We have an earnings play for this week, another for next and it’s a BIG week for Nvidia (NVDA)…
CES 2025 kicked off Tuesday and it’s been a pretty wild day of trading already. NVDA went from up 2.7% premarket to down 5.5% about an hour later…
Nvidia’s the big draw of CES 2025 this week, where CEO Jensen Huang delivered a keynote address today. The company also announced its next series of GPUs, the 50-series, late Monday night.
GPUs are the graphics processing units behind all those fancy video games the kids love. Of course, most kids can’t afford them, with the high-end RTX 5090 clocking in at a cool $1,999.
And that’s just for the GPU!
To run something like that, you’ll need another $2k or so worth of parts like a CPU, tower, ram, power supply, motherboard and all that nerdy stuff.
A good monitor will set you back another several hundred bucks as well, so PC gaming isn’t for everyone.
The initial overnight reaction in the stock was strong, but NVDA opened at an all-time high in a weak market — the Nasdaq 100 (QQQ) Is down about 1.4% at lunchtime on the East Coast — and profit-taking ensued.
But wouldn’t you know it, the bulls dove in headfirst looking for a bounce over the next few weeks, with four straight multi-million dollar orders coming across the tape, all in the February monthly expiration, $161, $162, $165 and $166 strike calls with shares trading around $141 this afternoon.
The $161 strike was going for around $3.00 at the time this was written, and market makers expect a move of $19.35 higher or lower by expiration.
There were also some smaller orders listed below — but these babies are even pricier. If only there was a spread strategy we could trade pricier options with…
Back to earnings plays…
A trader grabbed the January $62 calls in Delta (DAL) late Monday afternoon. Delta reports before the open Friday. It’s a decent amount of premium, about $173k, and right smack in the money with shares trading around $61.40.
Finally, we saw another bearish bet on Citigroup (C ) today, this time in the Jan. 10 $73 puts. We saw an order in the $72 puts (same expiration) on Monday.
Keep in mind that puts are often downside hedges, and today’s order is fairly small, about $52k in premium compared to yesterday’s $139k. Shares of C are trading up about 1.7% this afternoon.
Stay tuned…
And if you haven’t yet, join me at 2:30 p.m. ET to hear all about my new Warped Options strategy that everyone’s talking about! 👀
Order Flow:
*This is for informational and educational purposes only. These are not official alerts issued by Lance, but rather some interesting orders picked by the team at Lance Ippolito Trading.
There is inherent risk in trading. Trade at your own risk.
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
The team at Lance Ippolito Trading
Lance doesn’t want the CCP spying on him, so you’ll never find him on TikTok. Same goes for other social media sites, which are filled with impersonators, scammers and crypto bros.
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
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