Sold Another LEAPS With NVDA

I wrote earlier about selling a 1 contract LEAPS on AAPL. I just sold another.

On 5/27/20 I bought a 1 contract LEAPS on Nvidia (NVDA). I bought the NVDA 1/21/22 $320 LEAPS when the stock was at $325. I paid an $80 premium for $8000. I just sold this position for $122.20.

5/27/20 – Buy to Open 1 NVDA 1/21/22 $320.00 C @ $80.00

7/6/20 – Sell to Close 1 NVDA 1/21/22 $320.00 C @ $122.20

Profit +$4220 

This position gave me a Return on Investment of 53%. I was in it for a little over a month. I love NVDA so if it pulls back I’ll get back in.

So far today I locked in $6775 with my AAPL LEAPS and now $4220 with NVDA. That’s $10,995! Not a bad way to start the week! If I don’t bring in another dollar it would be a great week. BUT, I will lock in some more, I promise!

The power of LEAPS!

Successful trading,

Steve

The Options Coach