Short

$NVDA Nvidia 5th Wave - HUGE Near Term Put Buying

Updated

Puts led Calls today 100 to 1. Roughly $530 MILLION DOLLARS of Puts purchased today deep in-the-money. The biggest red flag is they were all near-term expiration December and January.

The daily chart supports a continuation of this final 5th wave down. Depending on the severity of the move I see two possible targets by January - $120 Long-Term Support Level / $103 Gap-Fill from May'17.

Note: Informational analysis, not investment advice.

Note

Seeing additional very heavy January put buying today deep-in-the-money

Triple_Barrel_Capital

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