Shared by
ldbobby
Grades
Plan - A
Setup - A
Traded - A
Size(S/M/L/TM[Too Much]) - L
Entry - A
Exit - A
Feelings - A
Levels
467 PHD(previous high of day), 475/458-462
Thesis/Plan
NVDA closed relatively strong yesterday. Looking for a hold around the 458-460 level to scale into. Target of 467 for some profit taking then 470-475 if momentum comes in. Risk to 457.
Good
Started with small size near the open. Waited while it formed a base around the 460 level. Saw the MSFT news about charging Copilot users and the reaction was well. Since the news was AI related and reaction was good, it could imply that if MSFT could make more money from AI, then there would be more demand for NVDA's chips, thus this news was also good for NVDA. Started to add more at the 461 level.
Was able to hold some up to the target of 475. Captured most of the move.
Bad
Sold half way too early. Should have sold 1/4 instead.
Summary
Play started off as a continuation move with the market pushing new highs. Turned into a great play off the MSFT news of charging Copilot users. Doubled position at 11:43 when volume was nearly double the prior volume bar. Sold half of my position too soon, but was able to keep some and closed at target of 475.
How would you play this trade next time?
MFST news was great for AI in general and since NVDA is the only provider of AI chips right now, it had to impact NVDA. Thesis on that was spot on, should've been one of those instances where you leverage in.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2023-07-18 09:44:00 | JUL28 23 500 CALL | 1 | $3.950 | 1 |
| 2023-07-18 09:44:00 | JUL28 23 500 CALL | 1 | $3.960 | 2 |
| 2023-07-18 09:44:00 | JUL28 23 500 CALL | 2 | $3.880 | 4 |
| 2023-07-18 09:47:00 | JUL28 23 500 CALL | 3 | $4.250 | 7 |
| 2023-07-18 09:47:00 | JUL28 23 500 CALL | 3 | $4.200 | 10 |
| 2023-07-18 11:36:00 | JUL28 23 500 CALL | 5 | $4.190 | 15 |
| 2023-07-18 11:36:00 | JUL28 23 500 CALL | 1 | $4.200 | 16 |
| 2023-07-18 11:36:00 | JUL28 23 500 CALL | 1 | $4.200 | 17 |
| 2023-07-18 11:36:00 | JUL28 23 500 CALL | 2 | $4.200 | 19 |
| 2023-07-18 11:36:00 | JUL28 23 500 CALL | 1 | $4.200 | 20 |
| 2023-07-18 11:37:00 | JUL28 23 500 CALL | 5 | $4.180 | 25 |
| 2023-07-18 11:37:00 | JUL28 23 500 CALL | 1 | $4.200 | 26 |
| 2023-07-18 11:37:00 | JUL28 23 500 CALL | 1 | $4.200 | 27 |
| 2023-07-18 11:37:00 | JUL28 23 500 CALL | 2 | $4.200 | 29 |
| 2023-07-18 11:37:00 | JUL28 23 500 CALL | 1 | $4.200 | 30 |
| 2023-07-18 11:37:00 | JUL28 23 500 CALL | 5 | $4.250 | 35 |
| 2023-07-18 11:37:00 | JUL28 23 500 CALL | 2 | $4.350 | 37 |
| 2023-07-18 11:37:00 | JUL28 23 500 CALL | 1 | $4.350 | 38 |
| 2023-07-18 11:37:00 | JUL28 23 500 CALL | 2 | $4.350 | 40 |
| 2023-07-18 11:37:00 | JUL28 23 500 CALL | 1 | $4.350 | 41 |
| 2023-07-18 11:39:00 | JUL28 23 500 CALL | 1 | $4.250 | 42 |
| 2023-07-18 11:39:00 | JUL28 23 500 CALL | 4 | $4.250 | 46 |
| 2023-07-18 11:39:00 | JUL28 23 500 CALL | 5 | $4.230 | 51 |
| 2023-07-18 11:43:00 | JUL28 23 500 CALL | 20 | $4.360 | 71 |
| 2023-07-18 11:43:00 | JUL28 23 500 CALL | 5 | $4.380 | 76 |
| 2023-07-18 11:43:00 | JUL28 23 500 CALL | 6 | $4.380 | 82 |
| 2023-07-18 11:43:00 | JUL28 23 500 CALL | 9 | $4.370 | 91 |
| 2023-07-18 11:45:00 | JUL28 23 500 CALL | -10 | $5.250 | 81 |
| 2023-07-18 11:45:00 | JUL28 23 500 CALL | -10 | $5.250 | 71 |
| 2023-07-18 11:46:00 | JUL28 23 500 CALL | -10 | $5.250 | 61 |
| 2023-07-18 11:46:00 | JUL28 23 500 CALL | -10 | $5.150 | 51 |
