23 Feb 24 | 8:30 ET
We all saw the NVDA blowout! I invested in the NVDA 240621C00650000. I was worried about a dip right at opening so I sold as soon as I saw my gains but I should of, could of, would of, kept the options because the price continued to rise to about $790! Oh well, just be happy with my $3800!
The plan will be to stay out of the market until the next earnings results are scheduled so we shall see what the next 2-3 months bring for NVDA!
20 Feb 24 | 10:00 ET
I couldn’t stay away! I bought a put and a call which netted $205 between the two with losing on the put and making on the call. I still have one call in currently. It’s the NVDA 240621C00700000. I was so close to getting out next week when it was just up a few dozen dollars but held unfortunately and as of today, I’m not doing too hot!
My concern with the recent dips each morning is that the earnings are getting “priced in”. What does that mean? It means there may be very little movement because people already have been buying and selling with the expectation of great earnings. I’ve mentioned before several of the NVDA earnings reports resulted in lower stock prices even when the earnings surprised expectations! This begs the question – should I buy a put for short-term gains and a call for long-term gains? I have one day to figure it out!
12 Feb 24 | 7:00 ET
I took a breather on Friday and didn’t trade. Today is a new week and I think I will continue to try to scalp some contracts as the beast that is NVDA continues to rise in premarket trading. I know I should be more methodical, but there seems to be no end to NVDA’s rise before earnings. It also begs the question: When earnings are released, will it actually dip since all the anticipation is built into the price? I have a few hours to think about it.
8 Feb 24 | 2:40 ET
I won’t lie…I’m in a frenzy! Against my better judgment, I jumped in and out of NVDA and was able to scrape off about $739 off of two contracts and day trading. The whole purpose of this blog was to make planned buys but NVDA continues to be a beast and it’s hard to look away! For now, I’m going to take a day or two to make a more thoughtful purchase before earnings.
6 Feb 24 | 1:42 ET
After-market trading is looking good tonight. I plan on tossing a trailing stop on it again at about half the profit. I closed with about $400 profit on the option at the bell which was a stock price of $693 and as of right now, the stock price is $702. That could be about $500 more so a total of about $900 at opening. Throw a -$500 trailing stop and see where it goes with a locked-in profit of several hundred!
5 Feb 24 | 13:05 ET
I scalped the upward move a little and in just a few minutes I’ve bought back in on 1 x NVDA 240621C00665000. I was honestly tired of watching it move upward for weeks so I’m planning on holding these until they start losing me money or until after the earnings calls. A bit of a rolling strategy but with the NVDA roll we shall see!
5 Feb 24 | 13:01 ET
Sold! $424 in and out on a trailing stop of about -$300. YTD $10,338!
5 Feb 23 | 11:05 ET
I’m in! I bought 1 x NVDA 240621C00660000 for $89.65!
5 Feb 23 | 10:44 ET
NVDA‘s earnings are on 21 Feb 24 AMC but the fever for Nvidia has been climbing for weeks. I know I shouldn’t chase trends, but my gosh, I’ve left so much on the table in the last weeks. I think I will buy a contract soon with the expectation that it’ll slowly rise through earnings and then I’ll have time near the earnings date to buy or sell. I’m going to have to think about this…
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