NVIDIA
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Little rally to trap everyone? Then were caught holding the bag?

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10-11 expiration for NVDA has way to much open interest at 120 - 130 levels. 118 looks more realistic.

I think we can see a climb to 120-130 early in the week and a huge sell off to 118 to end the week.

If this happens, it opens the door to max pain of 112 - 113 by 10/18.

There are going to be so many traps this months and I think were all in the middle of one now.

Inversely, my theory above could be a trap as well haha. If this is truly a blow off top, $149 -$150 is my absolute peak.
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I AM LOADING UP ON PUTS
Expiring: 10-11
Strike Prices: $131, $130 and $129

See you tomorrow after PPI ;)
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Unless we gap up crazy or receive heavy good news, I see red for next week to my levels in orange above :)
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-TARGET 1
$130 REACHED

-TARGET 2
$125

-TARGET 3
$117-$115

My Put Options were up over %400 at the lows for the $130's 10-18

When I saw price move THAT quick from $138.50 this morning to $127.50 WITHIN 90 MINUTES, I was just waking up and started laughing my ass off.

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was wrong yawl, NVDA wants 150 but we are getting into uncharted territory here. Stay on your toes!!!
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Well not wrong cause I called the drop below 130 correctly, but 125 and 115 will come later.

145-150 then some volatility!
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EXTREMELY BEARISH ON THIS STOCK LONG TERM.

Personally I think there cooking the books just like SMCI is!!!!!
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