NVDA: Ready for a Gamma Squeeze or Cooling Off? for July 10

NVDA: Ready for a Gamma Squeeze or Cooling Off? Here's the Setup You Need 🎯

Options Sentiment (GEX Analysis):
NVDA is trading around $163.35 and sitting just above the Gamma Wall at $162.50, which also marks the highest positive NET GEX zone—a key resistance created by dealer positioning. Above that, the second CALL Wall is stacked near $165, with further resistance layering in toward $170 and $172.50.
Below, there’s a liquidity pocket around $157.50 (HVL zone), and deeper PUT support doesn’t come in until $152.50–$151.00.
* GEX: Bullish leaning (CALLS 2.6% domination, GEX bar fully green)
* IVR: Low at 5.9, and IVx Avg 38 → Options are relatively cheap.
* Sentiment: Leaning bullish with potential for a gamma squeeze if momentum builds above $165.
🟢 Strategy Suggestion:
Consider 160C or 165C weekly calls (with tight spreads) if NVDA holds above $162.50 and breaks through $165 with volume. A gamma squeeze toward $170 is on the table.
Risk-managed PUTs (e.g., 158P) only if price flushes back below $160 support with momentum.

1-Hour Chart Technical Outlook:

NVDA has broken out of the previous range, flipping internal structure bullish. The CHoCH and BOS confirm trend change earlier this week, and the price is now consolidating just under a resistance zone (purple box) near $164.
Support below is layered at:
* $160 (broken resistance, now key support)
* $158.05 (previous structure low)
* $152.00–151.00 (demand zone + GEX support alignment)
Resistance:
* $164.41 (current high)
* $167.50, $170, $172.50 (GEX option walls)
Structure is showing a rising wedge/channel pattern; however, we’re still trending strong with clean higher lows.
🟢 Long Trade Setup (Bullish Continuation):
* Entry: Above $164.50 with breakout confirmation
* Target: $167.50 → $170
* Stop: Below $160 (or tighter below $162.50 based on risk appetite)
🔴 Short Trade Setup (Reversal Scenario):
* Entry: Breakdown below $160 with rejection from $163–$164
* Target: $158 → $152 zone
* Stop: Above $165

My Thoughts:
NVDA is sitting in a key decision zone. As long as it holds above $162.50, bulls have the edge to push this higher into the next GEX walls. Watch for confirmation on $164.50 breakout for continuation. If it fakes out and drops below $160, that would likely trigger a downside flush to $158 or lower.

This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.