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If we go back to the night of mid terms: I was convinced beforehand that volatility would kick up after the election because the same thing happened in 2024 with the presidential election. Price action had also been tightening up in the days before which is indicative of a big move coming, think of it like a spring coiling up before violently unwinding. So with that in mind, I was actually initially bearish especially with it immediately opening red last Tuesday. However, around 11 pm ET it sharply reversed with a green doji 1hr candle (a warning sign the downward move was slowing) followed by a solid 1hr green (confirmation it was reversing). So if it wasn't going down, it was probably swinging back up, and sure enough within a few hours the whole night was green again. So then, with that much momentum building overnight, it suggested the day time would be green. Well, we had a big gap above so that became my likely target, which filled in the morning. The same thing happened this Tuesday into Wednesday. Monday was a sharp green move into retesting half the big drop from the previous Thursday. Then Tuesday was CPI, which is commonly used to fuck both bulls and bears. [I even said so back on Monday](https://www.reddit.com/r/wallstreetbets/comments/1xrwl7p/1300_to_155k_added_another_45k_today_with_spx/19se1fja7ymyr/). However, Tuesday had that same pattern in the afternoon of a 1hr green doji stopping the downward action from the morning, followed by a solid green 1hr candle. So again, if it's not going down, then it's probably going up to at least the prior day's and night's highs. And if it's going up that far, then it had a big gap above again with a full reversal of Thursday. We didn't get there on SPX, but we did on NASDAQ (NQ/NDX). So that's how I came up with 7650 as my target exit, because it roughly correlated with where NQ was going to top out since it was leading. So there is a thought process, and if you see those signs you can tightly manage your risk since you know where your floor is before the whole thesis fails (in the case of the last two Tuesdays, it would be the bottom of the solid green 1hr candle that signaled the reversal).

**BanBet Created** ▼ | Ticker | Target | Entry | Move | Expires | |:---:|:---:|:---:|:---:|:---:| | **QQQ** | $650.00 (below) | $688.69 | -5.6% | Fri 11:30 PM ET |

The drop happened at 9 ET right after WSJ released an article about an argument with jensen and the current interim ceo. Apparently there were disagreements between the two about the increasingly large and risky backstops they were giving to companies, losing cloud customers and receiving more wafers than they can sell.

| Ticker | Target | Entry | Current | Move | Expires | |:---:|:---:|:---:|:---:|:---:|:---:| | **NVDA** ▲ | $200.00 (above) | $177.32 | $167.05 | +12.8% | Wed 1:51 PM ET | | **Record** | 0W - 10L | 0% | - | - | - |

Nvidia without Huang: what the filing says, what two analysts argued, and how big the move really was Nvidia's board accepted Jensen Huang's resignation on Nov 12, effective immediately. Here is what is actually known, with the numbers in context. What the filing and release say \- CFO Colette Kress is interim CEO and stays CFO while the board searches inside and outside the company. \- Harvey Jones, a director since 1993, becomes the board's first chair. \- No reason is given, and nothing on severance. \- Q3 results are still Tuesday, Nov 17, with the call at 2 PM PT. How big was the move? \- $NVDA opened down 13%, hit $148.80 (down 14.35%) at 9:31 AM ET, and closed down 4.3% at $166.19. \- With 24.1B shares outstanding (August 10-Q), the close is about $4.0T of market value and the day's loss about $180B. At the low, roughly $600B was briefly erased, about the size of the record $589B DeepSeek-day loss in January 2025 (my math). \- The close is about 31% below the Oct 6 record of $239.24. \- $AMD rose 5.9% and $AVGO 5.5%, while $SMCI fell 11.3% and $CRWV 6.9%. What two analysts argued on The Information's TITV \- Nancy Tengler (Laffer Tengler Investments, an NVDA holder) put the Huang discount at 20 to 25% and plans to add after earnings, citing roughly 10x next year's earnings and the buyback. \- Matt Bryson (Wedbush) argued 2027 is largely set: demand still exceeds supply and the supply chain is in place, so a new CEO gets three to four quarters of runway. Is the valuation cheap or normal? \- At $166.19 and a $15.81 FY2028 consensus EPS (TradingKey, Nov 9), $NVDA trades near 10.5x. On FY2027's $9.29 it's about 18x. \- In March, on next-12-month earnings, it traded near 20x, which TIKR called close to a five-year low. That's a different earnings basis, but the direction is clear. \- Bryson noted that Intel kept a low-teens multiple through years of manufacturing delays under Bob Swan. Nvidia now trades below that. To me, the market is pricing something closer to the Intel case than the Apple-after-Jobs case the panel also raised. \- Buyback: Nvidia's Sept 28 release put the remaining authorization at $235B, to be executed through fiscal 2028. That's about 6% of today's market value (my math). What Nov 17 has to show 1. Q4 guidance that holds up, which tests the "2027 is set" argument. 2. Rubin timing. Nvidia said in May that production shipments would start this fall. 3. When buybacks resume after the blackout. Is about 10.5x forward earnings pricing in real roadmap risk after 2028, or just shock?

