Nvidia and 0DTEs: Don’t Miss This Week's Market Recap
Nvidia and 0DTEs: Don’t Miss This Week's Market Recap
By:Ryan Gaynor
A weekly roundup of tastylive videos offers the best trading tips from the network’s wealth of financial shows
Who needs Nvidia?
On a historic market peak day, tastytrade market technician Tim Knight wore celebratory attire, predicting a down day despite general optimism fueled by robust results from Nvidia (NVDA). He seized on the low volatility by buying puts, yielding a 220% profit. Knight then walks the viewer through some charts with bearish engulfing patterns in SPY and major stocks like Intel (INTC), Nvidia's potential peak and the importance of diversification. Post-NVIDIA, he noted significant market corrections, emphasizing strategic positioning in various securities.
Win 95% of your 0DTE trades with this strategy
In this week’s Market Measures, hosts Tom Sosnoff and Tony Battista discuss the details of trading zero-day-to-expiration (0DTE) options, emphasizing managing winners and employing strategies for better outcomes. They analyzed closing trades at different profit targets, concluding that closing at 15%-25% yields the best results. This is one you don’t want to miss because the two veteran traders discuss how to trade 0DTE options much more efficiently.
Use this strategy to avoid fearing trades
In this Market Measures segment, Sosnoff and Battista evaluate the relationship between VIX and stock implied volatilities, driven by a study examining various stocks' volatility from January 2021 to May 2024. Takeaways include the high positive correlation between VIX and individual stock volatilities and the importance of selling premium in stocks with high implied volatility to minimize risk.
Ryan Gaynor is a video content specialist at tastylive.
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