Jan 12th Calls

24 dic 2023

Dont worry about all the lines and shadings - those are for me to trade with. And that is what it takes to draw a near-perfect forecast.

Just follow the solid black path. Target 525-530 by 1/5/2024. From there it will make shallow retrace and begin re-accumulation phase before breaking out above 537 later in January.

Buying the Jan 12 510 calls once I get confirmation next week, I'll send an update when I enter.

Not Financial Advice.

26 dic 2023

Nota

Entered calls.

27 dic 2023

Nota

Added calls. Ready for liftoff within the next hour. This will be trading at 501.82 at 3:15pm today (12/27). It will consolidate briefly around 500 and then continue toward 528 target.

27 dic 2023

Nota

Saw some additional accumulation today. The 501(+) will come tomorrow. Expecting gap and go.

27 dic 2023

Nota

If we can gap 495.60 tomorrow morning, I don't see this coming back down into the accumulation zone (485-495). In the case we get the gap and continue to test 504-505, the most bullish scenario is 528 by 12/29 (earliest) to 1/3/2024 (latest). That is the most bullish scenario.

I'm seeing big green for the market tomorrow. Big green.

27 dic 2023

Nota

Here is my new post for NVDA bigger picture. 528 is just an initial target on the way to 570-660 in the coming months.

28 dic 2023

Nota

Next critical levels we need to break on the way to target are:

498.76
503.85 - this is the most important

After that price will tend toward 524.90

29 dic 2023

Nota

This is becoming a longer re-accumulation phase than anticipated, but still on track to hit target. Here are my expectations to end the year:

- Gap above 497, needs to break 499 and then 503 to set this in motion
- If we break 499 then we will close between 500 and 509 tomorrow, could trade higher intraday but will likely come back into that range
- If we dont break 499 and it starts to sell off, needs to hold 493-495 or it has risk to retest 483-489.. but I dont see that happening

** We are at the backup/retest phase of the reaccumulation since 480, next is markup to target.

Pretty bullish here, might surprise a lot of people next week.

8 ene

Nota

Finally got the expected pop, placing the Jan 12 510 calls In The Money. Take some profits here, but keep some of the position open. Watch the following:

- 510-520 is an important area, if we don't clear 523 this could turn out to be an expanded flat, which would put NVDA at risk of a pullback to 450s before the next major move up to 530+
- If we can clear 523 then high probability this continues to at least 528-530

8 ene

Nota

Needs to hold above 508.63-510.60 as it attempts to break higher here. Below 510.60 runs risk of near term pullback to 499-503.

Critical levels we need to break directly above to get to target are:

515.69
518.15
522
*523*
524.90

8 ene

Nota

Selling more calls here.

8 ene

Operación cerrada manualmente

Peace. I'm out, the Jan 12 510 calls just sold for 15.23 (11 points in the money). That was fun lol.

9 ene

Nota

Target was 525-530 by 1/5/'24, hit 2 days late.

19 ene

Nota

wow.

28 ene

Nota

Check out my latest post for a near-term market forecast: