I sold a Nvidia (NVDA) long Call yesterday because it looked like the stock might back off a little. This morning the stock opened up and was as high as $835 but then it came down. With the stock at $819 I bought another long Call going out to 10/15/21. I bought 1 contract of the NVDA 10/15/21 $820 Call. I paid a $70 premium for a total of $7000.
Buy to Open 1 NVDA 10/15/21 $820.00 C @ $70.00
I plan on holding this position for about a week. Or I’ll get out when I feel they’ll be a pullback. If I don’t feel a pullback I might hold the position through the 4:1 split after the close on July 19th. I plan on buying another Call 2 to 5 days before the split.
After the split I plan on buying my last Call. Maybe the day of the split. This Call I’ll go with a LEAPS with the Expiration Date of 1/20/23. After the split I’ll be looking for the stock to go up because it will be very affordable for all investors. I might even buy this Call before the split. If I buy 1 contract I’ll end up with 4 to hold for a while. I’ll keep you informed.
You can see all my closed positions of trades I made so far with my NVDA split strategy at the bottom of the Active Trades page.
Successful trading,
Steve
The Options Coach