To The Moon

Last Friday, Nvidia hit the 1000 breakthrough failed. A large number of options face closing positions and expiration exercises this Friday.

GTC will take place next week, during March 18-21, 2024.

What will be the trend of nvda this week? Will Nvidia hit $1000 this week?

Below are some insights from Tiger @moonc , @eendra and @hhjsyndrome . Which opinions do you agree with？

🎁Special Notes: Whoever showed up on the” What the Tigers Say” column will receive 100 Tiger Coins and an exclusive interview invitation to honor your contribution.

Click titles to read the full analysis:

1. @moonc:

Key Points:

• As an investor closely monitoring Nvidia's recent performance, I can't help but feel a twinge of concern amidst its continued decline. However, with the GTC event on the horizon and Jensen Huang's keynote poised to unveil pivotal insights, I remain cautiously optimistic about Nvidia's potential for a rebound.

• While the recent dips may cause short-term unease, I believe in Nvidia's long-term trajectory and innovative prowess. Therefore, I view this week as an opportunity for Nvidia to showcase its resilience and regain investor confidence.

• With a keen eye on market dynamics and upcoming announcements, I remain hopeful for a positive turnaround in Nvidia's fortunes.

2. @eendra:

Key Points:

• At 0:48 on last Friday, Nvidia hit the 1000 breakthrough failed, and when the stock price returned to the opening price, 200 million bro closed a position of 31,500 lots of $NVDA 20240517 720.0 call$, and then rolled 37,700 lots of $NVDA 20240621 820.0 call$

• This time 200 million bro left the principal of 150 million, roll 650 million. It is worth noting that the timing of this roll position is the same as the previous earnings report, which is after the failure of the high open breakthrough.

• This Friday is another four dark day, a large number of options face closing positions and expiration exercise. Open interest in Nvidia call options is much higher than put options.

3. @hhjsyndrome: Nvidia on Friday, Reversal or Kopi Break?

Key Points:

• Massive call options hanging out at 1000, 950, and 900 like durians at a fruit stand. Breaking through these lines is like trying to squeeze into your jeans after a hearty plate of nasi lemak – not easy. And if it does happen, brace yourselves for profit-takers and pressure. On the flip side, there are hefty put options at 800 and 750, providing support like a good friend during a karaoke session. Expect the market to dance within these ranges for the near term, like trying to follow the steps of your cousin's elaborate wedding dance.

• Now, if we gaze at the charts, we've seen not one, not two, but three significant gap-ups. It's like the stock prices have been playing hopscotch and forgot to take a break. But with stocks climbing higher than HDB prices in 2022, a drop like this was inevitable. In fact, it's more unusual to find a stock that goes up and up without pausing for a teh break.

• The stock price is currently chilling around the 850 range, not breaking through the options market support of those massive puts at 800. So, my friends, I'd say Friday's drop is nothing more than Nvidia taking a kopi break, letting the market catch its breath. But, of course, like waiting for your chicken rice order during the lunch rush, we'll keep our eyes peeled the next few days to see if the stock's trajectory stays within the expected current course.

Questions for you:

What will be the trend of NVDA? Will Nvidia hit $1000 this week?

🎁Prizes

🐯 All valid comments on the following post will receive 5 Tiger Coins.

We strongly recommend selecting the "Also repost" button when posting a comment to receive more rewards.

⏰Duration

• 20 Mar (24pm EDT)