Weekly Wiretap Pick Of The Week NVDA

MAX Trade Potential: 23%

My Trade Plan Details:

• NVDA August 8 $175 Calls around $3.80s to $4

• Stop: NVDA closes below $170

• Target 1: $178
  
• Target 2: $80
• Target 3: $182
  

My Reasoning:

Chart wise, NVDA is popping $175 previous highs and could be on the move to $180s this week which would make a lot of sense seeing the markets condition and strong earnings from other tech stocks. I think NVDA momentum will continue to build into their earnings release soon.