NVIDIA’s stock is trading around $169.76 following its earnings report and subsequent pullback. The stock has been fluctuating between $167.35 and $170.96 recently, with active put options around $165 and calls at $175.50. Liquidity is noted in the $162–165 range, showing potential for rebounds, while long-term moving averages suggest the stock has been overextended.

For longer-term buyers, a “buy the dip” approach is suggested when prices fall to the mid-140s, with specific entry and stop levels detailed. For example, buying at an average of $145.44 with a stop at $138.39, aiming to take profits at $154.12 and $189.12. Shorter-term investors might target $163.68 and $162.58 for entries.

For those looking to sell into strength, entries around $174.80 to $175.80 are suggested, with a stop at $177.20 and profit targets at $171.60 and $168.75. Options clusters play a role in defining support and resistance, with volume nodes acting as price magnets.

These strategies highlight a structured approach to trading NVIDIA, using defined entry and exit points based on current price dynamics and technical analysis. The final choice depends on individual risk appetite and strategy preference.

As of today, September 8, 2025, we see NVIDIA trading in a familiar range, making it a playground for tactical traders. The recent volatility following last week’s AI conference provides a clear map for playing both sides of the stock. With the VIX having climbed from 13 to 18 over the past month, defined risk strategies are crucial for navigating the chop.

For those looking to buy a pullback in the coming weeks, the zone between $162 and $163.70 is a key area of interest. This level represents a significant volume shelf and aligns with where heavy put option open interest is concentrated for the September monthly expiration. A dip to this area, perhaps triggered by broader market jitters over this week’s upcoming inflation data, could offer a tactical entry for a bounce.

Looking back, we saw similar behavior in late 2024 when NVDA consolidated after a major run-up, repeatedly finding support near its 50-day moving average before resuming its trend. That historical price action suggests patience on dips often pays off more than chasing upside momentum. Derivative traders might consider selling cash-secured puts with a $160 strike to collect premium while waiting for this level.

On the other side, we are watching the $174 to $176 area as a prime spot to fade strength. This zone lines up perfectly with a wall of call options, suggesting it will act as strong short-term resistance. Given that NVDA’s forward P/E ratio has compressed from 45 earlier this year to a more reasonable 38, rallies may be capped until the next major catalyst.

If the market experiences a deeper correction, the patient plan to buy a flush into the mid-$140s becomes very attractive. This would represent a significant washout below the primary support zones, often where strong reversals begin. For traders with a longer-term view, accumulating in that zone could set up a highly profitable position heading into 2026.