A ho-hum day with a lot of other competing priorities, the only potentially interesting thing I have on the economic calendar today is Nvidia's (NVDA) GTC event. There's a lot of speculation around the event and I maintain that it is still nigh impossible for Jensen Huang and NVDA to meet the expectations placed on them. Coming off the market-wide rally yesterday NVDA among many others pulled back which I had expected, barring any other major news.
If I had more risk appetite this week I would purchase some put options on NVDA, but the distractions are many and excess time and liquidity is low. I will let the reader guess which I have more of after the last couple weeks! :)
I was able to spot one momentum trade with Amazon (AMZN) but I needed to close the terminal to focus on more profitable ventures for the day!
Log
- Woke up with other demands on my time and didn't have much time to do much more than a cursory glance at the news before open. Nothing really notable, since there was a late afternoon rally yesterday I was expecting some pull back from the numbers, but didn't really have any specific strategy in mind.
- Ended up being totally distracted by the first 30 minutes of the session despite the terminal being open.
- Saw an opportunity with an inexplicable Amazon (AMZN) spike that I could take action on.
- Turned the AMZN option around and closed the terminal because there are simply too many other things on deck today.
Trades
- AMZN 28MAR25 192.5 P
- INTC Mar2825 26 P
- SMCI Mar2825 40 C
Holding
- AMD
- COST
- DDOG
- IBKR
- SHOP