Newsletter archive · October 19, 2024
This archived newsletter is shown as it was sent on October 19, 2024. Any trade result shown is a potential gain on a model position, measured from a recorded entry price to a recorded exit price, with no claim that any member achieved it. Past results do not guarantee future results, and nothing shown here is a recommendation to act today.
Winning With Weekly Options in Run-Up to Presidential Election!
Winning with Weekly Options in the Run-Up to the Presidential Election and how the U.S. stock market will be affected.
Also, opportunities to profit from market volatility around election time.
NVIDIA Weekly Option Turns $820 Into $1,313!
Nvidia shares were marked 2.5% higher in mid-day Monday trading to change hands at $138.22 each, giving the stock a market value of $3.39 trillion.
The upward trajectory of AI chip stocks is a positive sign for AI hardware spending that assuages Wall Street’s concerns of a near-term slowdown on investment.
Recent strength came after CEO Jensen Huang said Nvidia’s Blackwell chip “is in full production,” and that demand for it “is insane.”
Why Our Nvidia Trade Was a Success and Why It Still Offers Potential for a New Trade
Nvidia has been at the forefront of the technology and AI boom, and our October 8th suggestion to buy **NVDA call options for November 2024 with a $130 strike price** was based on strong fundamentals and market conditions.
Looking forward, Nvidia continues to present a strong opportunity for investors, particularly as we enter the week of October 14, 2024.
Weekly Options Results Updated
Best of Trading,
Ian Harvey
Weekly Options USA
Plan your exit strategy before you enter a trade, because once you are in a trade, your emotions may cloud your judgment.
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Weekly Options USA is a publisher of general trading research and education, not a registered investment adviser or broker-dealer. Everything we publish is general information only, never personal advice or a recommendation tailored to you, and you make your own trading decisions. Options trading carries substantial risk, including leverage, volatility, and the loss of your entire investment, and is not suitable for everyone. We guarantee no profit, accuracy or outcome. Past performance, including any results shown on this site, does not guarantee future results. Only trade with money you can afford to lose.