RyanDreBach

NVDA a strong buy at support

NASDAQ:NVDA   NVIDIA
NVDA is approaching it's key support level $250-$260. There are no practical concerns regarding NVDA's earnings going into next year, so I expect NVDA to approach the higher end of it's long-term upward channel around $330 come January. The January calls at strike $290 have a decent risk/reward ratio, as if $330 is achieved at expiration, they'll be valued at $40 (300% higher than their current price), so I'll be entering them if NVDA either nears it's support area just above $260 or if it breaks above $270.
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