NVIDIA Stock to 600? ($2,640,000 Worth Of NVDA Options)

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엔비디아는 Jefferies의 목표가 상향(680달러)과 중국 정부의 ARM 인수 승인 소식 이후 상승 흐름. 2021년 1월 600 콜옵션 대량 매수(약 262만 달러) 포착. 주요 저항 622, 664, 786달러, 지지 500·470달러(50일선 부근), 장기 강세 관점 유지하되 조정 시 매수 기회 언급.

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01. what are traders what up investors ken here from dyslexia confessor and thank you for tuning in for another fantastic video today we're going to be looking at nvidia the basically an analyst upgrade which honestly doesn't really matter much to me from jefferies which is a kind of an analyst firm that i do kind of like and they actually do a fairly good job on their analysis and then also with the potential of a large options trade going through uh going all the way out in january of next year for around the 600 call uh price looking for potentially can nvidia hit 600 by that time i don't know we're gonna look at the charts we'll look at some of this fun stuff and we'll just kind of dive into it first and foremost i just want to thank everyone for coming in uh don't forget to like and subscribe down below if you haven't already and i greatly appreciate it if you definitely can do that for me that being said let's go ahead and just jump into the upgrade so nvidia price target raises to 680 again these analysts usually have this certain model set in place uh that deal finally came through with arms the chinese government gave the old thumbs up on it now allowed them to be able to proceed with the uh the merger and just acquiring and kind of forming all into one company of course this is a huge win for nvidia this is again just really combining its stronghold within the chip making uh company and just really just propelling it to the next level here again their initial price target was around uh 570 but now with this larger uh an actual position finally going through uh we can finally see that really kind of come into around that higher price at again six uh uh nine hundred or six or six hundred and uh and eighty bucks so that being said uh looking here at the chart let's go ahead and look at the trade tab as well uh we saw pretty large options buying again that january 15 20 21 600 of those at 44 or 4 400 per contract that total cost of that trade was nearly six 2.6 million dollars again this is again they could be again hedging their bets we don't know it's a very unusual options activity if we go all the way out to that trade tab on here the chart we can see that really highlighted here at that 600 price here that large amount of volume coming in today the open interest of course is climbing 600 is a nice round number it is somewhat in reach we hit the 580 before but before the overall market decline this is well above 123 days out so there's plenty of time for those options to potentially play out again it is out of the money place you have to be very careful with that with time decay if we just kind of just steady eddie and do nothing or we can just be coming closer to the uh uh having somewhat more of a market correction that we saw past a couple days or last week again that option has really gained a lot in price again up 44 today and but again that open interest is very clear that there is potentially some activity going on there especially with a large amount of momentum and i'm sorry volume coming in there and as well just in the short term we can see some other options activity just in october we saw a lot of buying just at the money at the 520 with basically between that and all the way to 5 30 with a lot of options activity going there one more point i want to highlight as well is just looking at november as well we saw again that 550 as well with a lot of options buying or in around that range as well potentially again once we look at the chart you'll kind of see on these where these prices are kind of coming in where we have seen before so that being said again we saw that nvidia basically hit that all-time high after earnings and really that huge run up at basically let's just call it 590 dollars and then gave it really a lot of it back nearly dropping well over a hundred dollars in about a very short period of time and really just really scared a lot of people we had a lot of volume coming in here to uh selling out but now today we're kind of bouncing here between the 21 and 34.

02. potentially the next short-term level support going to be around 470 here let's go ahead and just create an alert on that for that then we can just do some very simplistic uh fibonacci retracement from the swing high to swing low we're right here bouncing here at the 50 retracement which is around the 528 530 level again if this level doesn't hold we're potentially looking for some support around the 500 level to the downside um if that doesn't hold we're looking again for that around that short term 470 even to kind of see that 50 day potentially come into play again this is what the overall market and how things are digested because we just had a pretty large gap up with the news the overall nasdaq and overall tech stocks are doing substantially better just on a monday i'm usually not the biggest fan on going out on monday and just throwing a bunch of uh bets and just kind of waiting for things to kind of sink in for the week because again we're up six point two seven percent right now uh this is called six over six percent just today and thirty bucks uh it's gonna be very difficult to kind of get into very options even though the prices have been driving up quite a bit some key levels to look out for those potential targets that we talked about i think my natural target for this one is vibrant 622 for the next potential of this uh this downturn is the low we can see that consolidation here and get that momentum higher to really get above that 622 and then even after that would be around 664 and then extreme ratings would be around the 786.

03. again a lot of folks were saying uh that that jeffries was saying their price target is on 680. that kind of lines up with that 6664 here uh on that potential move again we do just had earnings it was great everyone really took well to their analyst day as well showing off their new gpus and then of course with this acquisition and finally being okayed by the chinese government that we're finally could be seeing some potential uh movement going higher but again that is on on the side note to be mindful of like if the nasdaq and overall tech heavy stocks get beat down you have this one definitely go with it this hasn't been beaten down as much as the other uh technology companies in the same cohort because a lot of them hit around the 50 day this thing kind of held its own by the 34 ema which is again a nice key level that we like to look for for potential buying or swing trades there so this that being said but this is looking like a fairly nice uh straightforward setup if we can kind of see that consolidation around above 500 if we can see that pattern to kind of uh start decaying and getting below 500 we're going to be looking for some short-term lows potentially having the 50-day kind of come in for some initial support to kind of help us boost us up here and the longer term side looking here on the weekly chart this thing has just been a monster here on the weekly side ever since basically their since the overall pandemic we've been really writing up the five and eight moving averages here on the weekly side and we're just hitting that lower band of that on that a couple days just last week so that 480 to 470 is going to be a pretty key level for that as well if we get a really strong sell-off and a lot of selling and a lot of pressure coming in we could easily see the 425 potentially come in for the nvidia but again that's going to be a lot of things need to go wrong for that to happen normally with a strong market correction or the downturn a lot of selling going on that being said i think that this is again key takeaways looking for support around 500 potentially even down to 470 would be a potential support support zones level one than level two really with the larger scale of basically coming around the 460 to 470 range for that initial support to the downside because again this has we haven't seen too much chop in this stock for quite some time we've just touched the 21emae a couple times all the way up but this thing has just been rocketing higher again finally getting jolted off the track a little bit but i think it just needs to do a little bit of a correction here maybe get some weak hands out and then potentially get that get back on the step and see that higher prices initially from key levels to kind of see the break those parabolic sars would be above like the 543 550 level that's where kind of where those parabolic and those fibonacci numbers are kind of coming into if those are broken and to the upside we could easily see those potential price targets of six uh two two and six six four ninety five be met uh within the next coming weeks or months again guys thank you so much for watching please don't forget to like subscribe if you're interested in supporting and joining the channel we have that youtube join button next subscribe button and as well as a patreon page and as well if you want to be looking to start trading options or a great brokerage firm i highly recommend tastyworks i have an affiliate link down below and definitely check those guys out i love those guys over there again guys this is ken from the dyslexic investor and i'll catch you guys in the flip side you