NVDA Oct. 1 – Knocking on the Door of a Breakout!

Intraday View (15-Min Chart)
NVDA ripped higher early but is consolidating around $186 into the close. Price is riding the intraday trendline, though momentum is fading.
* Support Levels: $185.00, $181.85, $180.56
* Resistance Levels: $186.75, $187.33, $188.00
* Indicators: MACD is losing steam with red bars extending. Stoch RSI is buried at lows, showing possible oversold conditions.

📌 Intraday Thought (Oct. 1): If $185 holds, NVDA could bounce back toward $187–$188. A break below $185 risks a flush to $182 and possibly $181.5. Scalpers can lean long on $185 support with tight risk, or fade near $187.5 if momentum stalls.

Options & Swing View (1H + GEX)

Gamma positioning shows a clear setup:
* Call walls: Big resistance at $187.5–$190, with stacked GEX above.
* Put support: Clustered near $175–$170, with a hard floor around $170.
This implies NVDA is pinned between $185–$190 short term. A confirmed break over $187.5 opens upside momentum toward $190–$195, while losing $185 risks a retrace back to $182 → $175 zone.
* Bullish Play (Oct. 1): Calls or debit spreads targeting $190–$195 if $187.5 breaks on volume.
* Bearish Hedge: Short puts toward $182 → $175 if $185 fails.
* Neutral Play: Iron condor between $175–$190 for premium capture while NVDA consolidates.

My Thoughts (Oct. 1)
NVDA is pressing right into a breakout zone. The tape favors bulls as long as $185 holds, but momentum is clearly cooling on intraday charts. I’d treat $187.5 as the trigger line: over it, we could squeeze to $190+ quickly. Below $185, downside opens fast toward $182. Flexibility is key here—trade the levels, not the noise.

Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.