My Nvidia Modified Synthetic Long — And Why I Didn't Go Full Synthetic

I've been busy today. The first trade I want to walk you through is a modified synthetic long I just put on in Nvidia.

The 4-hour IADSS chart is telling me what I need to know: NVDA is trading between resistance and support, sitting right on the 200 moving average, and we just got a -1.8 mean reversion reading. For me, that's close enough, good enough — because I want to start building a larger position in Nvidia. I bought some back during the tariff tantrums in April, but not enough.

Now, could I just do a regular synthetic long here — sell a put, buy a call — and call it a day? Of course. But there's a reason I chose the modified version instead, and understanding that reason might be the most important thing you learn today.

A synthetic long gives you the same exact risk profile as owning stock. And right now? I am not convinced that Nvidia has found its bottom. I'm not even convinced the overall market has found a bottom.

Let me show you why the QQQ picture matters here. On the 12-hour IADSS chart, QQQ is sitting on support at $585–$600 with a double top resistance at $640. The daily 200 moving average is right there too. If this support doesn't hold on QQQ, Nvidia probably doesn't hold either. So I want a parachute — a way to drop my cost basis if things go south. That's exactly what the modified synthetic long gives me.

Here's the trade I built: