR: For Nvidia's Q4, the expected trading range is roughly $90-130, with $110 as the median price point.Following Nvidia's Q2 earnings release, the famous $200 million trader rolled their position:Closing $NVDA 20240920 105.0 CALL$ 100,000 contractsOpening $NVDA 20241220 110.0 CALL$ 126,000 contractsPreviously I may have conflated their position with other funds, as it's not uncommon for prominent whales to have imitators piggybacking.Evaluating the closed 105 calls ($NVDA 20240920 105.0 CALL$ ), the trader likely took a small loss based on the chart, but nothing extraordinary f

Last month, the Federal Reserve implemented its fifth straight interest rate hike this year, and its third consecutive hike at 75 basis points, bringing its key funds rate up to the 3% to 3.25% range.

Futures up: Dow 0.15%, S&P 0.24%, $Nasdaq$ 0.28%.Moderna, Cigna, Penn National, Wayfair and others made the biggest moves premarket.crude oil was steady after several days of losses on the risks to demand posed by the delta variant.Futures contracts tied to the major U.S. equity indexes were mildly higher Thursday morning as Wall Street looked to improve upon a mixed week.1) Moderna – Moderna shares fell 2.4% in the premarket, despite reporting better-than-expected earnings and revenue and sayin