- Options Trading University
- Posts
- Nvidia LOADING UP! TikTok BAN Will Help This 1 Stock
Nvidia LOADING UP! TikTok BAN Will Help This 1 Stock
Hey Options Trader,
The market made quite a comeback today after more of a lull day yesterday. Some individual names are getting a lot of buying activity. Also the TikTok ban is happening on Sunday which could be good for one particular name.
Here’s what we are covering:
$QQQ and $VIX - Market Minutes
TikTok Ban In US Sunday will help this stock. Im increasing position.
Nvidia Loading Up
My New Palantir Wheel Strategy
$QQQ and $VIX - Market Minutes
$QQQ has broken above the descending channel it was forming (also a bull flag). This happened sooner then expected. Also, the $VIX hit $15 today which tells me we are in a risk on environment. VIX could be headed to $10-$12 on this next market pump.
Also earnings season is a couple weeks away which could be the catalyst to push us to new all time highs once more, which I believe will happen in February.
With this being said, it’s still a great time to load up the boats on Cash Secured Puts, LEAPS, and shares as we are still trading at a discount.
QQQ breaks above descending channel today
VIX in the sweet spot ($15) to load up on selling options
If you're frustrated by one-sided reporting, our 5-minute newsletter is the missing piece. We sift through 100+ sources to bring you comprehensive, unbiased news—free from political agendas. Stay informed with factual coverage on the topics that matter.
TikTok Ban Will Help This Stock. Im Increasing Position.
The TikTok ban is holding steady for this Sunday. While I believe $META will see some benefit to this, I do believe $GOOGL will see a greater push from this news.
$GOOGL owns YouTube, which has historically paid creators more than any other platform. I believe all the TikTok creators and their audiences will be flocking to establish themselves on YouTube for the long run.
This will attract more advertisers who were previously spending millions on Tiktok ads, to spend on YouTube ads.
$GOOGL has been trading in a consolidation range. I have the $185 strike cash secured puts. I believe that’s also an optimal strike for mid February.
This would also be a great entry for a LEAPS option.
Google consolidating between $185 and $200. Primed for TikTok breakout.
Nvidia Loading Up
$NVDA is finally seeing some follow through after this market rebound. I believe things are just loading up. This is by far the best risk to reward play going into earnings season.
I have loads of cash secured puts at the 126, 135, and 140 strike. I also have 400 shares and 7 LEAPS call options as well.
Another indication that helps confirm the bullish sentiment is the RSI made a bullish crossover today.
I’m not saying we won’t chop around for another week or two, but come a week prior to earnings I think we will be near all time highs again.
Nvidia finally catching some action today. RSI bullish crossover.
My New Palantir Wheel Strategy
Have a great weekend!
-Ryan