IA Trade Alert (Patreon)

Hey Team

I missed my LO to buy NVDA by $3 a few days ago to buy more at $201 but now NVDA is up on earnings and hit my second layer Layer 2 ( which is Layer 7 as I only focus on last 5) - SO I AM FLIPPING TO SHORT and PLAYING THE RANGE. My range is $200 to $270 for next 100 days based on models. Let me explain. 

NVDA up over $30.  Note I have an existing Synthetic Long on NVDA

I sold the 235 Calls for June 2023 for $30.50.  My breakeven is $265 by June but I think I will get a chance to buy them back cheaper in that time frame.

2023 is a year of aggressive swing trading

The tools also indicate it is very overbought (Mean Reversion) and about to flash a sell signal - but I sold the at the Money Call to take advantage of the vicious Volatility.