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I probably gave the impression from my prior post that I was shutting down until Friday. That wasn’t quite my intent. Truth to tell, I had that post in the hopper and planned to deploy it at the close on Wednesday since, yes, you WILL lose me until Friday morning as I attend to family duties. However, I found myself in the midst of a monster grocery run on Tuesday afternoon, and I went ahead and published the post just to get something – anything! – out there. Anyway, I’m still sort-of working, so here’s one last post for Tuesday.
I’ll begin by noting that the sad, sad VIX almost slipped into the sub-teens. Yes, with all the mayhem and horror and bad news in the world, the VIX has been beaten down so badly that even holding onto a level of 13 is considered frothy. What a joke of a market this has become!
The numbers just came out, and although the stock popped a little bit briefly, it swiftly started selling off. I am doing this post before the conference call, so the jury is still out, but so far here’s what we’ve got on NVDA:
Do you think Nvidia is going to fall this afternoon? Would you like a way to profit off that without suffering the dreadful IV crush? Are you tired of me asking you rhetorical questions? OK then!
I suggest you take a look at AMD. My view is that if NVDA tumbles, AMD will as well, and it has the advantage of (a) not being so insanely packed with options premium (b) not being anywhere near lifetime highs (c) actually having a logical resistance level.