today, NVDA rose 3.5% to close at $135.58 a share Tuesday, putting its market value at about $3.3 trillion and catapulting it over those of Microsoft and Apple. at this moment, NVDA is the most valuable co in the world, w MSFT and AAPL vying for 2nd place
the NKE chart looks enticing, a bearish-to-bullish reversal in the making; on Fri, NKE closed at $97.18. YTD 2024, NKE has been down ~30%, with 2 consecutive disappointing earnings reports. its next earnings release will be 6-27-2024 with all the earnings ugliness disclosed, the Paris Olympics could be the catalyst to reverse this ugly trend. the openning ceremony in Pairs will be on 7-26-2024 i've made a play on NKE. buy to open the100 strike CALL options contract, Nov 15 expiration, (the long leg) sell to open the 105 strike CALL options contract, Jul 26 expiration, (the short leg) net cost of $5.30 i intent to buy back the short leg (105 strike) and simultaneously sell a higher strike CALL, like the 110 strike, with a longer expiration (like Aug), netting a small premium on it. should it work out as planned, effectively, i will have constructed this bullish 15-point CALL spread long on 100 strike CALL, Nov expiration short on 120 strike CALL, Nov expiration, net cost of less than $5 my target is NKE closing the 110 to 120 gap from late 2023; if so, i would have risked less than $5 for a maximum potential payoff of $15
been keeping an eye on this Texas Utility Stock, Vistra Corp, Powers Past Nvidia in 300% AI-Fueled Rally it is poised to grow even more on the back of its long-term capital investment plans, as well as AI
done with my 2 roll forwards with the short leg effectively, i have constructed this bullish 15-point CALL spread long on 100 strike CALL, Nov expiration short on 115 strike CALL, Nov expiration, net cost of $4.57 on this Olympics-themed trade idea, I am risking $4.57 for a maximum potential payoff of $15
after hitting the hi of 216, AAPL took a breather, went down to 206, and appears to be working its way up going into the 1 Aug ERS. want another bite of the AAPL, when AAPL was trading ~~ 212, constructed this bullish CALL spread, using Oct expiration buy to open 215 strike CALL sell to open 230 CALL net cost $5.95 am willing to risk $5.95 for a potential max payoff of $15
what the chart didn't show was Nike is in trouble fundamentally. People are moving on to ON, HOKA, VUORI, LULU etc. Nike better figure out their sht soon.
ON stock caught my attention last week. Ive never seen people wear those shoes until i paid attention (red car theory). People swear by them that it helps them with their foot problems. ON uses ai to help with foot comfort design.
What do you'll think about JPMorgan Equity Premium Income (JEPI) ETF? Anyone have experience in this ETF?
also, just to protect myself, in case my bet goes the wrong way real fast, placed a limit order to sell the 15-pt spread @$2.30. the limit order was filled quickly, so i cut my loss at $2.27 (4.57 - 2.30)
3rd bite of AAPL Apple was down ~~3,5 decided to double up on my AAPL position play, near 210.7l, going into the 1 Aug earnings buy to open 215 strike CALL sell to open 230 CALL net cost $5.25
