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They'll let us know what happened next Friday at 4pm ET

Wow grounded untill 11pm ET Minimum

I'll be sure to pass your thanks along to u/FidelityNathan! Due to the complexity of this account, we recommend speaking with our Retirements team to review your specific situation and for help completing the form. Our Retirements team is available Monday through Friday, 8:00 a.m. - 8:30 p.m. ET. They can be reached by calling our service line at the link below. If prompted by our automated system, please say "retirement representative" to be routed to the proper team. [Contact Us](https://www.fidelity.com/customer-service/contact-us) We'll be here to help if anything else comes up. Just let us know. Have a great weekend!

| Ticker | Target | Entry | Current | Move | Expires | |:---:|:---:|:---:|:---:|:---:|:---:| | **QQQ** ▲ | $700.00 (above) | $676.44 | $679.26 | +3.5% | Tue, Nov 24, 6:24 PM ET | | **Record** | 9W - 2L | 82% | - | - | - |

Hey, thanks for bringing this to our attention. I wasn't able to replicate the same issue using Safari on my iPad, so I'll pass your experience along to our developers for investigation. In the meantime, if you haven't done so already, please try the following troubleshooting steps: 1. Ensure your browser and device are updated to the latest versions 2. Clear history and website data 3. Test in Private Browsing 4. Toggle Airplane mode (on for 10 seconds, then off to reconnect Wi-Fi) In the meantime, you might give the Fidelity mobile app for iPad a try to place your trades. I tested that on my iPad too and didn't run into any lag issues. If the issue persists, you can also reach out to our Technical Support team, who can troubleshoot with you. Associates are available Monday through Friday from 8:30 a.m. to 9:00 p.m. ET. Please say "technical support" when prompted by the automated system to be connected to the right group. [Contact Fidelity](https://www.fidelity.com/customer-service/contact-us) We Mods are around if you need more help with this or anything else around the sub.

