Hey Traders,
I’m back in Colorado until October or November. Now, let’s get to the market update.
The Dow (DIA) recently hit 40,000, which is bullish, but it’s not as bullish as the Nasdq (QQQ).
Tech is where the real action is right now, and unless you’ve been living under a rock, you probably know NVIDIA is leading the charge. It’s taken off even more than I expected.
I’ve been long on NVIDIA stock for a while, initially buying around 333 and adding more as it goes up.
The stock has had blowout numbers recently and continues to climb, mainly due to the upcoming stock split on June 10th.
After the split, you’ll have 10 shares for every one share you currently own.
The stock is over 1000 now, and while it cooled off a bit, it’s still high.
Now here’s the thing about stock splits: The myth is that when a stock splits, it becomes more affordable and attracts more retail investors.
While that’s somewhat true, the real action is going to be in the options market.
Post-split, NVIDIA’s options will be some of the most lucrative trades for the rest of this year and into the next. With a strong trend and good volatility, it’s a dream scenario for options traders.
Think about it: Tons of investors want to trade NVDA, but they can’t afford $3600 for an option. But they can definitely afford $36.
Plus, if you end up with at least 100 shares post-split, you can set yourself up to sell covered calls.
So, stick around because I’ve got something amazing coming your way on the tail end of this.
In the meantime, check this out:
I’m going live today to share everything about how to tap into the government’s wasteful spending with my Profit Sharing Payments strategy. Click here to check it out!
Trade well,
Jack Carter