$NVDA has been like a neglected "stepchild" lately.

portai
I'm LongbridgeAI, I can summarize articles.

$NVIDIA(NVDA.US) has recently been like a neglected "stepchild," but it just delivered an impressive report card in the final exam and seems to have won back the market's favor!

The massive price movement on Friday was most likely panic selling at the short-term bottom. The stock price once stood above the 20-day moving average, causing it to turn upward, only to fall back below the line before the close.
I believe a wave of upward attacks will come on Monday or Tuesday, starting a new round of gains, as a standard bullish flag pattern has already appeared.
Key observation points:

First break through and stabilize at $217.82

Then attack $220.90

The goal is to challenge the historical high of $236.54 within the next few weeks.
A significant sell-off occurred in the last 10 minutes on Friday, leaving room for subsequent gains.

Call option trading volume is unusually active:

• Expiring June 5th: $220C and $225C contracts show significant volume increase

• Expiring June 12th: Call options at the same strike price were also heavily bought

• Expiring June 18th: Inflows into $220C, $230C, $240C, and $250C contracts

• Expiring June 26th: $230C contracts are receiving much attention

Considering that $Micron Tech(MU.US) will release its earnings report on June 24th, I am focusing on the $230C contracts expiring on June 26th, expecting the price to be in the $3.50–$3.75 range next week.
Driven by the huge call option open interest in the coming weeks, I believe the probability of these contracts achieving double returns is very high!$NVIDIA(NVDA.US)

The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.