Others covered the why (holders can exercise until about 5:30 ET, so $1 over the strike at the close isn’t a cushion). On the what-now, since you’re holding 500 at 172.50: I looked at NVDA history since 2016 for this exact spot: assigned on a put, stock a bit under the strike, then three monthly call cycles. Small sample (25 episodes of a 5-10% hole, and you’re at about 4%), but the shape: Calls struck at your basis: median about +2% of basis after ~3 months, back to whole in about 2 of 3 cases. Calls struck at today’s price: roughly 2.4x the premium, but called away 96% of the time, which locks the loss in. Just holding: higher median (+4.5%) but a much wider range, about -22% to +36%. Selling now: you take the drop. Across ~40 tickers, calls at basis had the best median at every drop size; NVDA’s hold number is the exception. Disclosure: I built the free page that runs this, no signup: lastvesper.com/tools/assignment?utm_source=reddit (type NVDA, 172.5 and today’s price). Just what each move did historically, not advice.

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https://preview.redd.it/ct58bzhak91i1.png?width=1790&format=png&auto=webp&s=3fd44f3709b5dc717c278fe564689fae0b8867ba **📊 Key U.S. Economic Data (ET)** **8:30 AM** | Main: PPI & Core PPI m/m | Forecast: PPI 0.4%; Core PPI 0.3% | Previous: PPI 1.3%; Core PPI 0.7% ⚠️ For informational purposes only. Not financial advice. 📌 #SPY #SPX #StockMarket #PPI #Inflation

Fair, the structure point is real. A big share of BTC demand now runs through spot ETFs that only trade during US market hours, and alts don't get that bid at all. Today is a slightly different picture though: BTC is about $71.3k (CoinGecko, 6:03 PM ET), down around 3.5% on the day, while ETH is down around 2.1%. So alts aren't the ones leading this leg. If that holds on the next red day, it would be the first sign the underperformance is easing.

Time to buy more? INNOVATE Corp. (NYSE: VATE) reports its Q3 2026 financial results today, November 12, 2026, after the market closes, with a live earnings conference call scheduled for 4:30 PM ET. • Q3 2026 Consensus Estimates: Analysts expect a consensus EPS of -$2.18 and consensus revenue of $251.70 million. • Webcast & Call Access: You can tune in or access SEC filings and audio archives via the INNOVATE Investor Relations Website. • Q2 2026 Recap: In its previous quarter (reported August 6, 2026), INNOVATE reported an EPS of $0.71 (beating estimates of -$2.18) and quarterly revenue of $421.60 million

\+13.2% at 168.37 in after-hours (4:35 pm ET)

Cerebras Systems reported better-than-expected revenue and quarterly guidance in its earnings report on Thursday, and touted a new deal with Microsoft. The stock soared 13% in extended trading. Here’s how the company performed relative to LSEG consensus: Loss per share: 67 cents. It’s not immediately clear how the number compares with the loss of 14 cents expected Core revenue: $230.9 million vs. $214.7 million expected Cerebras’ core revenue grew 70% from $135.7 million, compared with 103% growth in the second quarter, according to a statement. Executives will announce a new relationship with Microsoft, one of the world’s top cloud providers, on a conference call with analysts, Feldman said. The call starts at 5 p.m. ET.

Nvidia's 8-K on Huang's exit gives no reason and no severance. The proxy says there are no severance or change-in-control agreements for executives, Bloomberg Law reports about $108M of unvested equity is forfeited, and he held 3.58% as of March with no super-voting stock, which is why the board could accept a resignation in a day. Stock was around $164 (-5.5%) at 3:28 PM ET after a low of $148.80. Tuesday's 10-Q is the thing to read: last quarter showed $279B of supply and capacity commitments, up from $119B, plus $108.5B of guarantees.

