NVDA - Eh... Options Trade? Week of July 20NVIDIA CorporationBATS:NVDAheavydiligenceNVDA is still chopping around the mid-range after failing to fully reclaim the recent selloff trendline, with price hovering near the 200-202 area. The chart shows a clear pivot zone between 200 and 212, while 192 and 181 remain the more important downside support levels if momentum rolls over. I've mapped out three scenarios for the coming sessions: 🟢 Bullish Scenario If NVDA can hold above 200 and reclaim 212, that opens the door for a move back toward 225 and possibly a retest of the 236.58 ATH. A clean breakout above the descending trendline would confirm that buyers are finally taking control. 🔴 Bearish Scenario If price loses 200 and starts accepting below 192, the next likely magnet is 181. A breakdown through that zone would signal the sideways structure failed and sellers regained control. 🟡 Sideways Scenario (My Lean) This is the scenario that frustrates everyone. NVDA could continue chopping between 192 and 212, with repeated wicks on both sides as the market waits for a real catalyst or clean break of structure. In that kind of range, theta can work against both calls and puts if you’re forcing trades too early. My Outlook If I had to rank the probabilities today: 🟡 Sideways (my current lean) 🟢 Bullish breakout 🔴 Bearish For now, the key is whether NVDA can reclaim 212 or lose 192; until then, the range looks intact and the chop may continue. A decisive break of either level should shift the bias quickly. As always, the Heavy Diligence Options Signals Indicator will be my primary tool for entries and exits. While these scenarios provide the broader roadmap, the indicator is designed primarily for day trading on shorter timeframes, helping identify higher-probability Call and Put opportunities. Combining those signals with key technical levels helps improve risk management instead of simply guessing the next move. Disclaimer: This is only my interpretation of the current chart and is not financial advice. Always do your own research, wait for confirmation, and manage your risk before entering any trade.