$NVDA down 8 of the last 9 days heading into what might be their biggest earnings ever. Honestly? As a bull, this setup doesn't scare me at all.
If it were the opposite—up 8 of the last 9—I'd be way more nervous. That's when you get late chasers piling in at the top, setting up for a classic sell-the-news event.
But this? This is a slow, grinding cooldown. No euphoria. No froth. Just steady selling into what should be a massive catalyst.
Looking to sell some cash-secured puts today. The risk/reward here feels asymmetric if you believe in the AI supercycle thesis. Worst case? You own $NVDA at a discount heading into the next leg up.
If it were the opposite—up 8 of the last 9—I'd be way more nervous. That's when you get late chasers piling in at the top, setting up for a classic sell-the-news event.
But this? This is a slow, grinding cooldown. No euphoria. No froth. Just steady selling into what should be a massive catalyst.
Looking to sell some cash-secured puts today. The risk/reward here feels asymmetric if you believe in the AI supercycle thesis. Worst case? You own $NVDA at a discount heading into the next leg up.