NVDA Technical Analysis & GEX Options Setup for February 26, 202NVIDIA CorporationNASDAQ:NVDABullBearInsights📌 Key Observations from the Charts 1. Market Structure & Price Action: * NVDA recently broke down from 141-143, currently consolidating around 135.01. * Support Levels: * 134.27 (current price zone, short-term support). * 129.08 (major support & put wall zone). * 123-120 (critical gamma zone, could see acceleration if breached). * Resistance Levels: * 136.84 (POC, first resistance). * 141.46 (VAH & key rejection level). * If NVDA loses 129, expect a sharper decline to 123-120. 2. Volume Profile & Auction Levels: * Point of Control (POC): 136.84 → Key resistance level that needs to be reclaimed for upside. * Value Area High (VAH): 141.46 → Major resistance zone. * Value Area Low (VAL): 134.27 → Must hold for buyers to prevent further decline. 3. Indicators Review: * MACD: Bearish, downward momentum is still present. * Stochastic RSI: Oversold, but no confirmation of a reversal yet. 🛠️ Options GEX Analysis * Call Resistance: * 145-150 → High gamma resistance, strong call walls. * Put Walls & Support Zones: * 129 → Highest Put Wall & Negative NETGEX Support. * 120-118 → Strong Put Wall—if broken, NVDA could drop significantly. * Implied Volatility (IVR & IVx): * IVR 51.9 | IVx Avg 79.4 → Higher volatility, larger price swings expected. * Call Positioning 23.7% → Weak bullish positioning, suggesting more downside risk. 📈 Trade Setups & Game Plan 🔴 Bearish Scenario (Preferred Setup) 🔹 Entry: Short below 134 confirmation. 🔹 Target 1: 129.08 (Put Wall Support). 🔹 Target 2: 120-118 (Put Wall Breakdown Level). 🔹 Stop-Loss: Above 138 (invalidates breakdown). 🔹 Options Strategy: * Buy PUTS 135/125 expiring 1-2 weeks out if breakdown confirms. * Debit Put Spread (Bearish 135P/120P for risk control). 🟢 Bullish Scenario (Less Likely) 🔹 Entry: If price reclaims 138-141, targeting 145+. 🔹 Target 1: 141.46 (POC, first resistance). 🔹 Target 2: 145.00 (major resistance). 🔹 Stop-Loss: Below 134 invalidates upside move. 🔹 Options Strategy: * Sell 120/115 Put Credit Spread for a bounce play. 🎯 My Thoughts & Suggestions * Main Bias: Bearish, unless 138+ is reclaimed. * Gamma Risks: Below 129, strong gamma exposure can push NVDA lower quickly. * Options Play: Puts look stronger based on GEX positioning & technical weakness. ⚠️ Disclaimer This analysis is for educational purposes only and does not constitute financial advice. All trading involves risk, and past performance is not indicative of future results. Please do your own research and consult a professional financial advisor before making any investment decisions.