NVDA Long — $NVDA printing all-time highs above 216.96 on massiv

TradingView2026/05/09 10:42

By:TradingView

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Setup: NVDA printed an all-time high today on the 4h chart, breaking above the prior swing high near 216.96 on rising volume. The LTF 1h shows a powerful gap-and-run open on 5/8 from 212.99 to 217.76 intraday, with the most recent bar holding above the breakout shelf. The trend from the April 2 low near 165 is a clean staircase of higher highs and higher lows on the 4h; today's push above the prior April 27 high is the continuation print. Volume on 5/8 is above average with green acceptance.

Flow: Options flow is overwhelmingly call-dominated — call/put premium ratio near 19:1 and call/put volume ratio near 13:1. The largest prints are in 215–220 calls across May expiries, with a standout 250-contract block in the 5/22 212.5C and fresh bullish ask-side buys in the 5/13 215C. The Compass Point GPU deal catalyst provides a near-term anchor; AMD earnings momentum continues to flow into semis sector leaders. Analyst consensus is strong-buy with 24% upside to mean target. Net flow sentiment registers more bearish dollar-weight due to some deep ITM call closing/rolling at the bid (180C, 200C prints on bid), which is consistent with profit-taking at ATH rather than directional shorts — a constructive read at breakout.

Plan: Stop sits below the gap fill zone and the prior April 27 swing high that has now flipped to support; a close back below that shelf invalidates the breakout thesis entirely. Target is the next round-number resistance and a clean measured-move extension from the April base. Michigan sentiment data is an intra-session volatility risk — the entry is priced at the level so a fill near current is acceptable, but the ttl is short given proximity to entry.

📍 Entry: 217.01
🛑 Stop: 213.50
🎯 Target: 225.00
⚖️ R:R: 2.28

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NVDA Long — $NVDA printing all-time highs above 216.96 on massiv

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