nHedge

2. Hedging with Call Optionsnn- Objective: Offset potential losses from puts by capitalizing on upward movement.n- Action:n1. Buy Call Options: Purchase out-of-the-money (OTM) calls (e. g. , $135 or $140 calls expiring this week).

Conclusionnn- Higher Chances: NVDA has a moderate probability of moving above $132.69 by the end of the week but is more likely to stay within the monthly range of $130.92n- $104.14.nnRecommendation: Hold or Wait for a clearer signal. If you are looking for a short-term scalp, consider the potential for a move above $132.69, but be cautious of the broader monthly range.nnDisclaimer: Trading involves significant risk and is not suitable for all investors. Always conduct your own research and consider consulting with a financial advisor.

Bullish Sentiment: Higher IV for 130 calls suggests that the market expects significant upward movement.