My last post about NVDA was on Nov 9. The dec call was a profit position. The stock price was $13.16. Today NVDA close at $17.88.
Up about 30% in less than 2 months. Also NVDA has broken the resistance line at $16.5
It may because of Santa Claus rally but still the tech sector now is a leader again.
The entry point for buy high - sell higher has been missed. It still can go higher but risk reward ratio is not really good
We should use buy on support strategy to enter long position in NVDA. Buy two months call option.
Wait for NVDA to drop near support around $16.50 then we can long 17 Feb call.
Best regards
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