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Nvidia and Nasdaq-100 inverse ETF highlighted for day traders

The guide points to Nvidia’s high options activity and volume for intraday setups, while noting a Nasdaq 100 decline would translate to about 3% daily upside for ProShares UltraPro Short under its stated leverage design.

Reported · Written up by our desk · Previews

Benzinga highlighted Nvidia Corp. and ProShares UltraPro Short as examples of stocks that day traders may watch for potential trading opportunities. The piece says day trading is a grind that requires sustained screen time and that selecting the right names depends on identifying specific market characteristics. For Nvidia, the article attributes the stock’s appeal to the company’s position in graphics processing units and ties that narrative to sustained momentum since the market bottomed in late 2022. Benzinga also points to high daily share volume and significant option activity, describing those as signs of substantial demand, and it notes that Nvidia earnings have been a major focus for the market over the past 18 months. For bearish-oriented traders, the guide points to ProShares UltraPro Short, an ETF designed to deliver the inverse of the Nasdaq 100’s daily performance. It says the product uses derivatives and aims to amplify moves by a factor of three, so a 1% drop in the Nasdaq 100 would ideally correspond to a 3% rise in the ETF that day. Benzinga also cautions that the leveraged structure is high risk, requires constant monitoring, and that funds like SQQQ can suffer tracking errors and have high expenses.

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