Stellar is now second globally for tokenized fund value, at $4.5 billion against $675 million a year ago, according to [Token Terminal](https://x.com/i/article/2121011738002739200). A new [Allium Labs report](https://www.allium.so/reports/stellar-institutional-finance-on-an-open-global-network) found that by September 30, Stellar held 42% of all tokenized non-U.S. government debt, and its stablecoin supply had [grown 91%](https://twitter.com/StellarOrg/status/2120627449193168958) in a year against a 0.4% industry average. Templar launched Precept for institutional lending, and Soroswap brought Robinhood stocks to Stellar. # Institutional Scale Token Relations [tracks](https://x.com/i/article/2120573498024464384) Stellar's RWA market cap at $5.5 billion at the end of October, up from $3.05 billion at the end of June. Allium's report, built with SDF, covers on-chain data through September 30, when RWAs stood at [$4.12 billion](https://x.com/AlliumLabs/status/2120532864186167775) and the network's share of the tokenized asset market had risen from 4.9% to 12.7%. Stablecoin supply reached $546 million across 18 stablecoins, carrying $1.95 billion of payments over 12 months. Not every read was glowing: Yakov Kofner [pointed out](https://x.com/csuitecounsel/status/2120743059772334355) that identified payments grew only 21%, to $186 million a month. [Arf](https://arf.one) and Huma's case study in the report shows 4.2x growth in short-term settlement liquidity for licensed payment companies over 12 months. Token Terminal's fund ranking moves Stellar from eighth to second, behind Ethereum. Three issuers drive it: Spiko's eurSAFO for companies and institutions, Franklin Templeton's Benji ($1.2 billion on Stellar), and Ondo's USDY for non-U.S. investors. SDF's [Q3 webinar](https://x.com/StellarOrg/status/2121252687236804700) with Denelle Dixon, José Fernández da Ponte and Raja Chakravorti will run on November 13 at 3pm ET. SDF's preview highlighted MoneyGram, Range and Figure joining as [tier-1 validators](https://x.com/StellarOrg/status/2119846276820791751) during the quarter. At a StableDash panel, WisdomTree, Stable Sea and SDF named access as [the remaining gap](https://www.youtube.com/watch?v=M2OxIjUQuic): where does a small business actually go to buy these regulated funds? # New Products [Templar](https://www.templarfi.org/blog/precept) launched Precept on November 9, an institutional lending protocol where each market sets its own collateral, borrow asset and risk parameters. Three markets opened: XLM/USDC, deJAAA/USDC and Gami earnUSDC/USDC, with Gami and Re7 as curators and DeFindex allocating vault liquidity. Guardian's audit found no critical, high or medium issues. [Soroswap](https://www.sodax.com/news/sodax-partners-with-soroswap-to-bring-first-robinhood-stocks-to-stellar-traders) became the first DEX on Stellar to bring Robinhood stocks to its users, adding SODAX's 46 tokenized stocks to the same swap screen as XLM and USDC. [Remi](https://remi.ae/blog/remi-unveils-remura-stellar-meridian-2026) detailed Remura, the confidential stablecoin layer it unveiled at Meridian: amounts and balances stay private, while auditors and supervisors get scoped investigation keys. It runs on testnet, with mainnet next. # Developer Infrastructure Bell's [mainnet vote](https://x.com/i/article/2120596150285975553) is set for November 23 at 17:00 UTC. It brings muxed contract addresses, ML-DSA post-quantum signature verification for contracts, and millisecond-precision ledger timestamps that lay groundwork for faster ledgers. Tomer Weller [told The Defiant](https://x.com/DefiantNews/status/2119836097522045139) that classic accounts get post-quantum signer rotation next year, without changing addresses. Separately, a Meridian talk showed lab tests reaching [2-second blocks at 3,000 transfers per second](https://www.youtube.com/watch?v=BaFhvBsALIA), with a target of 900-millisecond blocks at 10,000. [Stellar Registry](https://www.youtube.com/watch?v=zTZtF1jL2H0), built by The Aha Company, presented at the November 12 Developer Meeting: npm-style contract discovery for Soroban, with deployed contracts browsable by name, typed Rust client imports and versioned sub-registries. A community [proposal to pipeline SCP](https://github.com/orgs/stellar/discussions/2066) showed 1.9x throughput at k=2 for 5-8% more latency, and its author has posted a draft CAP. Discussion also continued on a [SEP clear-signing standard](https://github.com/orgs/stellar/discussions/2026) for Soroban invocations. StellarExpert shipped [API v0.3.0](https://x.com/stellar_experts/status/2119830142306726044) with breaking changes to authentication, pagination and response formats; integrations may need updates. [SCF #46 RFPs](https://x.com/BuildOnStellar/status/2120998677611454608) are open for web and API analytics for Stellar projects and an XDR test kit for indexers and SDKs, closing November 20. # Regional Activity and Agentic Payments Stellar moved from ninth to [second globally by developer count](https://x.com/i/article/2120107384274046976) over the past year, according to Meridian figures in Stellar Türkiye's recap. In the