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Tuesday, March 7, 2017

Market Update $NVDA

Hi everyone,

Following yesterday's Sell signal on Nvidia stock, I decided to join the bandwagon and entered a small Short position.

I set up a trade as follows: Buy-to-Open April 21 PUT option with strike price 90. My limit order was filled at $1.88 when the stock was trading around $97.70

I honestly believe this stock is highly overvalued and that the price should decline rapidly within the next 30 days to around $85-80.

I will put a stop-loss limit order to protect my position off course.

For today, my algorithm did not produce any new signals.

That's it for today. Have a great one!

To see general results of the algorithm click here.
Check out my Essential Reading List here (I may receive some compensation if you purchase anything on Amazon following my links)

TK

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my About page for a full disclaimer.

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