Good Morning Traders-
Amazing week, and here's something that I thought of the other day – very interesting. Well, NVDA 0.00%↑ hit 500 beginning of the year, and it couldn't break through, and it goes near 500 and goes down. When it got to 470, the 600 calls were $10 for earnings. $600 calls were $10. Okay, we thought it was pricey, but let's say you put a million dollars in. Those went to $200, that's 20 million. Let's say you only put in 10 grand; it's 1 to 20. They went 20:1.
Unbelievable, right?
So now you think about it, and I posted this thing. It's very interesting. I didn't get that many responses. Let me tell you that the bulk of the people on Twitter just don't contemplate.
Okay, what if Jensen says we're going to start orders? I don't know if he started orders, I bet you he already did, probably not publicly. But, what if he says we expect more deliveries of the H200 than the H100? That takes this to a thousand. That takes Nvidia to a thousand, that takes SMCI 0.00%↑ to probably 1,400-1,500. Pretty crazy, pretty crazy, pretty crazy.
Okay, so that's what's going on.
AVGO 0.00%↑ looking to sell a unit, maybe that takes it up.
ASML 0.00%↑ , all these things are one-day winners. They're all one-day winners, then they go higher. But, they're not completely breaking up.
LRCX 0.00%↑ , not completely breaking up, it's trying. ASML, not breaking up, it's trying. Even AMD 0.00%↑ tried and then it stopped.
PANW 0.00%↑ is up 30 into Zscaler's earnings. If it's truly a price war, then ZS 0.00%↑ and CRWD 0.00%↑ are going to collapse.
ARM 0.00%↑ trying to break up again, what a little garbage stock wouldn't go Friday now it's trying to go. Maybe it goes; if it does, going to squeeze a long way.
SNOW 0.00%↑ earnings this week, that looks really good, and CRM 0.00%↑ earnings are going to come, and that's going to drive NOW 0.00%↑.
So that's what's going on, but then you have the PCE. If the PCE is low, does it take SPX to 5200 next Friday or this Friday? Wow, wow, wow, wow, wow.
Okay, so that's what's going on. That's what's going on. That's what's going on, and then we see, and then we see, then we see.
So chill and wait.
Think about META 0.00%↑ . If all you did was play META last week, and when it went down to one, you got it, then it went back to eight, then it went to 14 on the 480s. They went to 13, then it went to 14, and then it dropped all the way back down again to 484. So we like it again. We like the 190s, but we like them at one. Let them go down. So chill and wait, chill and wait, chill and wait. And that's what we know. That's what we know. That's what we know.
What longer dated lotto do I like for SMCI and Nvidia? Nvidia would be the 900s. But let me tell you something, everybody and their mother is buying it for Jensen's presentation. Right? And then we see, and maybe you get one more chance to buy it lower. Let's see, don't know.
Okay, SMCI, if and when it takes out a thousand, it got right to 1K and came down. So once it gets to a thousand, it can really spike, okay? So that's what we know. SMCI cost bases on the thing, so they're not giving any interest. So we thought when they raised that money, they'd be giving you interest, and they're not. Price target, the convert price is like 1,300 something, so it's like an option. You get an option; you don't make any money on it. And if it goes, at some point, you get a possible conversion. Really strange, what if they don't convert it? This is really interesting. So don't really know how that works. So that's what I know.
Okay, so the events this week, you got PCE. You have Snowman earnings, Zscaler earnings. But that's Thursday, and you got CRM earnings. These are the big boys, okay?
Okay, let's get started.
Good morning, good morning.
SPX down a little bit, not doing much. You got 5052 down, 5108, 5109 up.
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