same piece, José Fernández da Ponte set out SDF's three priorities for the next five years: more builders, more payment and stablecoin volume, and more on-chain assets in real use. [Tellus Cooperative and Stellar Chile](https://x.com/i/article/2118819457153855488) opened a hub in Providencia in September, run Stellar Academy at UFRO in Temuco, brought eight Chilean projects to HackMeridian and sent ten ambassadors to Meridian. Diego Poveda's [Local402](https://x.com/i/article/2120161253930983424) extends x402 so API calls can be priced in local currencies, converted through Reflector, while settling in exact USDC via a Soroswap atomic swap. It is live on mainnet and won first place in Find Your Way. StarMaker LATAM's Código 402 bootcamp is running in Mexico through November 24, and Costa Rica's [Pura Vida Bootcamp](https://x.com/i/spaces/1XyEyzmnJQBAVJ) with Oppia Labs has more than 120 enrolled. SDF's [x402 explainer](https://www.youtube.com/watch?v=BFD2YvamnS8) made the case: card fees of 10 to 30 cents make sub-$1 payments impractical, and x402 opens per-call pricing for agents. # Lightning Round * [COCA](https://x.com/i/article/2119789761313308672): 72% more new users and 114% more card activations in October, plus a Stablerail partnership for stablecoin banking. * [WalletConnect Pay](https://x.com/i/article/2120596150285975553) is live on LOBSTR, with XLM fees covered for USDC payments. * [Soroswap and DeFindex](https://x.com/SoroswapFinance/status/2120916985039270363) are now live inside Seidar, next to its lending and vaults. * [xBull](https://x.com/xBullCorp/status/2119255887302766638) opened a beta of its new wallet: regular G accounts with no seed phrase, secured by device passkeys. * [XOXNO](https://x.com/XoxnoNetwork/status/2120970536734064855) opened an Immunefi bug bounty for its Stellar contracts. * [SODA](https://x.com/i/article/2119819992396869632), the SODAX governance token, now trades on Soroswap. * [Merkle Science](https://www.youtube.com/watch?v=WjVvYN_9Oow) tracks 41 tokens and has attributed over 100,000 addresses on Stellar and Soroban. * [Stellar Debugger](https://www.youtube.com/watch?v=WjVvYN_9Oow) offers time-travel debugging for Soroban contracts. * Lumen Loop [introduced its new team](https://x.com/i/broadcasts/2onzXrQPrjjWbK) on November 12: founder Raph with Amanda (content lead), Joaquin (creative director) and Gloria (head of growth). Its v2 shifts the site from a news aggregator to a visibility and growth channel for Stellar builders. * Our [breakdown of the SCF Q4 Public Goods vote](https://lumenloop.com/research/scf-q4-2026-public-goods-award-results), the first held on mainnet: 23 of 24 proposals approved for $581,100. # Upcoming Events * **November 13**: [Stellar Town Hall](https://discord.com/events/897514728459468821/1499821622356607010), Discord * **November 13**: [Demo Day: el cierre de la Ruta JaveBlockchain](https://luma.com/vd8s7poq), Bogotá, Colombia * **November 13**: [La peor Startup De Bolivia](https://luma.com/3x7tlyw9), Bolivia * **November 14**: [Stellar Community Meetup Indonesia](https://luma.com/j49s5ca4), Malang, East Java * **November 14**: [PubPoint Meet & Greet: Etherfuse + Stellar](https://luma.com/46m6ienv), London * **November 14-December 5**: [Buildathon: Stellar Codember Perú](https://luma.com/l7j6o5xx), UTEC + remote * **November 18**: [IA e blockchain: como essas tecnologias estão criando novos negócios](https://luma.com/dhx77plz), São Paulo, Brazil * **November 19**: [Stellar Developers Meeting](https://discord.com/events/897514728459468821/1530165449369845810), Discord * **November 19**: [Stellar Academy: Producto de verdad](https://luma.com/4w70kpaj), Temuco, Chile * **November 20**: [Commit Cero: tu primer paso en Stellar](https://luma.com/9aemfo1v), Querétaro, Mexico * **November 21**: [Web3 Sessions - Stellar en la U. La Salle](https://luma.com/r2zcg5oi), Arequipa, Peru * **November 21**: [Stellar Local - Maracaibo](https://luma.com/7ko9zra0), Venezuela * **November 24**: [Stellar APAC Community Call](https://luma.com/9wghoszo), online * **November 26**: [Stellar Academy: Seguridad y buenas prácticas](https://luma.com/1qew3sj3), Temuco, Chile # Ambassador Activity Stellar Philippines spotlighted [Lantern Wallet's](https://x.com/PHI_Stellar/status/2120827201998462985) Instawards progress: an on-chain scam registry, a transaction scanner, and warnings that flag suspicious transactions before users sign. Stellar Brazil met on November 9 with 50+ attendees, walking through the Portuguese Seja Stellar guide to SCF roles and the Instawards application steps. Stellar Turkey hosted a Builder Sohbet on November 13 with Corra Money's founder on cross-border payment infrastructure. # What to Watch * **November 20**: SCF #46 RFP submissions close at 9am PT. Builders need an approved interest form first. * **November 23**: The Protocol 30 (Bell) mainnet validator vote at 17:00 UTC. * **Remura mainnet**: Remi says mainnet comes next, with a waitlist open for banks, MTOs and payment providers. * **Stellar Codember Perú**: Runs November 14 through December 5, with teams building testnet MVPs toward a Demo Day at UTEC.

