Topping Tuesday’s top flow of the day was a MONSTER order in chipmaker Nvidia after a whale dropped a cool $1.66 MILLION on some weekly calls…
That’s a risky bet… And since it was on the $420 strike calls, I thought maybe ol’ Elon Musk was puffing on the wacky tobacky thinking some AI news was going to hit NVDA…
Maybe!
I didn’t follow the money on this play — yet, but I may try some call spreads — because the calls were a little expensive for my taste, right around $2.90 a contract. But they did get a nice bounce immediately after entry, so they probably made out like a bandit.
That and more in today’s video!
Highlights:
- 💰 Nvidia calls worth 1.6 million were purchased at $2.90, potentially due to upcoming AI news.
- 💡 buying in Dollar Tree, Dollar General and GameStop.
- 🚀 AI-related stock IOT saw a large call purchase.
- 📈 Advance Auto Parts saw unusual volume and call purchases, possibly due to rumors.
TODAY’S TOP FLOW:
- Nvidia Corp. (XXXXX: NVDA): June 16, $420 CALL.
- Samsara Inc. (NYSE: IOT): October $35 CALL.
- GameStop Corp. (NYSE: GME): September $40 CALL.
- And more covered in today’s up top!
Note: If there’s no date listed, it’s the monthly option expiration, which falls on the third Friday.
P.S. Check Out How I’m Targeting 24-hour Moves
Right now, the shaky markets have most folks on edge. One wrong move out of the Federal Reserve…
Stocks Tank.
One bad economic report… stocks tank.
One peep about a recession… stocks tank.
That’s why I focus on trading the market just 24 hours at a time.
My ideal strategy is to open a trade late in the afternoon.
Then close out the very next morning…
That leaves me just enough time to capture what could be a big market move…
While sidestepping any lingering market drama.
By doing it this way, I’ve been able to pinpoint overnight moves worth 40%… 50%… 60%… 70%…
Even gains as high as 160% and 245%…
Now, of course, there is a little more to it than that…
In particular, I’ve been targeting something called a “Green Light Stock.”
And they’ve allowed me to open a trade one day, and close out the next…
If you want to see what they are, and how you can start trading them as soon as tomorrow…
Let Me Walk You Through How It Works
The profits and performance shown are not typical, and you may lose money. From 2/21/20 to 5/11/23 on live trades the win rate is 66%, the average return of winners and losers is 12.9%. The average winner is 52.8% on the options over a 7 day average hold time, with a total annualized return of 125%