| 2023-07-18 11:46:00 | JUL28 23 500 CALL | -10 | $5.100 | 41 |
| 2023-07-18 11:46:00 | JUL28 23 500 CALL | -5 | $5.180 | 36 |
| 2023-07-18 11:46:00 | JUL28 23 500 CALL | -5 | $5.180 | 31 |
| 2023-07-18 11:46:00 | JUL28 23 500 CALL | 5 | $5.000 | 36 |
| 2023-07-18 11:46:00 | JUL28 23 500 CALL | 5 | $5.000 | 41 |
| 2023-07-18 11:47:00 | JUL28 23 500 CALL | 5 | $4.970 | 46 |
| 2023-07-18 11:47:00 | JUL28 23 500 CALL | 5 | $5.000 | 51 |
| 2023-07-18 11:52:00 | JUL28 23 500 CALL | -5 | $5.750 | 46 |
| 2023-07-18 11:52:00 | JUL28 23 500 CALL | -5 | $5.800 | 41 |
| 2023-07-18 11:53:00 | JUL28 23 500 CALL | -2 | $5.650 | 39 |
| 2023-07-18 11:53:00 | JUL28 23 500 CALL | -1 | $5.650 | 38 |
| 2023-07-18 11:53:00 | JUL28 23 500 CALL | -1 | $5.650 | 37 |
| 2023-07-18 11:53:00 | JUL28 23 500 CALL | -1 | $5.650 | 36 |
| 2023-07-18 11:53:00 | JUL28 23 500 CALL | -5 | $5.550 | 31 |
| 2023-07-18 11:58:00 | JUL28 23 500 CALL | -1 | $5.470 | 30 |
| 2023-07-18 11:58:00 | JUL28 23 500 CALL | -1 | $5.470 | 29 |
| 2023-07-18 11:58:00 | JUL28 23 500 CALL | -1 | $5.470 | 28 |
| 2023-07-18 11:58:00 | JUL28 23 500 CALL | -1 | $5.470 | 27 |
| 2023-07-18 11:58:00 | JUL28 23 500 CALL | -2 | $5.470 | 25 |
| 2023-07-18 12:34:00 | JUL21 23 475 CALL | 2 | $8.650 | 2 |
| 2023-07-18 12:34:00 | JUL21 23 475 CALL | 1 | $8.650 | 3 |
| 2023-07-18 12:34:00 | JUL21 23 475 CALL | 2 | $8.650 | 5 |
| 2023-07-18 12:34:00 | JUL21 23 475 CALL | 1 | $8.650 | 6 |
| 2023-07-18 12:34:00 | JUL21 23 475 CALL | 3 | $8.650 | 9 |
| 2023-07-18 12:34:00 | JUL21 23 475 CALL | 2 | $8.650 | 11 |
| 2023-07-18 12:34:00 | JUL21 23 475 CALL | 8 | $8.650 | 19 |
| 2023-07-18 12:34:00 | JUL21 23 475 CALL | 1 | $8.650 | 20 |
| 2023-07-18 12:37:00 | JUL28 23 500 CALL | -1 | $7.230 | 24 |
| 2023-07-18 12:37:00 | JUL28 23 500 CALL | -1 | $7.230 | 23 |
| 2023-07-18 12:37:00 | JUL28 23 500 CALL | -2 | $7.250 | 21 |
| 2023-07-18 12:37:00 | JUL21 23 475 CALL | -2 | $9.370 | 18 |
| 2023-07-18 12:37:00 | JUL21 23 475 CALL | -1 | $9.350 | 17 |
| 2023-07-18 12:37:00 | JUL21 23 475 CALL | -1 | $9.350 | 16 |
| 2023-07-18 12:38:00 | JUL21 23 475 CALL | -3 | $9.910 | 13 |
| 2023-07-18 12:38:00 | JUL28 23 500 CALL | -3 | $7.580 | 18 |
| 2023-07-18 12:38:00 | JUL28 23 500 CALL | -3 | $7.550 | 15 |
| 2023-07-18 12:38:00 | JUL21 23 475 CALL | -1 | $9.750 | 12 |
| 2023-07-18 12:38:00 | JUL21 23 475 CALL | -2 | $9.790 | 10 |
| 2023-07-18 12:39:00 | JUL28 23 500 CALL | -3 | $7.310 | 12 |
| 2023-07-18 12:39:00 | JUL28 23 500 CALL | -3 | $7.250 | 9 |
| 2023-07-18 12:39:00 | JUL21 23 475 CALL | -5 | $9.350 | 5 |
| 2023-07-18 12:39:00 | JUL21 23 475 CALL | -5 | $9.390 | 0 |
| 2023-07-18 12:41:00 | JUL21 23 475 CALL | 2 | $8.420 | 2 |
| 2023-07-18 12:41:00 | JUL21 23 475 CALL | 2 | $8.400 | 4 |
| 2023-07-18 12:42:00 | JUL28 23 500 CALL | 1 | $6.850 | 10 |
| 2023-07-18 12:45:00 | JUL28 23 500 CALL | 1 | $6.900 | 11 |
| 2023-07-18 12:53:00 | JUL28 23 500 CALL | -1 | $6.580 | 10 |
| 2023-07-18 12:53:00 | JUL28 23 500 CALL | -2 | $6.580 | 8 |
| 2023-07-18 12:53:00 | JUL28 23 500 CALL | -3 | $6.550 | 5 |
| 2023-07-18 12:53:00 | JUL21 23 475 CALL | -2 | $8.200 | 2 |
| 2023-07-18 12:54:00 | JUL21 23 475 CALL | -2 | $7.950 | 0 |
| 2023-07-18 13:19:00 | JUL28 23 500 CALL | -1 | $6.770 | 4 |
| 2023-07-18 13:19:00 | JUL28 23 500 CALL | -2 | $6.770 | 2 |
| 2023-07-18 13:19:00 | JUL28 23 500 CALL | -2 | $6.750 | 0 |
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