On CoinGecko just now (about 12:35 PM ET Nov 13) BTC is around $68.5k and ETH around $1,925, with ETH up roughly 13% over 7 days by their table, so the picture is choppier than a straight slide. Moves like this usually come from leverage unwinding and thin liquidity rather than one headline, so I'd watch funding and open interest alongside price. A clean reclaim of recent support on volume would tell me more than any single news item.

Lost about $500 trying to predict the next move gonna take a break until 1-2pm ET to see if things change

Fireside chat with Dimon and Amodei at 12 PM ET on JP Morgan YT channel.

You're very welcome! While the app does not currently support an order quite like that, our Fidelity Trader+ Desktop platform offers a Day+ Extended order on the trade ticket. This will keep the order open from when the pre-market opens at 7:00 a.m. until the after-market closes at 8:00 p.m. ET. I'll make sure your voice is heard by the right teams on adding a similar order type to the mobile app. Have a great Friday!

**BanBet Created** ▲ | **Record:** 0W - 1L | Ticker | Target | Entry | Move | Expires | |:---:|:---:|:---:|:---:|:---:| | **SPY** | $755.00 (above) | $750.63 | +0.6% | Sat 11:09 AM ET |

Thanks for your interest in Fidelity. I want to jump in to make sure you know we do have extended-hours trading. These privileges are granted to a user at account opening. To place an extended-hours trade, just click the extended-hours trading toggle on your trade ticket during extended hours. Orders for the premarket session can be placed from 7:00 a.m. to 9:28 a.m. ET. Orders in the after-hours session can be placed from 4:00 p.m. to 8:00 p.m. ET. As far as transferring assets out of Fidelity, transfers of assets (TOAs) are initiated by the receiving firm. Some assets, such as proprietary mutual funds, may not be eligible to be held at other institutions and would need to be sold and transferred as cash, so it's best to confirm with the receiving firm for additional information. What other questions can the Mods help you with today?

I built it to answer two questions before I set a target: How far could SPY move on either side of the open, and which side is projected to make the bigger move? Here’s what it projected for Nov. 13, from the open through noon ET: **Session open** $760.07 **Upside range** $760.70–$763.30 · Median $761.83 **Downside range** $755.60–$758.30 · Median $756.94 **Side dominance** Downside Today the projected median move was $3.13 below the open versus $1.76 above it. I use those levels to put my targets in context. A short target near $757 is close to the projected median, while $755 would take a move beyond the projected downside range. How do you set your intraday targets? Do you look at how far SPY typically moves, or do you mainly use levels on the chart?

Modine was around $137.82 as of 9:58 a.m. ET, up about 30% from Thursday's close of $106.10, after Bloomberg reported that Samsung is in talks to acquire the company. The stock opened at $142.05, ran to a morning high of $146.50, and has since traded as low as $135.02. Volume is already above 2.6 million shares, versus a three-month average of about 1.6 million. Bloomberg, citing people familiar with the matter, said the two sides are discussing a transaction that could come together in the coming weeks. No price or other terms have been announced, no final decision has been made, and the report itself notes the talks could still fall apart or that another suitor could emerge. Both Samsung and Modine declined to comment, so this is still an unconfirmed report, not a signed deal. The rumor is landing on a data-center cooling business that has been growing quickly. In the fiscal second quarter ended September 30, Modine's Data Centers segment did $439.7 million of sales, up 95% from $225.0 million a year earlier, driven by hyperscale customers in North America. That growth came with a cost: segment gross margin compressed 470 basis points to 19.7% on higher material, component and tariff costs, and the shares had fallen about 15% since the November 3 report. From a tape perspective, $146.50 is the morning high the stock would need to reclaim, and $135.02 is today's low after it undercut the $138 opening-range wick. Next Wednesday, November 18, Modine hosts its Analyst and Investor Day, where management is scheduled to update the multi-year growth strategy and financial targets following the Performance Technologies spin-off. That event is on the calendar either way, whether these talks turn into a deal or they fade. Do you read this as the market starting to price a takeover premium, or as a gap that still has to prove itself into the November 18 investor day if the talks stall?

**BanBet Created** ▲ | **Record:** 13W - 5L | Ticker | Target | Entry | Move | Expires | |:---:|:---:|:---:|:---:|:---:| | **ANDG** | $63.75 (above) | $61.89 | +3.0% | Wed 9:30 AM ET |

