Massive Market News Today! Nvidia Back Down Near Lows

Hey Options Trader,

The Federal Reserve meets at 11:30am PST/ 2:30pm EST to discuss potential rate cuts. This will be a huge driver for market sentiment within the next couple months. Also major companies including Meta, Microsoft, and Tesla are reporting earnings after the bell.

I will be uploading a Tesla Earnings Update video around 4pm PST today so stay tuned for that.

Here’s what we are covering:

1. $QQQ and $VIX - Where the market may be headed after this announcement

2. $NVDA - key levels

3. $TSLA - My strategy after earnings today

4. Opened up more calendar spots for mentorship with me! Lifetime Discord access.

$QQQ and $VIX - Where The Market Is Headed

QQQ is conveniently in the middle of the range. RSI is directly in the middle of the range as well. I have 85% conviction that earnings are great and Fed continues to remain dovish on interest rates (lowering rates). This should push the market higher for the next couple months until next earnings season approaches.

VIX is also indicating the fear is not as high as previous Fed Meetings. In fact the VIX was near 20 the last Fed Meeting. We are currently at $16.

If there is a bad news that comes out, we could flush back down to the bottom of the channel on QQQ or back to $500, which would be a buying opportunity.

I have $100,000 ready to deploy as I cashed up during this last run up.

$NVDA - Key Levels

My Nvidia position remains the same. Im currently just waiting until the cash secured puts get closer to expiration to see where NVDA is at.

We had a nice recovery yesterday, but quickly gave it up today. This is normal!

If you look at the last two significant dips on NVDA, you can see that it took several days to see the start of recovery. After earnings today, if they go well, we could see that massive run up.

I have 100% conviction we aren’t going any lower than $117. That flush was everyone’s last chance to get out of the stock if they didn’t believe in the long term fundamentals.

$TSLA - My Strategy After Earnings

I closed out my TSLA position prior to earnings for profit. I plan on reentering tomorrow even if we fall massively or rise massively. I very bullish on Tesla. Market makers are pricing in a $36-$40 move up or down. If we fall to $340, I will sell aggressive 35 delta cash secured puts. If we rise to $420, I will sell 25 delta cash secured puts.

Would You Like To Work With Me Directly and Follow My Exact Trades?

I look forward to working with you!

-Ryan