Mostly it's a BTC drawdown dragging everything with it. BTC is around $71.6k (CoinGecko, 3:12 PM ET), down about 3.8% on the day, 14% over 30 days and roughly 43% under the Oct 2025 high of $126k. ETH (-20% over 30 days) and SOL (-24%) are falling harder, which is normal when risk appetite drains: BTC dominance is near 59.5%, so money is hiding in the biggest coin rather than rotating into alts, and Fear & Greed sits at 28. How long is the honest unknown. The thing I'd watch is whether alts stop underperforming BTC on red days; until that happens, bounces tend to get sold, so I'd size positions assuming another leg down is possible.

**BanBet Created** ▼ | **Record:** 1W - 0L | Ticker | Target | Entry | Move | Expires | |:---:|:---:|:---:|:---:|:---:| | **NVDA** | $145.00 (below) | $164.81 | -12.0% | Fri 2:22 PM ET |

**BanBet Created** ▼ | **Record:** 3W - 11L | Ticker | Target | Entry | Move | Expires | |:---:|:---:|:---:|:---:|:---:| | **MSFT** | $520.00 (below) | $526.23 | -1.2% | Tue 1:28 PM ET |

| Ticker | Target | Entry | Current | Move | Expires | |:---:|:---:|:---:|:---:|:---:|:---:| | **GOOG** ▲ | $300.00 (above) | $282.96 | $299.04 | +6.0% | Wed 9:26 AM ET |

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Thursday is news day. How great would a big deal PR with a big name, afterhours be for Glen's event on Friday? Would be appreciated. And it's at 9:30 AM ET, [https://x.com/SMR\_VISION/status/2120736060183400947?a=CLofEABJAIr1Q9r78qc&s=20](https://x.com/SMR_VISION/status/2120736060183400947?a=CLofEABJAIr1Q9r78qc&s=20)

Yeah, I understand the mutual funds. Only trade at the end of the day at a new asset value, but since I’m using ETFs that trade throughout the day like equities, I just wanted to make sure of when I could expect to see in order placed. Sounds like it would be anytime on the date that I put in, so it’ll happen sometime between 930–4 p.m. ET?

**BanBet Created** ▼ | Ticker | Target | Entry | Move | Expires | |:---:|:---:|:---:|:---:|:---:| | **NVDA** | $140.00 (below) | $164.79 | -15.0% | Fri 11:49 AM ET |

Apparently Jensen is in China already, news will break from Walter Bloomberg at 3:59pm ET.

Silver futures are near $50.16 this morning, down 3.3% today and 4.6% since Monday's close. Gold is down 3.0% today, under $3,900. The driver is rates. After Tuesday's hot October CPI, CME FedWatch shows roughly a 90% chance of a 25 bp Fed hike in December, the 10-year Treasury yield is 5.07%, and the dollar index hit a 19-month high this week. Miners took it harder: since Monday's close, SIL is down 9.4%, SILJ 9.8% and GDX 9.5%, about double the metal. Today looks a little different. SIL (-2.7%) and SILJ (-2.8%) are falling slightly less than silver (-3.3%). After a three-day flush, miners holding up better than the metal can be an early sign the selling is getting tired, but one morning isn't a trend. Gold/silver ratio is about 77.4. What I'm watching: whether silver holds $50 on a closing basis, Friday's October PPI (8:30 a.m. ET), and whether miners keep beating the metal on down days into the Dec 8-9 Fed meeting. Data: Yahoo Finance, ~8:40 a.m. PT. News: Kitco, CNBC. For those who hold both physical and miners: does a drop like this make you add to the stack, the miners, or neither until the Fed meets?

I am happy to give you information about this. With life being so busy, I definitely understand wanting the ease of recurring investments. FYI, stock and ETF trades will be placed as market orders at any time during the selected investment date. Mutual fund orders are a little different, as they are placed at the next available price based on the selected investment date. Mutual funds trade only once per day after the markets close at 4 p.m. ET. If your selected investment date falls on a non-trading day, then the order will execute on the next trading day. You can read more about recurring investments at this link on our website. Scroll down to read FAQs. [Recurring investments](https://www.fidelity.com/trading/recurring-investments) I'm glad you know you can come to our sub with questions. Reply below if you have more, and the Mods will jump back in.

**Retail investors net bought $111M of Nvidia ($NVDA) shares from 9:30 to 10 a.m. ET on Nov. 12, a record for the stock’s opening half-hour. - Vanda.**