Nvidia Stock (NVDA)

Here were yesterday’s things: * New short position — Bloom Energy ($BE) at $265.39 * New option position — Bought Nvidia ($NVDA) puts * Reshorted $SPY at $748.88 and $QQQ at $722.58 * Shorted $GRNY at $27.81 * Shorted $JOET at $45.97 * Reshorted Morgan Stanley ($MS) at $223.61 * Supersized long $MSOS at $4.46 Position: …

Nvidia ($NVDA) is trading at $202.10. I am buying monthly puts for August. Read “More Tales” for my rationale. Note: The entire Halftime crew of panelists are long this name, with SLINK buying for the first time today. Position: Long NVDA puts

* S&P EPS growth, that is…. The business media has been ecstatic about strong, aggregate S&P EPS growth – serving as the foundation of the bullish argument. But, take out Micron ($MU) and Nvidia’s ($NVDA) earnings, all the non recurring gains (in the hyperscalers) from unrealized investment gains coupled with the (one time) energy sector contributions …

* And fading it… I don’t own and am currently short (and have been recently short C, JPM, GS, MS, UBER, NFLX, homebuilders, etc.) some of the most consensus sectors. I am long some of the most non-consensus sectors. Consensus Longs: * Memory: SanDisk ($SNDK), Micron ($MU), Intel ($INTC), AMD ($AMD), Applied Materials ($AMAT) (“it’s different …

Today we will have delivered three More Tales From Nvidia (representing 213 issues since inception two years ago). FWIW since Nvidia ($NVDA) hit $130 in mid-2024, coincident with More Tales From Nvidia, it has been the worst stock to own in the AI space. The shares retraced to $100 twice. It is all of $190 and change now. And that is …