$NVIDIA (NVDA.US)$ it's amazing how Bloomberg which is polit...
$NVIDIA (NVDA.US)$ it's amazing how Bloomberg which is politically aligned they always get the information before anybody else call it insider trading cuz I can guarant fucking tee you that they had people move in advance of this news being dropped that the doj is going after Nvidia yet again. Bloomberg broke the report last week on supermicro they are ahead of everybody and getting this information which shows you how corrupt and politically aligned they are cuz it's not they're doing better research than Reuters or Dow Jones.
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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TheDylz : just fyi i said it in this chat before they said it on tv
Daniel Jeya Raman : The big short bro. The big short. Play the reversal game. 148% up.
10baggerbamm OP Daniel Jeya Raman : I needed one more day on my puts I needed to go out one week further that's all I needed to do cuz I had the puts I had the right strike I just didn't have the right freaking time I needed one more day I needed one more week is all I needed. I nailed the price each ratchet down I had covered from 116 to 110 and I still think it's going to par 100 you can go back and read what I said I'm right on it I just freaking I'm kicking myself because everything was a Friday expiration last week I needed one damn more week for my options
Maniac Fool : It is coming down to 101~103 this week. Maybe
later…
Weekly chart trend
Daniel Jeya Raman Maniac Fool : Lower, and lower. Antitrust thing, and the September historical low moves.
10baggerbamm OP Maniac Fool : it's too late to buy puts because the volatility premium in them is through the roof I was doing this 2 weeks ago and telling everybody you got a hedge or if you came off a trade you got some money this is a good shot right here to buy puts on soxl and nvda, NVDU. I think people establishing positions tomorrow on the open buying puts I think they're going to lose money I think you are way too late way way late. you need to be ahead of the curve and with options obviously you need to have enough time for the trade to develop sadly I needed one more week that they would have expired this Friday not last Friday. I'm just hopeful that some people here went out further and bought the end of September maybe for their option trades or this Friday in which case they're making a shitload of money right now. because when they would have bought the options they were dirt cheap
Maniac Fool Daniel Jeya Raman : But I suspect this is the down leg then followed by up leg,…… Sideway trading big swings intraday / inter-day
Daniel Jeya Raman Maniac Fool : Maybe, thus I am still keeping my call play on.
Maniac Fool 10baggerbamm OP : Yup. I average down as I am a long in Nvidia now
Maniac Fool 10baggerbamm OP : You may want to explore Options with “straddle” aka Sell both puts and calls at the same price level eg Straddle Put/Call Nvidia 100 say expiring this Friday or next. The time decay will make the straddle good
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