Day-trade levels for November 13, 2026 BTC and ETH use normal US market hours, 9:30 AM to 4:00 PM ET. SPY closed at 757.21 on 11/12 All listed levels: 753.95, 755.19, 756.19, 756.79, 758.92, 760.20 Resistance above: 758.92, 760.20 Support below: 756.79, 756.19, 755.19, 753.95 Nearest pivot: 756.79 Above 758.92 → 760.20 next Lose 756.79 → 756.19 next ES closed at 7620.75 on 11/12 All listed levels: 7597.75, 7612.50, 7617.75, 7622.50, 7626.75, 7632, 7638.25, 7643 Resistance above: 7622.50, 7626.75, 7632, 7638.25, 7643 Support below: 7617.75, 7612.50, 7597.75 Nearest pivot: 7622.50 Above 7622.50 → 7626.75 next Lose 7617.75 → 7612.50 next QQQ closed at 688.20 on 11/12 All listed levels: 676.89, 681.35, 684.22, 686.95, 691.03, 694.25 Resistance above: 691.03, 694.25 Support below: 686.95, 684.22, 681.35, 676.89 Nearest pivot: 686.95 Above 691.03 → 694.25 next Lose 686.95 → 684.22 next NQ closed at 28398.00 on 11/12 All listed levels: 28388.25, 28391.25, 28394.50, 28396.75, 28398.75, 28407, 28418, 28421 Resistance above: 28398.75, 28407, 28418, 28421 Support below: 28396.75, 28394.50, 28391.25, 28388.25 Nearest pivot: 28398.75 Above 28398.75 → 28407 next Lose 28396.75 → 28394.50 next NVDA (NVIDIA) Nearest pivot: 164.74 Above 164.74 → 164.92 next Above 164.92 → 165.88 next Above 165.88 → 165.99 next Above 165.99 → 192.36 next Above 192.36 → 192.56 next Above 192.56 → open air Lose 164.26 → 163.10 next Lose 163.10 → open air TSLA (Tesla) Nearest pivot: 397.25 Above 397.25 → 397.43 next Above 397.43 → 397.59 next Above 397.59 → 397.94 next Above 397.94 → open air Lose 396.98 → 396.50 next Lose 396.50 → 396.17 next Lose 396.17 → 395.92 next Lose 395.92 → 393.46 next Lose 393.46 → 393.11 next Lose 393.11 → 393.01 next Lose 393.01 → 392.59 next Lose 392.59 → open air BTC (Bitcoin) Nearest pivot: 71356.25 Above 71356.25 → 71392 next Above 71392 → 71527 next Above 71527 → 71570.25 next Above 71570.25 → 71637.50 next Above 71637.50 → open air Lose 66886.50 → 66796.50 next Lose 66796.50 → open air ETH (Ethereum) Nearest pivot: 2014.95 Above 2014.95 → 2018.25 next Above 2018.25 → 2019.75 next Above 2019.75 → 2022.50 next Above 2022.50 → open air Lose 2012.60 → 2008.45 next Lose 2008.45 → 2005.75 next Lose 2005.75 → 2002.40 next Lose 2002.40 → open air

HDFC Flexi Cap vs Parag Parikh Flexi Cap (direct plans, ET Money data as of 12 Nov 2026). Trailing SIP returns (HDFC vs PPFAS): 1Y 14.52% vs 7.41%, 3Y 11.25% vs 7.16%, 5Y 16.57% vs 12.72%, 10Y 17.86% vs 17.33%. HDFC is ahead in every period. Rolling return averages (HDFC vs PPFAS): 1Y 16.49% vs 15.49%, 3Y 17.28% vs 17.91%, 5Y 17.14% vs 19.91%, 7Y 17.74% vs 20.48%, 10Y 18.6% vs 20.25%. PPFAS is ahead for 3Y and above. It also gave 8%+ in 97.6% of 5Y periods, against 89.42% for HDFC. Trailing depends on a single end date, while rolling covers every start date, so I give more weight to rolling. Risk: HDFC is more volatile (std dev 12.78 vs 9.8) and its max drawdown is deeper (-41.8% vs -31.2%). One more point: HDFC's last 3 to 5 years came under Roshi Jain, who left in Nov 2025. The new manager took over in Feb 2026. My take as per this data: HDFC for recent form, PPFAS for consistency.

PPI @ 8:30 ET, but also BLS import price index (arguably as important) comes out the morning of earnings day; 11/17 0830. Good macro news there could lift the mood for Collette's first call.

| Ticker | Target | Entry | Current | Move | Expires | |:---:|:---:|:---:|:---:|:---:|:---:| | **QQQ** ▲ | $730.00 (above) | $676.44 | — | +7.9% | Thu, Dec 10, 6:28 PM ET | | **Record** | 1W - 3L | 25% | - | - | - |

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.