To The Moon

TL;DR: For Nvidia's Q4, the expected trading range is roughly $90-130, with $110 as the median price point.Following Nvidia's Q2 earnings release, the famous $200 million trader rolled their position:Closing $NVDA 20240920 105.0 CALL$ 100,000 contractsOpening $NVDA 20241220 110.0 CALL$ 126,000 contractsPreviously I may have conflated their position with other funds, as it's not uncommon for prominent whales to have imitators piggybacking.Evaluating the closed 105 calls ($NVDA 20240920 105.0 CALL$ ), the trader likely took a small loss based on the chart, but nothing extraordinary f

Last month, the Federal Reserve implemented its fifth straight interest rate hike this year, and its third consecutive hike at 75 basis points, bringing its key funds rate up to the 3% to 3.25% range.