AI's Bellwether Moment
NVIDIA reports earnings this Wednesday. The market is pricing in perfection, but the demand for H100 chips shows no sign of slowing down.
Technical Confluence
- Support: $850 (Previous ATH flip)
- Resistance: $1000 (Psychological)
- Volume Profile: Thin air above $975
Strategy
Implied volatility is crushing premium. We prefer long delta strategies via call spreads to cap risk while capturing the potential breakout to $1100.
Wizard's Verdict: Bullish, but hedge tail risk.