NVDA Weekly Crossover Swing

15 Eyl 2024

NVDA

I posted my NVDA daily crossover idea (see below), this one is the weekly (they have both triggered)

Additional Trigger:
No additional trigger needed here, although the daily swing triggers could be used for a better r/r.

SL: 100.29 (1.4 weekly ATR multiplier)
TP: 160.00 (3.2 weekly ATR multiplier)
Max Date: Week end on Friday, November 8th (yes, 8 full weeks!)

^^As always, which ever hits first

Additional levels to consider trims/rolls:

131.26 - Previous strong high, possible liquidity grab
136.15 - Previous high
137.90 - Supply zone touch just before ATHs
140.76 - ATH
150.00 - Possible psychological level

What I'm targeting to purchase:
Personally, I will be employing a deep ITM option strategy, where I look to roll UP at key levels, which is just another way of taking money off the table while remaining in the trade.
There are a variety of ways to play this trade, as it could take up to 8 full weeks before targets get hit (if they do).

I will be targeting the Nov contract with roughly an .80 delta (currently the 100c), and will look to roll up 5 dollars worth in strike prices (from 100c to 105c then to 110c, etc) each time the rollup would be a credit of 4.00 or more.

Like I said, many other ways of taking this trade, including just buying a further dated contract, ITM, ATM, or OTM and staying parked in it.


NVDA Daily Crossover Idea for further reference:

16 Eyl 2024

İşlem aktif

Provided multiple good entries today, trade is active