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.
I am specifically referring to its Fibonacci retracement level at 122.48, from which it is already retreating.
I’m not participating in any semiconductor play at all, but I at least wanted to offer up this alternate approach.
