Nvda and law of large numbers

With the huge VIX spike today I need to get long something and so in long on NVDA at $104.90 basis this afternoon.
For a short term trade it is hard to not like the risk/reward here even being as anti-LLM as I am.
 
I just took a look now at the Vix after you mentioned it. Sure seems elevated from the last time I looked. Though this is nothing yet, the war is ready to hit over-drive... meanwhile Yahoo Finance says today's selling off was due to US economic data. lol

If that's the case, then we have a much longer drop coming ahead... many catalysts to the downside.
 
Nvidia: A Strong Buy Into Earnings
Aug. 16, 2024 2:43 PM ETNVIDIA Corporation
There's like a trillion dollars in open interest on the puts/calls of SPY and QQQ over that date.

What's the CEO's name again? Jensen something.

Who remembers "Jensen 6x9 Triaxials" from back in the day? That was the the cats meow in car stereo speakers back then.

Good pick for the name of a newborn.

Cramer should name his next dog Bear.
:sneaky:
 
At the Rate nvda is moving its adding approximately $150 to $200 billion market capitalization a month. In the last week alone its added $80 billion in market cap. It's becoming a bloated pig. At the end of the year this will be an additional $1.5 to $2 trillion in market capitalization, making it the most valuable company in the world, sorry to say it, but no way no way no way, do earnings justify this kind of market capitalization
Q: What's a 7% haircut on a $3T marketcap come out to?
A: Who cares... btfd.

Especially at $103ish if it gets in that neighborhood. :cool:
 
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