Nvidia defies the skeptics

[fstp, logo, header] June 10, 2024 [ag views, logo, header] Nvidia defies the skeptics Yo Pit Crazies So oh my gosh, after a 10 for 1 split Nvidia Inc (Ticker: NVDA) keeps moving north. Not only that it is doing so on some volatility. NVDA had a $5.50 range today or an intraday volatility of over 60%. $117.50 low with a high near $123. In the presplit days that would be a $55 move on no news. Except the news is the stock split. We did cover this in the Trading Desk today. [ded] 1 day NVDA chart I like just OTM call calendars in NVDA. At just less than 42% implied vol they are a cheap way to ride things higher. Hard to believe but folks still like it. - AG  [logo, pit profits] Want to find YOUR winning fit? Give our Customer Care Team a call at [1-888-872-3301](tel:/1-888-872-3301) Monday-Friday from 9 a.m. - 5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:/support@optionpit.com)  [logo, fvix, header,] Nvidia Split Reaction Hey Traders, The NVDA split is officially live. So let's dive in and break down what happens now. [ded]( [Watch the video here!]( - Mark --------------------------------------------------------------- Want to get Mark's Trader's Edge updates directly to your inbox?[Click this link to sign up!](  [frep] Ticker Highlight Show: Crowdstrike Holdings Inc Hey Traders, This week's [Ticker Highlight Show]( is now available! Our stock this week is [Crowdstrike Holdings Inc (Ticker: CRWD)]( [yt]( [Click to watch the video now!]( - Mark --------------------------------------------------------------- Receive the Option Pit "Ticker of the Week" breakdowns as soon as they are released. [Click this link to sign up!](  [fpri] Jobs Data Misleading … BUY the DIP Hey Income Hunters, Friday’s headline jobs data showed an incredible increase of 272,000 jobs, which was a 50% increase from the +180k estimate. However, a little dose of reality shows a very different story … The more accurate household survey revealed the opposite effect, showing an actual DROP of 408,000 jobs. Here is the absurd divergence between the “official” BLS Payrolls report and household employment survey:  [ded]( When you add the fact that the unemployment rate, which is the most critical input for a Fed and government, rose from 3.9% to 4% the probability for the next Fed move to be a cut increases … [Click through to see why and what this means for you …Â]( - Bill --------------------------------------------------------------- Never miss an edition of Bill Griffo's Power Income Newsletter ever again. [Click this link to sign up!](  [fpip] Road Trip! Hi Shoppers, My husband has always been a gearhead, meaning he loves cars, planes and all that stuff. Ever since we left our home in Glenview, IL we have been driving most places. Our trips entail Dallas, south Texas, and Arkansas which is nice because it breaks up that drive from Texas to Illinois. We are leaving Glenview this weekend and heading to Naples, FL. As Scott would say, it is going to be a bomber, nineteen hours!! Our nine hour drives have become very easy. We just throw on a few podcasts and the hours and miles fly by. Not sure how bad this one is going to be. You are probably still thinking … Florida! No one goes to Florida in the Summer! Well, we are. We are renting a place for the whole summer. So there. We are STILL trying to figure out where we want to live. I know … crazy right!? And we have some very good friends there. Speaking of friends … all of my Option Shoppers that are on the monthly subscribers, we have a special running for upgrades. [And any of you that are not Option Shoppers, come join us!]( Learn how to read charts and spot that change in trend, which is where the opportunity lies and make some money. [Go here for my new trade idea in Walmart (TIcker: WMT).]( - Licia --------------------------------------------------------------- Join Licia's trading community and start receiving her Profits In Pumps Newsletter. [Click this link to sign up!](   Don't miss when our traders go live! Get an alert everytime we open the live rooms to all of our readers for free by selecting the calendar you use below. Add Option Pit Live Events to Your Calendar [Apple]( [Google]( [Outlook]( [Outlook.com]( [Office 365]( [Yahoo](   [glossary, logo] There are plenty of terms in the trading world that need explaining. The Option Pit Glossary is here to help. Today's phrase is:  In-the-money (ITM) - Only options with intrinsic value can be ITM. A call is ITM when the stock price is higher than the strike price, and a put is ITM when the stock price is lower than the strike price. [ftsp] All the Right Options. The Option Pit Team brings more than 150 years of experience to you every day. 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