Earlier in the day I posted that I bought 3 Nvidia Calls on 5/30/24 and sold 2 of them this morning. On the 2 Calls I sold I had a profit of $4000. After I sold these Calls the stock continued to move up and the 1 Call I didn’t sell closed the day up $4660. If Nvidia goes up tomorrow this 1 contract will continue to grow in value.
Later in the day, with the stock moving up, I decided to buy another Call. I bought 1 NVDA 6/14/24 $1210 C at $41.70. This position went up close to $1000 in profit. I now own 2 Calls going into Thursday. I wouldn’t be surprised with a little profit taking tomorrow, but I also wouldn’t be surprised if the stock goes up another $50 going into the split.
My 2 positions
1 NVDA 6/14/24 $1140.00 C @ $50.00
1 NVDA 6/14/24 $1210.00 C @ $41.70
As I posted earlier, I will be going into the weekend with 6 contracts. So, tomorrow or Friday I’ll be buying another 4 Calls.
As I write Nvidia is up $4 in the aftermarket.
Successful trading,
Steve
The Option Coach
Thanks for sharing, nice of you to share knowledge.
Thanks for reading, Seth.
Awesome Trading!
Thanks for reading, Clyde. We are approaching the split and it should be interesting!