Most readers know I usually buy 1000 or 500 shares of Nvidia (NVDA) when looking to sell Calls. I decided to go with a smaller position this week because they report earning this Wednesday. I normally don’t get involved in trades involving stocks with big news imminent, but I feel NVDA will do well with earnings.
Buy 200 shares of NVDA @ $538.00
I’m looking for the stock to go a little higher, if it does I’ll sell a $540 or $542.50 Call and hope for a premium of $20. If I get one of these filled it will give me a $4000 premium.
I’ll let you know as soon as I get filled.
Successful trading,
Steve
The Options Coach